Mercia Fund Managers has taken part in a funding round for UK-headquartered electric motorcycle startup Arc.
TCA forms part of the shareholding of France-headquartered asset manager Tikehau Capital
MD Start, which is a group of three funds, was started by Sofinnova Partners in 2010
Sale ends a four-year holding period for the GP, which bought the company via its BCPE Fund II
Fund has a growth equity strategy, and enables the firm to make minority investments of $50-150m