Another Outstanding Year for Marwyn Value Investors LP
January 18th 2012
Another Outstanding Year for Marwyn Value Investors LP - Press Release
• Award winning fund gains 27% in 2011, up 251% since launch
• Marwyn companies have delivered 25% IRR to equity investors since 2005
London – 18th January 2012. Marwyn Value Investors LP (MVI), the award-winning, cornerstone fund of the Marwyn alternative asset management group, continued to build on its impressive track record with another exceptional performance in 2011. Against a backdrop of poor equity markets, MVI consolidated its record 2010 return with an increase in Net Asset Value (NAV) of 27 per cent in 2011.
Since inception in 2006, MVI has posted an increase in NAV of 251 per cent. That compares with a decrease in value of the S&P Private Equity (TR) index of 27 per cent and a decrease in the value of the FTSE Small Cap (ex IT) index of 26 per cent.
Marwyn Value Investors LP*
* The performance of the NAV has been calculated using Class A GBP of Marwyn Value Investors LP. Source: UBS Fund Services (Ireland) Ltd. Past results are no guarantee of future results and no representation is made that a client will or is likely to achieve results similar to those shown above. The foregoing should not be deemed as an offer to sell or a solicitation to buy an interest.
Since 2005 Marwyn’s investee companies have together delivered a net internal rate of return (IRR) to equity investors of 25 per cent on a total of approximately £860 million of invested equity (combining new equity issuance and share considerations to vendors in acquired companies).
James Corsellis, Managing Partner at Marwyn, said: “In what turned out to be an extremely challenging year, we have demonstrated again the resilience of an investment model that concentrates on working closely with management and adding operational value to our investee companies. 2011 proved to be another excellent year for Marwyn, its companies and their investors. Our hands-on investment approach to executing buy-and-build strategies in the public markets has built an impressive track record of consistent returns.”
Among key MVI investment holdings, the board of Entertainment One (ETO LN), the leading international entertainment distributor, confirmed that it had received interest from various parties and had retained J.P.Morgan and Credit Suisse to review its strategic options. The shares finished the year 48 per cent ahead. Shares in Advanced Computer Software Group plc (ASW LN), a leading provider of software and IT services to the UK health care and business sectors, gained 32 per cent on a strong first half performance with organic growth across all divisions of 5 per cent. Silverdell plc (SID LN), the specialist environmental support services group, announced that it had been selected by Magnox Ltd as part of the £304 million Framework Contract, part of the UK’s Nuclear Decommissioning Programme. Silverdell shares finished the year 73 per cent ahead. In December, Marwyn Capital II Limited completed its reverse takeover of themed attraction design business Paragon Entertainment Ltd.
2011 also saw Marwyn extend its distinctive, operationally-focused investment model to the Main Market of the London Stock Exchange with the launch of Marwyn Management Partners plc (MMP LN), a newly established acquisition conglomerate. The MMP subsidiary Marwyn European Transport plc (MET), completed the acquisition of two German bus operators, and another, Marwyn Gaming Limited, acquired the UK high street gaming group Praesepe plc and the Agora chain of Adult Gaming Centres.
Marwyn Investment Management LLP
Tel: +44 (0) 207 004 2710
John Eisenhammer, Quiller Consultants
Tel: +44 (0)20 7233 9444
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