FRANCE - Alven generates a 40% IRR on trade sale of financial software developer
Alven Capital has sold its entire stake in middle and back-office software developer Emos Futures to its main competitor, GL Trade, a deal which generated an IRR of 40%.
The target is a Paris-based business founded in 1998. In October 2004, Alven Calpital had made a commitment of EUR 850,000 as the sole financial investor on the company’s first round of investment.
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