AMJPE exits Sureclean

Aberdeen Murray Johnstone Private Equity has successfully realised its investment in Sureclean, an industrial cleaning and environmental waste management services company. AMJPE’s 35 per cent holding in the company has been acquired by Umax Group, an international specialist welding company.

In 1998, AMJPE invested GBP600,000 in Sureclean and the total proceeds were over GBP1 million on exit. Jock Gardiner, head of investment at AMJPE, said: “The original investment in Sureclean was made in 1998 and since then we have been delighted with the progress Sureclean has made. The management team has developed the business significantly and it has been a good and profitable investment for AMJPE’s clients.”

Sureclean specialises in industrial cleaning and environmental waste management and employs approximately 45 staff. Traditionally, Sureclean’s business has been in the UK, but in the past two years the company has seized many global opportunities including projects in Nigeria, the Ivory Coast, the Congo and Equatorial Guinea.

AMJPE is a division of Aberdeen Asset Managers.