Rockwood Strategic Plc (RKW.L) LSE

280.22

-1.78(-0.63%)

Updated at September 08 01:43PM

Currency In GBp

Rockwood Strategic Plc

Address

80 Cheapside

London, EC2V 6EE

United Kingdom of Great Britain and Northern Ireland

Phone

44 20 3837 6270

Sector

Financial Services

Industry

Asset Management

Employees

4

First IPO Date

November 10, 2022

Key Executives

NameTitlePayYear Born
Mr. David Roger William PotterMember of Investment Advisory Group50,0001945
Mr. Anthony L. Dalwood CFAChief Executive01971
Ms. Cassie HerlihyInvestment Manager0N/A
Mr. William LuDirector of China0N/A
Mr. James Dominic Brooke A.C.A., M.A.Member of Investment Advisory Group01971
Ms. Brigitte BeaterExecutive Officer of Finance Team0N/A
Mr. Christopher Harwood-Bernard MillsMember of Investment Advisory Group01952
Mr. Richard Adam Staveley CFA, CPALead Fund Manager01979
Mr. David LeahyAssociate Director of Equity Funds0N/A
Mr. Stavros JonesHead of Trading0N/A

Description

Gresham House Strategic plc specializes in PIPE, pre-IPO, growth and acquisition, recovery capital investments. The fund invests in financial services, media, information and communication technology, digital information and technology, healthcare, and life sciences. It prefers to invest in companies based in United Kingdom and Europe and can also co-invest outside Europe with local venture capital firms. The fund also seeks to make follow on investments. It invests in companies with market capitalizations of less than £250 million ($283.87 million) and seeks to acquire stakes between 5% and 25% for cash or share consideration. It seeks to invest between three to five years. The fund invests in smaller public companies as well as private companies. It invests in public companies that are listed on FTSE All-share and AIM All-Share Index; stocks trading greater than 50% below 3 year price high; EV or EBITDA less than 7 times, gearing more than 75%, ROCE greater than 10%, FCF Yield greater than 10%. The fund invests in private companies in P2P opportunities, equity and equity-related instruments, preferred equity, preferred quasi equity positions including convertible and non-convertible debt instruments, and mezzanine preferred instruments. It attracts portfolio in scenarios - excluding cash, portfolio trades on a weighted average EV or EBITDA greater than 5 times; generating in excess of 10% growth in 2017 based on broker forecasts. The fund targets 15% net IRR over the long-term.