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North Atlantic Smaller Companies Investment Trust PLC (NASCIT) announced that Harwood Private Equity V, in which NASCIT has a substantial investment, sold one of its private equity holdings on 14th July, subject to FCA approval. On a look-through basis, NASCIT had invested £2.75m just under three years ago and expects to receive approximately £7.5m at closing, with a further earn out of up to £0.7m within the next year. This expected receipt represents an uplift of approximately £2.0m on the 30th June 2023 valuation.
| Date | 17 Jul 2023 |
| Time | 12:41:07 |
| Category | Corporate updates |
| ID | 2540G |
NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC ("NASCIT")
NASCIT is pleased to announce that, subject to FCA approval, Harwood Private Equity V, in which NASCIT has a substantial investment, sold on Friday 14th July one of its private equity holdings. On a look-through basis NASCIT invested £2.75m just under three years ago and expects to receive at the closing, approximately £7.5m with a further earn out of up to £0.7m within the next year. This represents an uplift on the 30th June 2023 valuation of approximately £2.0m.
Enquiries:
Christopher Mills and Christopher Hart
020 7640 3200