Insurance services specialist Phoenix Group has launched its first venture capital fund, Phoenix Venture Capital Partners, with an initial allocation of £100m.
Sabina Wizander returns to Creandum as partner after spending four years at portfolio company Kry
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