Three cheers as PHD-backed firms celebrate record year

Three cheers as PHD-backed firms celebrate record year

Fund 2 performing strongly and details of Fund 3 to be unveiled soon

As PHD Equity Partners prepares to celebrate its 12th anniversary this weekend, we are delighted to announce that three of our companies are enjoying their best ever year:

  1. Technikraft – the specialist chemical manufacturer – achieved record sales, fuelled in part by its investment in production facilities for the manufacture of hand sanitiser and industrial disinfectants.
  2. Hardware specialist Olympic Fixings is benefitting from the surge in DIY and home improvements as families spend more time at home.
  3. Similarly at Teaching Art, the art supplies business which also runs the SAA artists’ club, sales to consumers have risen by 33% due to increased interest in arts and crafts hobbies.

They are amongst six companies backed by the PHD Fund 2, the £20m fund raised in 2014. It continues to perform strongly and in October made its largest ever return of £2m to investors – equivalent to 10% of capital even before sales of any businesses have been realised.

We believe the success is not only due to the firms’ ability to take advantage of market trends but also prudent financial management, low levels of debt and investment in technology to improve efficiencies.

Fund 2 follows on from the success of Fund 1, which generated a 21.6% net IRR and 2.4 money multiple for investors (after fees and carried interest), and the PHD DPM Debt Fund, a high-yield debt fund which achieved a 27% net IRR.

For investors looking for future returns, we have exciting news as we will soon be revealing details of PHD Fund 3. Register your interest now – email and be the first to hear about it.

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