The Capital Fund has provided secure instant messaging service provider, Presence Networks, with £250,000 of expansion capital. One of a series of significant investments in Presence Networks, The Capital Fund’s backing will help take the company’s products to market, and develop sales and marketing capabilities.
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