3i, InnovationsKapital and smac partners have sold Nordnav, a provider of GPS software solutions for mobile devices, to Camebridge Silicon Radio. The purchase price for all shares in the company is approximately $75m and InnovationsKapital has generated an 8x money multiple on its investment.
Existing investors including Softbank and Lakestar reinvest in the tourism booking platform
Andera has reinvested and Prenax has acquired LM Information's subscription management business
Sale ends a six-year holding period for KCP, which backed the company with a £3.3m investment
Danish internet company could reportedly be listed at a valuation of $1bn