Provider Venture Partners has sold their stake of Drutt, a software company, to Ericsson. The value of the deal is not disclosed but it is valued to be around SEK 350-400m, with Provider Venture Partners securing a 5x money multiple. Drutt Corporation provides Mobile Service Delivery Platform (MSDP) solutions to mobile network operators.
Deal includes three manufacturing facilities located in Spain, which employ around 140 staff
GP acquired the care home group from Swiss Prime Site and will be the company's sole shareholder
Iris, Idinvest and historical backers invest in the manager of the eponymous social media app
GP uses its Mérieux Participations 3 fund, which held a first close on €200m in 2018