MML Capital Partners has sold its 40% stake in UK-based landmine clearance company MineTech to German trade buyer Dynasafe Area Clearance Group, which is backed by Perusa Partners.
Deal gives the waste management and decontamination company an equity valuation of £16m
GP initially acquired a €10m loan in the Italian stationery manufacturer in June 2016
Company will use the extra funding to further develop its software platform and hire more staff
New funding will be used to focus efforts on a phase II study for the prevention of pneumonia