Puma VCT 12 Exits Stake in Health and Wellness App Developer Tictrac.
MANews-(C)2009-2022
UK-based investment company Puma VCT 12 plc (LSE: PU12-GB) has exited its stake in health and wellness app developer Tictrac Ltd with the sale of the company to Dialogue Health Technologies Inc, the company said.
In 2020 the company invested GBP 2.145m in Tictrac.
The exit represents a 1.93x return on the company's investment, representing an IRR of 37.18%.
The resulting cash proceeds attributable to the company are not materially different from the value at which the company currently holds its investment in Tictrac.
Tictrac offers an...
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