Eight Roads Ventures has sold its stake in German online games developer InnoGames in a deal valuing the company at €260m.
The acquirer, Swedish media group MTG, bought a 35% stake in the business, with an option to increase its stake to 51%. The 35% stake is being acquired in two tranches: 21% in Q4 2016 and 14% in Q1 2017....
Venture capital firms originally invested in the company in 2011 and 2014 respectively
Fund manager Quaestus exits its stake in the Croatian business after an eight-year holding period
Proposed deal for the aluminium profiles manufacturer comes just two years after Advent's acquisition
Deal marks first investment by small-cap buyout fund Crescendo, which held a €42m first close this year