UK mid-market private equity firm Phoenix Equity Partners has divested its majority stake in London-based Precise Media to Kantar Media, a media research and analytics business.
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