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...
Venture capital firms originally invested in the company in 2011 and 2014 respectively
Fund manager Quaestus exits its stake in the Croatian business after an eight-year holding period
Proposed deal for the aluminium profiles manufacturer comes just two years after Advent's acquisition
Deal marks first investment by small-cap buyout fund Crescendo, which held a €42m first close this year