Molten Ventures successfully exits from three investments

12th Jul 2024 07:44

(Sharecast News) - Venture capital firm Molten Ventures announced successful exits from Graphcore, Perkbox and Endomag on Friday, highlighting returns above or in line with holding values.

Molten Ventures said all three exits reinforced the rigour of its valuation process, underpinning the FTSE 250-listed group's net asset value.

Chief executive Martin Davis said: "As we anticipated at the time of our recent trading update and final results, we are seeing a step-up in realisations, most recently with our exit from Graphcore and the previously announced Perkbox and Endomag transactions.

"These realisations and the fact that Core Portfolio companies ISAR Aerospace and Ravenpack are attracting investment, even in an environment which is still challenging for fundraising, all demonstrate the high quality of our portfolio. More importantly, the valuation of recent exits underscores the rigour of our valuation methodology and should give further confidence to investors in our net asset value."

As of 0930 BST, Molten Ventures shares were down 1.11% at 385.17p.

Reporting by Iain Gilbert at Sharecast.com