Detailed below are some of the most notable and recent exits from Midven's portfolio
Ardentia
Ardentia is a supplier of world class business intelligence solutions for the healthcare market. It is the market leader in the UK with customers across all aspects of the NHS including PCT's and strategic Health Authorities.
The company was acquired in August 2011 by IMS Health, for an undisclosed sum. The transaction generated a cash multiple return of just under 7 times and an IRR of c.24%, which over an 11 year investment period is an excellent return.
Established in 1979, Isys Interactive Systems are market leaders in the supply of waste and recycling software. Isys produce integrated waste management systems that meet both local and national requirements for waste and recycling operations.
Midven achieved a 3 times cash multiple return on exit in 2005 through a management buy-back of the HSBC Enterprise Fund's shares.
Minivator, now part of Handicare group, was the world's second largest manufacturer of stair lifts. Their product range offers stair lifts and bath lifts for use in both domestic and public situations, lifting solutions for both indoors and outdoors, and products that meet with the requirements of the Disabilities Discrimination Act. Midven invested in Minivator to support the Management Buy-out of the business. At the time of the investment the business was loss making subsidiary of Sunrise Medical. An exit was achieved in August 2004 through a secondary buy-out backed by Gresham Private Equity, generating an IRR of some 70% and cash multiple return of 7.
