An unknown buyer acquired MiExact Limited from Wilmington plc (LSE:WIL) for an enterprise value of £9.6 million on February 1, 2024. The consideration consists of £6.6 million of cash on completion and £3 million of loan notes with a 7% coupon, deferred for up to three years. For the year ended 30 June 2023, MiExact had gross assets of £20.5 million and reported a profit before tax of £1.1 million. The business will continue to be run by the existing management team, led by Managing Director Polly Avgherinos, backed by Foundation Investment Partners.

An unknown buyer completed the acquisition of MiExact Limited from Wilmington plc (LSE:WIL) on February 1, 2024.