TIDMMHN 
 
20 November 2023 
 
Menhaden Resource Efficiency PLC 
 
(the "Company") 
 
LEI: 2138004NTCUZTHFWXS17 
 
Portfolio Update 
 
Following the completion of KKR's sale of its remaining 50% stake in X-Elio, the 
Company received a final distribution of USD 16.9 million. The investment 
delivered an aggregate return on invested capital of 2.15x in USD and 2.6x in 
GBP to the Company, and demonstrates the value of the Company's ability to 
partner with leading global private equity firms. 
 
The Company is actively evaluating new private equity opportunities. In the 
interim, the proceeds will be largely deployed in the existing public equity 
portfolio. 
 
Frostrow Capital LLP 
Company Secretary 
 
 
This information was brought to you by Cision http://news.cision.com 
https://news.cision.com/menhaden-resource-efficiency-plc/r/portfolio-update,c3878304 
 
 
END 
 
 

(END) Dow Jones Newswires

November 20, 2023 02:00 ET (07:00 GMT)

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