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CT Private Equity Trust plc announced that Cyberhawk Holdings Limited, in which the Company made an initial £2.1 million investment in March 2019 for a 23% stake, has agreed to be sold to Ondas Holdings Inc. The transaction is subject to regulatory approval and is expected to complete in Q3 2026. For CT Private Equity Trust, this is expected to generate approximately $24 million in proceeds, representing a c.7.4x return on cost and an IRR of c.33%, and an uplift of £7.6 million (71%) on its £10.7 million valuation as at 31 March 2026.
| Date | 19 Jun 2026 |
| Time | 12:00:01 |
| Category | Miscellaneous |
| ID | 0535J |
19 June 2026
CT Private Equity Trust plc ("the Company")
LEI: 2138009FW98WZFCGRN66
Investment Update
CT Private Equity Trust plc announces that leading drone-based inspection and visualisation software company Cyberhawk Holdings Limited ("Cyberhawk"), in which the Company has an investment, has entered an agreement for its sale to Ondas Holdings Inc. ("Ondas"). The transaction is subject to regulatory approval and is expected to complete in Q3 2026.
The Company made its initial investment of £2.1 million in Cyberhawk in March 2019, acquiring a 23% stake in the business. The investment was led by European energy transition specialist Magnesium Capital.
For CT Private Equity Trust plc, the transaction is expected to generate proceeds of approximately $24 million, representing a net return for the Company of c.7.4x cost and an IRR of c.33%.
As at 31 March 2026 the Company's investment in Cyberhawk was valued at £10.7 million. Anticipated sale proceeds of $24 million (£18.3 million*) represents an uplift of £7.6 million (71%) to the Company's last published holding value. Anticipated proceeds represent approximately 3.7% of the Company's Q1 2026 net asset value and an uplift of approximately 1.5% of net asset value.
*using 31 March 2026 exchange rate of 0.75832
For more information, please contact:
|
Andrew Carnwath (Fund Manager) |
0131 573 8283 |
|
Scott McEllen (Company Secretary) |
0131 573 8372
|