UK venture capital firm Draper Esprit has taken a 30.77% stake in Elderstreet Holdings, the holding company of Elderstreet Investments, which is listed on the London Stock Exchange.
The deal includes an option to acquire the balance of Eldestreet's shares "in due course," Draper Esprit said in a statement. Elderstreet manages Elderstreet Venture Capital Trust (VCT), which focuses...
Deal marks the second bolt-on for the business, following the acquisition of Swiss diagnostic imaging provider IRD
Deal marks the second investment made from the GP's 2016-vintage sixth vehicle, which closed on £660m
Acquisition is the company's first out of two planned for this year with ActoMezz's backing
Total commitments for the fund fell some way short of the vehicle's €350m target and €400m hard-cap