Reus Capital Partners has sold its stake in Fandroid, the owner of professional videogames league operator Liga de Videojuegos Profesional (LVP) to Spanish media group Mediapro.
Shares have been sold to institutional investors for €15.8 a share
Add-on is the first since LDC and Ares provided financing of £100m to the telecoms company in 2019
Acquisition of the fire safety systems provider is the first from the GP's €1.1bn eighth fund
Fresh capital will go towards increasing delivery speed and geographic footprint