Turnaround opportunities boost Marwyn Value Investors fund
Marwyn Value Investors LP (MVI), the cornerstone fund of the Marwyn alternative asset management group, has turned in an increase of 27% in net asset value through 2011, despite poor equity markets.
Since inception in 2006, MVI has posted an increase in NAV of 251%, against a decrease in value of the S&P Private Equity (TR) index of 27% and a decrease in the value of the FTSE Small Cap (ex IT) index of 26%.
The fund focuses on active value investment strategies in companies up to £500m of equity value.
Marwyn invests in and works alongside operational managers with strong track records, using low leveraged “buy and build” strategies, and applying private equity disciplines to a portfolio of publicly-quoted businesses.
Since 2005 Marwyn has launched 14 companies in partnership with experienced management teams, subsequently acquiring over 50 operating businesses across a range of sectors, and has employed over £1.5bn in acquisition funding.
In each of the four years to 2010, the aggregate consideration from disposals was approximately £780m with an average internal rate of return to equity investors of 49%, the company said.
2011 also saw Marwyn extend its operationally-focused investment model to the Main Market of the London Stock Exchange with the launch of Marwyn Management Partners plc (MMP LN), a newly established acquisition conglomerate.