Graphite Enterprise has released its results for the year ended 31 January 2014. Over the year its net asset value rose by 7.2% as they harvested £118m from the portfolio, helped by a £14m contribution from the sale of Alexander Mann (the recruitment company) – this deal added £6m to the net asset value. They reinvested £90m during the year, also making a £100m future commitment to Graphite Capital’s latest buy-out fund. The share price rose by 15.7% as the discount narrowed. By contrast the FTSE All-Share returned 6.4% over the same period.
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