Molten Ventures to exit Perkbox investment

18th Mar 2024 07:11

(Sharecast News) - Venture capital firm Molten Ventures updated the market on its investment in Perkbox on Monday, after Great Hill Partners announced the merger of Vivup and Perkbox as well as an infusion of investment from the growth equity firm.

The London-listed firm said that as a result, pending approval from the Financial Conduct Authority (FCA) for the change of control, Molten would divest its stake in Perkbox.

Benefits and reward platform Perkbox had been under Molten's portfolio since its initial investment in 2016.

It is currently positioned just outside the core portfolio in its reporting, and Molten reported that the transaction placed Perkbox's valuation slightly above Molten's holding value within the group.

At 0905 GMT, Molten Ventures shares were down 1.49% at 252p.

Reporting by Josh White for Sharecast.com.

Top Risers

Share	Price	Change
Xaar (XAR)	124.00	7.83%
Heiq (HEIQ)	14.00	7.07%
SolGold (SOLG)	9.39	5.98%
IMI (IMI)	1,994.00	5.95%
Ashtead Technology (AT.)	889.00	5.58%

Top Fallers

Share	Price	Change
Victrex (VCT)	1,210.00	-7.91%
Reach Plc (RCH)	76.00	-7.32%
Serco (SRP)	170.30	-6.22%
Rentokil Initial (RTO)	401.80	-5.99%
Sage Group (SGE)	1,022.00	-5.76%

Top By Volume

Share	Price	Volume
Scirocco Energy (SCIR)	0.25	18,638,814
Haleon (HLN)	329.00	250,000
Mondi (MNDI)	1,596.50	51,597
Invesco Sel. Gl (IVPG)	272.00	45,804
Aura Egy (AURA)	10.00	30,000

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.