UK B2B communications service Axio Data Group, owned by Electra Partners since a carve-out in 2013, has sold Asian healthcare-focused subsidiary Mims to strategic buyers SMS and Mitsui for $250m.
Practice Point's management team will stay on with the business, which will continue to operate independently
Responsibilities will include leadership of the distribution relationships in France, Italy, the Middle East and Spain1
GP is currently investing from its 2019-vintage DIF Core Infrastructure Fund II
GP also announced the refinancing of online gardening retailer YouGardem, scoring a 60% cost return