#10 We made good returns, which are now being reinvested
We finished the year with the exit of our investment in Essex-headquartered Molecular Products Group, a leading manufacturer of advanced chemistry-based products serving the healthcare, defence and industrial markets. MPG was acquired by a private equity firm, resulting in a great return for the McKernan family (the founders) and all shareholders. BGF's £4m investment, provided in September 2014, helped the company to move into its new facility in Harlow, invest in new plant and equipment and accelerate its global expansion. Our long-term funding structure means that the cash-on-cash return we have made from this deal will to be reinvested in other growing companies over the next few years.