Foresight Venture partners has completed the £2.8m management buy-in of Heritage House Media. Foresight led the financing, investing £1.4m through its funds Foresight VCT II and Foresight VCT III, and was joined by IBIS Media VCT and Calculus Capital, who have committed £825,000 and £600,000 respectively. There was also a significant contribution from the management.
CIC is also fundraising for CIC Mezzanine & Unitranche 5, which launched in September and held a first closing on €150m
Round is one of the largest venture capital deals in Germany this year
Berthoux and Desmottes join as operating partners, while Philips becomes a strategic partner
Vitrulan has acquired the business for its broader product range and to expand internationally