Gimv has sold its stake in French software provider Mentum to network solutions company InfoVista after a 10-year holding period.
Mentum's services will be integrated into InfoVista's product range. Returns from the divestment have no significant impact on Gimv's equity value, which was reported as €971.1m or €40.5 per share...
New combined entity will generate revenues in excess of €300m
Investment marks the fourth round of funding for the UK-based tyre replacement business
Deal marks the fund’s second transaction executed on a stand-alone basis
Backers include existing investors Capnamic Ventures and Iris Capital, as well as business angels