Congratulations to EIS investee company, 23.5 DEGREES LIMITED, which has recently been acquired by Starbucks and is now its largest UK franchise. 23.5 Degrees received investment from Connection Capital LLP and EISA member, Seneca Partners Limited, through its Enterprise Investment Scheme (EIS) Portfolio Service to support the company’s growth. Seneca first invested £1.5million in 2015 and this exit has delivered a 7.5x return for EIS investors. Learn more here: https://lnkd.in/eEQhYebU
Impressive return!
Business consultant
1wInvestors must have breathed a sigh of relief given they first invested in 2015. When you factor in the time value of money the return was not that great. Private Equity often overlooks the time value of money to make the returns look better than they actually are.