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 of Shackleton Ventures, commented, “We are delighted to have participated in more than a decade of profitable investment in Cummings & Morrish, enjoying a significant dividend stream, and to have been able to work with management, under the leadership of Steve Morrish, to bring the business to a successful exit for all parties.”
Steve added “We have enjoyed working with Shackleton who have been straightforward in their dealings with us”.
Shackleton’s investment in Cummings & Morrish was from its second fund, Shackleton Secondaries II LP.
This represents our 19th profitable exit.
