Exit

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Trutac: Shackleton’s 23rd Profitable Exit

We are pleased today to announce the sale of Trutac to Microlise.  The transaction sees the Coventry-based experts in fleet compliance and management software becoming a part of the Microlise group, which itself offers a broad range of fleet solutions including vehicle tracking, telematics and journey management. This is Shackleton’s 23rd profitable exit, delivering an IRR of 23%. Since our initial investment in 2010, Trutac has [...]

2020-03-09T18:53:16+00:00March 9th, 2020|Categories: Acquisition, News, Press Release|Tags: , |

PanIntelligence Funded for further Growth

We are delighted to announce that Shackleton investee, PanInsight (trading as Panintelligence) has secured fresh investment from YFM Equity Partners and Cohmar Capital.  The £4.5 million transaction will allow the company to pursue its next phase of growth and allows a partial cash exit for Shackleton and other founder investors.  This also represents Shackleton's 22nd profitable realisation. PanIntelligence is a rapidly scaling data visualisation, reporting [...]

2019-11-26T16:22:07+00:00November 26th, 2019|Categories: Exit, Funding, News, Press Release|Tags: , , , |

21 today! DEM is Shackleton’s 21st profitable exit

We are pleased to announce the sale of Shackleton portfolio company DEM Solutions to Altair Engineering Inc., (Nasdaq:ALTR).  This is our 21st profitable exit. DEM Solutions' lead product, EDEM, is the market-leader in Discrete Element Method (DEM) software for bulk material simulation.  Blue-chip companies around the world also use EDEM to reduce costs of operations, shorten product development cycles and drive product innovation. In addition, [...]

2019-11-11T12:40:10+00:00November 7th, 2019|Categories: Exit, News|Tags: , |

Lewmar becomes Shackleton’s 20th Profitable Exit

We are pleased to announce the successful sale of Lewmar Marine to LCI (NYSE: LCII) subsidiary, Lippert Components, Inc. Founded in 1948, Lewmar has become one of the world’s premier suppliers of leisure marine equipment for yachts, sailboats, and powerboats. Shackleton originally acquired a significant interest in Lewmar in December 2007 as part of a direct equity portfolio bought from 3i Group (FTSE: III).  At [...]

2019-09-05T13:36:48+00:00August 1st, 2019|Categories: Exit, News, Press Release|Tags: , |

Cummings and Goings

We are very pleased to announce that we have successfully exited our investment in Cummings & Morrish (Investments) Limited. We originally acquired a 40% interest in Cummings & Morrish at a time when the company owned a number of commercial properties in Dorset. These have now all been sold at good prices and the bulk of the proceeds distributed to shareholders. Hugh Stewart, Managing Partner [...]

2019-04-11T08:25:45+00:00March 11th, 2019|Categories: Exit, News|Tags: |

CreditCall bought by NMI

Shackleton Ventures, the specialist direct secondaries venture investor, has successfully exited its investment in Creditcall, a payments solutions company, headquartered in Bristol, UK. CreditCall, which gives its clients market-leading payment acceptance functionality, and processes over $5bn of transactions per year was acquired by NMI Inc, a leading US technology provider of payments enablement. When Shackleton first invested in CreditCall, the company was primarily involved in payments systems for telephony. Shackleton played the [...]

2019-04-11T08:30:44+00:00March 5th, 2018|Categories: Exit, Press Release|Tags: , , , |