Secondaries specialist Kline Hill Partners held a second and final close for Kline Hill Partners III on $450m in April, with the fund already 40% deployed following several post-lockdown investments, managing partner Mike Bego told Unquote.
Navigation and travel app was bought by Parity.com subsidiary Daegu for around €16.65m in 2020
French VC first invested in the dating app in 2015 via its first Partech Entrepreneur fund
Hg and the company's management team reinvest in the transaction as minority shareholders
Montagu Private Equity acquires companies with enterprise values of €200m-1bn