Early-stage investor Finance Wales has exited from its £125,000 investment in Abriox, a manufacturer of products for the gas and petro-chemical industries.
Early-stage investor Finance Wales has exited from its £125,000 investment in Abriox, a manufacturer of products for the gas and petro-chemical industries.
South Wales-based Abriox provides oil and gas companies with equipment to monitor the condition of their transmission and distribution networks. The investment from Finance Wales was used to support the Abriox system in the UK and its expansion into international markets.
Finance Wales made a profitable return on its investment, with an IRR of between 25-30 per cent.
Nicola Griffiths, portfolio executive at Finance Wales, said: ‘Abriox is a good example of a business that required investment funding to expand. We tailored a package to suit the company’s growth ambitions and now its management team is in a position to buy back our shareholding at a mutually agreed price and drive forward with further growth.’
