ITALY - Cdb Web Tech sells its entire venture capital interest to Pantheon

Italian investment company Cdb Web Tech has signed an agreement to sell its entire interest in venture capital funds. The company will sell its holdings in 90 of the 98 venture capital funds in which it has invested to the London-based Pantheon Ventures for $310m, of which the payment of $104m will be deferred to 14th December 2007. The purchaser will take on the residual commitments with the venture capital funds for a total of approximately $180m.