Vespa invests in Lumi MBO

Financial details of the transaction remain undisclosed, though the GP typically invests in companies with enterprise value of €15-75m.

Vespa is currently investing from its second fund, which held a final close on £120m in January 2017, according to unquote" data.

Company
Headquartered in London and founded in 1991, Lumi develops interactive software for live events. Its products enable organisers to register delegates, carry out live polls and link video displays with bespoke mobile apps tailored specifically for an event.

The company generated a turnover of £12.3m in 2015, according to publicly available documents, with an operating loss of £3.6m.

People
Vespa Capital – Nigel Hammond (partner).
Lumi Technologies – Richard Taylor (CEO).

Advisers
Equity – DLA Piper (legal); BDO (financial due diligence); Plural Strategy (commercial due diligence).

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