Patient capital is the name of the game in our world. For some the patient capital is reserved for the most sick investments in a portfolio, but for the lucky few it bears another purpose. Creating the time to allow the investment to build until a really excellent return can be had.
The news that growth capital investor Beringea has sold a majority stake in long term investment SPC international - a global IT hardware support company, in which it first in vested in 2003 (the year AngelNews started!) It made two follow on investments, providing a total of just under £2.7m over five years. Today, SPC has revenues of £20m and operates in five countries. The sale to TVS Rico has been reported as a great strategic fit for SPC International and with Beringea holding onto a 5% stake in SPC this suggests it is seeing future potential in the business.
Congratulations to Stuart Veale and the team for helping this market leading supply chain industry company to get to where it is (with over £20m revenues), but also for holding a bit for the future too.