Enterprise Investors has sold its remaining stake in AVG Technologies, a Dutch antivirus software firm that listed in January 2012, through a series of placements on the New York Stock Exchange.
The GP is believed to have generated a 12x return through its final sale of AVG shares, which is the highest exit multiple ever achieved by the firm. It also represents the most successful exit for the...
Double closings are first vehicles raised by fund-of-funds since 2013
Paladin also participated in the round to support the company’s US expansion
Exit is first for GP’s second fund and comes eight years after investing in PDP
Deal sees firm reap combined €96.3m in proceeds and 1.3x exit multiple