Exited

Since 2003, we have successfully exited from a broad range of businesses, delivering exceptional growth and returns across a wide range of sectors.

Business description

Mettoni was a provider of unified communications software.

Story

Mettoni Group plc was an AIM listed company that became financially distressed at the height of the dot com crisis that followed the technology sector crash in 2001. Root Capital worked with Mettoni’s management and other investors to acquire the most successful division from the parent through a pre-packaged administration.

Outcome

We turned the business around rapidly, increasing profitability and returning Mettoni to growth. We then invested significantly in further product development and strategic bolt-on acquisitions.

Exit outcome

We sold Mettoni to a larger telecoms group. The eventual sale, when combined with dividend payments along the way, gave investors an overall return greater than 10x.