Graphite Capital Management LLP acquired Wonderbly from Forward Partners Group plc (AIM:FWD) on July 27, 2021. JEGI CLARITY provided both M&A and Debt Advisory services to Graphite Capital Management LLP.

Graphite Capital Management LLP completed the acquisition of Wonderbly from Forward Partners Group plc (AIM:FWD) for £5 million on July 27, 2021. The proceeds from the divestments including the sale of Wonderbly will be reinvested in Forward Ventures and Forward Advances, in line with the IPO strategy. The total cash return from the Wonderbly investment, including £0.5m from a partial sell-down in 2015, stands at £3.3m, valuing its stake at 0.98x the carrying NAV held at 31 March 2021. It represents a 13.1x cash on cash return and 103% IRR. Sam Turvey and Kate Pledger from Maitland/AMO served as a financial public relations advisor for Forward Partners. Neil Patel, Lauren Kettle, Edward Phillips and Cara Murphy from Liberum Capital Limited served as a nominated advisor and broker for Forward Partners. Tom Try and Pippa Byrne of Osborne Clarke LLP acted as a legal advisor to Lostmy.name Limited.