French GP Astorg has held a first and final close on €4bn for Astorg VII, surpassing the initial target of €3.2bn after three months on the fundraising trail.
GP takes a minority stake in the IT service, while the management team remain on board
Existing investors E.Ventures and Heartcore also participate in the funding round
Transaction involves four remaining assets, including Genesys, eDreams and Asia Broadcast Satellite
Existing investors Velocity Capital, Industrifonden and Frumtak also participate