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...
GPs will support the group's expansion and focus on digitalisation
Fresh capital will be used to improve the platform's technology and expand the company's trader network
Exiting investors reap a 1.7x multiple and 20.5% IRR following the sale
EBRD and Global Finance exit the business after investing €23.5m in 2011