MPS Venture has sold the combined stake of 12.86% it held in broadcasting business Finelco to industry player RCS Mediagroup Spa. The total exit value is EUR 20.7m.
First MBO in Italy for the GP, which will now start investing from its recently raised Fund VIII
Add-on comes after Mergermarket reported that the sale of Bergman had been suspended in March 2020
Trade buyer Xact was acquired by JLL Partners from Clearview Capital in 2018 in an MBO
Existing investors Novo Holdings, Morningside Ventures and Brace Pharma Capital also participate