Iris Capital has led a EUR 22.5m second round of funding in Erenis, France’s largest optical fibre operator firm. AGF Private Equity and Crédit Agricole Private Equity have co-invested in the firm, alongside existing investor Net Partner.
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