JPEL collects $29m from Accela acquisition
Guernsey-based private equity firm JPEL announced on Wednesday that it had received an internal rate of return (IRR) of roughly 35% as a result of Berkshire Partners' acquisition of governmental software group Accela on 29 September.
Equity Investment Instruments
11,688.16
08:10 26/04/24
0.64%
74.80
JPEL Private Equity Limited USD Eqty Shs NPV
$0.89
16:50 25/04/24
0.00%
$0.00
Accella, which represented 8% of JPEL's private equity investments, was JPEL's third-largest underlying investment and resulted in the company collecting approximately $29m, making an investment return around 2.05x.
As of 1005 BST, JPEL shares had dropped 0.55% to 1.36p.