Central and Eastern European investor Royalton Investors has acquired a 93% stake in Polish paid parking zone business COOL AR. The deal was done thorough ACTIV Parking Holdings, a Czech parking operator Royalton acquired in January 2009. Together the two manage more than 40,000 parking spaces, and intend to grow through further acquisition, particularly in Hungary and Romania. Cool's management team will stay on board following the deal.
While 2019-2020 saw DBAG's NAV fall by 5.8%, the GP expects to increase PE investments in the coming years
Startup was founded last year and has reportedly raised $8.2m so far
Kinnevik joins new investors Piton Capital, BurdaPrincipal Investments and VNV Global
France-based telemedicine startup intends to use the fresh capital to expand its domestic presence