We are delighted to announce today the sale of Tissuemed to Becton Dickinson (NYSE: BDX). Tissuemed, the Leeds-based medtech specialist, develops and manufactures self-adhesive films that help surgeons to close and seal sutured and stapled internal tissues. Tissuemed is the last of Shackleton's 2007 vintage investments to be sold. It has achieved strong growth and profitability in recent years and has been paying dividends. This [...]
We are delighted to announce the sale of Exterity to French company Vitec S.A. Exterity, based in Dalgety Bay, Scotland, is a market-leading provider of IPTV Technology, Digital Signage and Guest Experience solutions. Shackleton’s third fund, Shackleton Secondaries 3 LP, originally acquired a significant interest in Exterity in April 2014 as part of a portfolio of 13 investments. Shackleton played an active role on the [...]
We are pleased to announce that we have sold our interest in OmPrompt to Eurazeo-backed Elemica International, Inc. OmPrompt is a leading developer of AI-based SaaS systems for processing order entries for consumer goods and healthcare companies. We originally acquired a significant interest in OmPrompt in December 2008 when we bought out equity investors and bank debt after OmPrompt’s momentum slowed in the global downturn. [...]
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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
