LONDON: Literacy Capital plc has completed a significant transaction involving its portfolio company Velociti Solutions, selling its stake and re-investing alongside CBPE at a 52 percent premium to the most recently stated carrying value. Velociti, a software provider to the UK and international bus and rail sectors, was originally acquired as EPM Solutions in February…
LONDON, UK: Literacy Capital has achieved a major milestone by divesting a significant investment, delivering substantial gains for shareholders and boosting its cash reserves for future ventures. The successful transaction has generated a remarkable return for shareholders, exceeding 10 times the initial capital investment. Valuing Literacy’s stake at over a 50% premium compared to the…
LONDON, UK: Literacy Capital has completed its acquisition of Halsbury Travel, and subsequent growth capital investment. Halsbury is a travel agency that specifically focuses on organising trips for UK schools. Alex Williamson has been appointed to the Board as Non-Executive Director, bringing a wealth of experience in both the Education and Travel sectors. The Company…