A profitable return for West Hill introduced investors as SOBC Holdings Plc is sold to Sandell Re
West Hill Capital is delighted to announce a profitable exit for our clients from SOBC Holdings plc. SOBC is a specialist insurance business that was established to acquire non-life insurance companies in run-off.
The transaction represents a satisfactory result where our investors received an IRR of over 15% pa within 2 years from the date of investment.
Andrew Galloway of West Hill who personally invested into SOBC on the same terms as external investors commented;
‘We are pleased to have finalised a profitable exit from SOBC Holdings, given the change in strategy and capital requirements. SOBC is just one of a number of interesting financial services businesses in the West Hill Capital portfolio that we look forward to adding to throughout the course of the next 12 months and beyond’
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