IP Group PLC Portfolio company Garrison acquired by Everfox
12 Junio 2024 - 7:06AM
RNS Regulatory News
RNS Number : 1836S
IP Group PLC
12 June 2024
![](https://dw6uz0omxro53.cloudfront.net/3075280/3ad7131a-6643-4359-ac99-fae77925e29e.png)
FOR
RELEASE ON
|
12 June
2024
|
IP Group
plc - Portfolio company Garrison acquired by Everfox
IP Group plc (LSE: IPO) ("IP Group"
or "the Group"), which invests in breakthrough science and
innovation companies with the potential to create a better future
for all, is pleased to note that portfolio company Garrison
Technology Ltd ("Garrison") has been acquired by US-based
cybersecurity firm Everfox (formerly
Forcepoint Federal).
The Group will receive cash
consideration for its holding in Garrison. The transaction will not result in a significant change in the
Group's Net Asset Value, reinforcing the
Group's valuation approach. Further information on the transaction
will be provided in due course.
The transaction is subject to
regulatory review and customary closing conditions and is expected
to complete this summer.
For
more information, please contact:
IP Group
plc
|
www.ipgroupplc.com
|
Liz Vaughan-Adams, Communications
|
+44 (0) 20 7444 0062/+44 (0) 7967
312125
|
Portland
|
Alex Donaldson
|
+44 (0) 7516 729702
|
Notes for editors
About IP Group
IP Group accelerates the impact of science for a better
future. As the most
active UK
based, early stage science
investor, we
develop and support some of
the world's most exciting businesses in deeptech, life sciences and cleantech (led by
Kiko Ventures). Through Parkwalk, the UK's
largest growth EIS fund manager, we also back world-changing
innovation emerging in leading universities and research
institutions. Our
specialist investment team combines sector expertise with an
international approach. Together we have a strong track record of
success, having backed high-profile companies including Oxford
Nanopore Technologies plc, First Light Fusion, Hysata, and Oxa. IP
Group is listed on the Main Market of the London Stock Exchange
under the code IPO. For more
information, please visit our website at www.ipgroupplc.com.
ENDS
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