Italian investor Futurimpresa has made a €10m equity injection into Objectway Financial Software, a provider of software and services to the financial industry, in exchange for a 30% stake.
The company intends to direct the funding towards the acquisition of AMS Group, a firm providing outsourcing services to asset management companies and financial intermediaries. AMS Group reports a €15m...
LP has previously made investments in CVC's European funds, as well as many mid-market funds
First funding round will support the group's expansion overseas
Shares are placed at €31.60 apiece, which would bring total proceeds up to €411m
Allianz will secure a minority stake, and a representative will join the management board