VTB Capital has sold its 10.4% stake in Luxoft, its portfolio company that listed on the NYSE earlier this year, for $95.2m, reaping a gross IRR in excess of 50%.
Parent company Reiff Group said in a statement that the sale is part of its ongoing realignment plan
Neil Bennett, previously of Beacon Rail Leasing, will be appointed executive chairman of the company
Healthtech-focused VC sees oppprtunities in the developing European market, managing director Christian Weiß tells Unquote
Paul Keen, previously CFO of ETC Venues, will join the board as a non-executive director