Two realisations in a month for Wealth Club investors – textile distributor, Whyte & Ivory and Tesco Supermarket in Lincolnshire
Wealth Club is delighted to announce realisations from two investments arranged by Seneca in the space of a month, returning capital and profit back to investors.
August saw the £10 million sale of a purpose-built store fully let to Tesco, delivering c.20% profit in less than two years. Wealth Club members invested alongside Seneca to fund the initial £8 million purchase.
In addition, the first Management Buy Out (‘MBO’) ever backed by Wealth Club members, specialist textile wholesaler Whyte & Ivory, was successfully refinanced last month following record sales growth. This saw Wealth Club investors’ loan notes repaid in full with interest. Investors also retain their equity interest in Whyte & Ivory which provides the opportunity to realise further profits on exit.
Alex Davies CEO and Founder of Wealth Club commented: “In the last three years Wealth Club investors have backed four buy outs, investing just under £3 million in total and have also invested £2.8 million in property deals to date.
Whyte & Ivory was our very first Buy Out investment and we are delighted with the outcome for our clients. Within three years, our investors have had all their capital returned with interest from this Seneca arranged investment. Wealth Club investors also have the prospect of making strong capital gains from the eventual sale of their equity interest.
With the Tesco deal, securing a successful exit in uncertain times is impressive and we are delighted to secure a profitable and quick turn on investors capital.”
