ACE Management and 123Venture have invested EUR 3m in the third round of funding for VoIP software developer Tetco. ACE Management invested on behalf of Advance Capital Europe, UFF Innovation III and Financière de Brienne.
Investindustrial sells its remaining stake of 4.12% in the company, fully exiting the investment
Following the deal, CCV Schweiz will be integrated with Concardis Schweiz, which is part of Nets Group
Minority shareholder IMS Capital has also filed for insolvency; Getnow is now seeking new investors
Exit from Rutland Fund III realises a return of 5.7x on the original cost of the investment