Advertisement

ARC Capital sells stake in Goodbaby International

Closed-end investment company ARC Capital has sold its stake in the Hong Kong-listed company Goodbaby International.

Closed-end investment company ARC Capital has sold its stake in the Hong Kong-listed company Goodbaby International.

Together with a small realisation in November 2010 during its public listing, Arc Capital's investment in Goodbaby International realised a total of $64.5m, representing an IRR of 18.23% and a gross cash multiple of 2.8 times.

Advertisement - Article continues below

In 2006, Arc Capital invested $23.9m for a 25.3% ownership stake in the Goodbaby Group which would later be reorganised into two separate businesses, Goodbaby International, comprising the design, manufacturing and international branded sales businesses and Goodbaby Private, the domestic retailing platform.

Goodbaby International was publicly listed on the Hong Kong stock exchange in November 2010 and Arc Capital's board approved a plan to sell down its stake in Goodbaby International in September 2012. Arc Capital continues to hold its minority stake in Goodbaby Private which was valued at $3.5m on September 30th.

Rachel Chiang, Managing Partner of ARC Capital Partners, said: "Goodbaby was one of the first investments ARCH [Arc Capital] completed when it was launched in June 2006, and we are pleased to have been part of Goodbaby's significant growth over the years and its successful public listing."

The group stated that the proceeds of the sale would be distributed to shareholders in the near future.

Arc Capital's share price was up 5.57% to $0.59 at 14:28.

MF

Advertisement
Advertisement

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Three ideas for Lloyds Bank's new boss
UK stockmarkets

Three ideas for Lloyds Bank's new boss

The Black Horse needs whipping into shape. A change at the top provides a great opportunity, says Matthew Lynn.
12 Jul 2020
We’re spending more than at any time since World War II – how will we pay it back?
UK Economy

We’re spending more than at any time since World War II – how will we pay it back?

With the UK spending vast sums on stimulus measures, this year’s budget deficit will be greater than at any time since World War II. The big question,…
14 Jul 2020
Why the moving average is my favourite charting tool
Sponsored

Why the moving average is my favourite charting tool

Traders and technical analysts use "moving averages" to iron out daily fluctuations and give a much clearer picture of a market's direction. Dominic …
13 Jul 2020