Banexi Ventures Capital has invested in review collection and publishing site Reevoo alongside existing investors. This is the second institutional round of funding for the company, following on from an investment in 2006 from a consortium of investors and a seed funding round from angel investors in 2005.
In addition to Famar Italia, the Italian subsidiary of Famar, the deal also includes Famar Properties
There are reportedly concerns over the accessories distributor's revenues in the wake of coronavirus
Deal will see minority shareholder Arctos Equity Partners exit the business
Sale ends a four-year holding period for the GP, which invested in the company via its first fund