Lugard Road Capital and Luxor Capital Group have led a €450m series-F round for Spanish delivery platform Glovo.
Media report values the business at $1.16bn, with the two GPs buying their stake for $600m
Listing of the open-source enterprise software business is expected on 19 May 2021
Hydraulic cylinder producer is the third deal of 2021 from the GP's Enact strategy
BaltCap's exit comes seven years after the GP acquired a 75% stake in Ecoservice for €16.4m