GED Iberian Fund has sold 4.1% of Corporación Dermoestética for EUR 15m through the company’s recent IPO. GED has trebled the value of its initial stake and achieved IRR of 40% on the investment.
Fund has raised €1bn of its €1.1bn target and plans to hold a final close in Q1 2020
GP will take a minority stake, with the Reisenthel family as majority shareholders
Horizon expects to merge the two IT services providers to create a business with 300 developers
EQT deploys capital from its EQT VIII fund, which hit its €10.75bn hard-cap in 2018