Returning backers Scottish Equity Partners (SEP), Celtic House Venture Partners and Gimv have completed a $16m series C round of funding for information communications technology company VirtenSys.
Fund has raised €1bn of its €1.1bn target and plans to hold a final close in Q1 2020
GP will take a minority stake, with the Reisenthel family as majority shareholders
Horizon expects to merge the two IT services providers to create a business with 300 developers
EQT deploys capital from its EQT VIII fund, which hit its €10.75bn hard-cap in 2018