Lloyd Energy Systems was formed to further develop and commercialise the Energy Storage technology established by Australian scientist Robert Lloyd. SPEL’s investment was made through a convertible note. SPEL chose not to exercise its conversion rights in this case.
| Year of Investment: | 2005 |
| Year of Disposal: | 2006 |
| Amount Invested: | $0.6M |
| Amount Realised: | $0.63M |
| Investment Timeframe*: | 5.5 months |
| Gross IRR Achieved: | 12.0% |
| Return Multiple: | 1.05x |
* All investment timeframes have been quoted from the initial investment date
