Frankfurt am Main-headquartered Borromin Capital (formerly known has Steadfast Capital) has announced that it has generated gross returns of 3.1x invested capital and a gross IRR of 37% for Borromin Capital Fund III.
GP intends to acquire a stake in acquirer Dustin, which Altor listed in 2015
According to Borsen, the GP's stake is more than 35% and that the deal valued Luxion at almost DKK 1bn (€134.5m)
Fund enables Phoenix to build portfolios with exposure to venture capital investments for its policyholders
Cathay and Seaya expect to build synergies and further develop their complementary expertise