- 03/02/2022
- Posted by: Qualitas Funds
- Categories: Enconomic Environment, Private Equity Industry, Sales
We are pleased to announce the exit of McGavigan a company from Qualitas Funds II. The exit has generated return of c.2,9x invested capital and a gross IRR of 30,69%. Our fund manager had a majority stake in the business.
McGavigan manufactures decorative in mould assemblies for top tier car manufacturers, the company supplies components that are widely used by global car makers.
The investment rationale behind this, was based on expansion plans, it included the establishment of a manufacturing facility in China. Since the inception of our British fund manager, the management team have continued to execute their strategic plan. In 2020, McGavigan opened the planned manufacturing facility in China, leveraging the future growth of the company.
The exit has generated return of c.2,9x invested capital and a gross IRR of 30,69% for Qualitas Funds II investors.
