Sitting Pretty: Chrysalis Puts £45M Into Revolution Beauty, After Fund Doubles Since 2018

by citywire.co.uk posted 1month ago 2 views
Chrysalis Investments has added to its portfolio of pre-IPO companies, which has more than doubled in value since launch. : Chrysalis Investments (CHRY) is set to add Revolution Beauty to its highly-rated portfolio of pre-IPO and fast growing companies, after the closed-end fund has doubled investors’ money in less than three years. The £1.4bn Guernsey-based investment company, which trades at a 14% premium to the last reported net asset value (NAV), has entered into a ‘cornerstone agreement’ with skincare and cosmetics group Revolution Beauty ahead of an expected initial public offering (IPO).

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