TA Associates has sold its stake in M and M Direct to fashion chain Bestseller for around £140m, ending the company’s 10-year private equity involvement and dropping plans for an IPO.
CIC is also fundraising for CIC Mezzanine & Unitranche 5, which launched in September and held a first closing on €150m
Round is one of the largest venture capital deals in Germany this year
Berthoux and Desmottes join as operating partners, while Philips becomes a strategic partner
Vitrulan has acquired the business for its broader product range and to expand internationally