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Candover Investments : CDI – Annual results

Candover’s net asset value rose by 18% to 715p over 2013. The fund’s holding in oilfield services company, Expro International, contributed most to this as its value was written up by £41m. This was offset to some extent by a £14.7m writedown in the value of Stork – which Candover are in the process of splitting into two separate companies; one focused on managed services for energy companies and the other manufacturing components for the aerospace industry. CDI also managed to refinance its US debt at the end of the year.

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