Gamma Capital Partners have extended funds

Gamma II and ILAB 24 have both been extended until 2012/13. GCP states that 10 portfolio companies have not hit expected growth targets and it would be a costly mistake to sell the companies in the current market

Venture funds Gamma II had a target of €25m and ILAB 24 of €20m. The funds should have been closed at the end of 2010. GCP is focused on financing technology companies in Austria, Germany, Switzerland and the CEE countries.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Diana Petrowicz on +44 20 7004 7505 or diana.petrowicz@incisivemedia.com

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