Da Vinci Capital Management (DVCM) has acquired a 63% stake in Russian online broker IT Invest and increased the company’s capital to RUB 350m.
Company has so far added on three companies and used its cashflow to acquire them
Responsible & Sustainable Corporate Turnaround Fund intends to support the recovery of Italian companies
Sale ends a three-year holding period for the GP, which invested in the company via its seventh fund
Ireland-based enterprise procurement software company is also backed by Paua Ventures