Imdex is a global drilling products and services company listed on the Australian Stock Exchange. Imdex services the mining, oil and gas, water well and civil industries. SPEL invested in Imdex through an equity capital raising designed to fund Imdex’s acquisition of the Samchem, Reflex and Chardec businesses.
| Year of Investment: |
2005 |
| Year of Disposal: | 2007 |
| Amount Invested: | $3.7M |
| Amount Realised: | $10.3M |
| Investment Timeframe*: | 16 months |
| Gross IRR Achieved: | 174.1% |
| Return Multiple: | 2.74x |
* All investment timeframes have been quoted from the initial investment date
