RCS - Molten Ventures PLC - Perkbox Exit

Molten VenturesAnnouncement

18/03/2024 07:00

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RNS Number : 1432H  Molten Ventures PLC  18 March 2024

 

Molten Ventures plc

("Molten", the "Group" or the "Company")

Perkbox Exit

 

Molten Ventures (LSE: GROW, Euronext Dublin: GRW), a leading venture capital
firm investing in and developing high-growth digital technology
businesses, notes the announcement by Great Hill Partners that Vivup and
Perkbox will combine and receive investment from the growth equity firm. As a
consequence, and subject to the transaction obtaining FCA Change of Control
approval, the Group will exit its investment in Perkbox.

The award-winning global benefits and reward platform has been a portfolio
company since Molten first invested in 2016, and currently sits just outside
the Core Portfolio in the reporting. The deal values Perkbox modestly above
its Group holding value.

 

-ENDS-

Enquiries:

 Molten Ventures plc                             +44 (0)20 7931 8800

 Martin Davis (Chief Executive Officer)          ir@molten.vc

 Ben Wilkinson (Chief Financial Officer)
 Deutsche Numis                                  +44 (0)20 7260 1000

 Joint Financial Adviser and Corporate Broker

 Simon Willis

 Jamie Loughborough

 Iqra Amin

 Goodbody Stockbrokers                           +44 (0) 20 3841 6202

 Joint Financial Adviser and Corporate Broker,

 Euronext Dublin Sponsor

 Don Harrington

 Dearbhla Gallagher

 William Hall

 Powerscourt                                                  +44 (0)7970 246 725

 Public relations                                             +44 (0)7880 744 379

 Elly Williamson                                              molten@powerscourt-group.com

 Nick Hayns

About Molten Ventures

 

Molten Ventures is a leading venture capital firm in Europe, developing and
investing in disruptive, high growth technology companies. We inject visionary
companies with energy to help them transform and grow. This energy comes in
many forms - capital, of course, but also knowledge, experience, and
relationships. We believe it is our role to support the entrepreneurs who will
invent the future, and that future is being built, today, in Europe.

 

As at 30 September 2023, Molten Ventures had a diverse portfolio with
shareholdings in 74 companies, 17 of which represent our Core Portfolio
holdings and account for 62% of the Gross Portfolio Value. Our core companies
include Thought Machine, Coachhub, Form3, Aiven, Ledger and Aircall. We invest
across four sectors: Enterprise Technology, Hardware and Deeptech, Consumer
Technology, and Digital Health and Wellness, with highly experienced partners
constantly looking for new opportunities in each. We look for high-growth
companies operating in new markets, with aspirations for global expansion,
strong IP, powerful technology, and strong management teams to deliver
success. We also look for businesses with the potential to generate strong
margins to ensure rapid, sustainable growth in substantial addressable
markets.

 

Molten Ventures provides a unique opportunity for public market investors to
access these fast-growing tech businesses, without having to commit to long
term investments with limited liquidity. Since our IPO in June 2016, we have
deployed over £1bn capital into fast growing tech companies and have realised
£520m to 30 September 2023.

 

 

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