Invest AG, the private equity arm of Raiffeisen Banking Group Upper Austria, has agreed to buy Philips' Speech Processing unit.
The deal remains subject to regulatory approval and is expected to close in Q2 2012. Upon completion, the company will trade under the name Speech Processing Solutions GmbH. The sale of the unit was...
Fund's predecessor, Capzanine 3, also closed on its €350m hard-cap in 2013
Deal marks the second acquisition for the GP’s third vehcle, Quadrivio Private Equity Fund 3
Deal follows a similar investment in the oil exploration business earlier this year
Adveq invests €10m, while HPE Growth Capital provided the initial €20m in May