Swedish GP Adelis Equity Partners has sold its majority stake in Danish IT service IT Relation to private equity firm Hg.
DCI’s bolt-on of communications specialist Retis follows the acquisition of Lhexian last year
Exit delivers a 2x return on YFM Equity Partners' original £9m investment, made in September 2013
GP plans to hold a final close in H1 2019, sets target at €120m and hard-cap at €150m
Children's media production group will look to make acquisitions following the deal