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....
Deal marks the second bolt-on for the business, following the acquisition of Swiss diagnostic imaging provider IRD
Deal marks the second investment made from the GP's 2016-vintage sixth vehicle, which closed on £660m
Acquisition is the company's first out of two planned for this year with ActoMezz's backing
Total commitments for the fund fell some way short of the vehicle's €350m target and €400m hard-cap