Nordic private equity firm Reiten & Co has sold Norwegian IT company Basefarm to US-based ABRY Partners.
As evidenced by the recent VistaJet and Pattonair deals, PE is increasingly looking at the aviation and aerospace sectors for opportunities
New managing director is joining from her previous role at Axa Investment Managers
Backers in the round include angel investors from the US, France and Finland
Content management platform will invest in product development following the deal