3i has agreed to sell its shares in Wicom to SAP. At the same time the other investors and the Wicom management are divesting their shares, hence SAP will become the sole owner of the business. Wicom specialises in IP telephony for businesses, servicing contact centres and multisite enterprises. Wicom was founded in 1999, and is based in Espoo, Finland.
Company will now operate as Aurora Lichtwerke and was sold as part of a non-core asset divestment
Canadian GP previously owned around 20% of the listed education company
French bank BPCE mandated advisers to sell the Germany-based digital banking platform in 2018
ECI is currently investing from its ECI 11 fund, which closed on £700m on July 2018