Invest AG, the private equity arm of Raiffeisen Banking Group Upper Austria, has agreed to buy Philips' Speech Processing unit.
Sale ends a three-year holding period for Naxicap Partners, which created the company in 2014
Deal for educational tour provider is the fourth investment from the GP's third buyout fund
Irdi Soridec Gestion, Galia Gestion and the company’s previous investors also take part
Fresh capital will be used to scale up the company's customer acquisition and increase its depth of service