North Atlantic Smaller Companies Investment Trust PLC on Thursday said Harwood Private Equity Fund V has sold one of its private equity holdings, Assisi Pet Care Ltd.

NASCIT is an investor in smaller companies based in countries bordering North Atlantic Ocean. Assisi Pet Care is a Melton Mowbray England specialist in pet care and food.

On a look-through basis NASCIT invested £3.6 million over the course of three years via a buy and build investment strategy and expects to receive at the closing about £11 million.

It said that this represents an uplift on the June 30 valuation of about GB3.4 million.

Shares in NASCIT were up 1.6% to 3,627.96 pence each in London on Thursday morning.

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