Apax Partners has ended talks with Escada AG about a potential acquisition. Talks had been ongoing for some months and Apax had been granted limited access to the company's financial records.
Danish VC Heartcore Capital, UVC Partners and existing investor Picus Capital also take part
Deal is an extension of the $4.1m series-A funding round led by Blossom Capital in October 2019
Fresh capital will help the provider of cloud access services expand in western Europe
DBay has also negotiated a new revolving credit facility for the transport and logistics company