In late July an investee of ours, Cool Clear Water, was sold for $60 million to UK-based Waterlogic.The Cool Clear Water sale regonises the successful growth of the business in partnership with our firm. In 2008, we acquired a significant stake in the point-of-use company for $7 million.

In September, our investee, Croissant Express, was sold to a Singapore based consortium backed by the former Managing Director of Hungry Jacks.