Alan MacKay from Hermes GPE talks to unquote's Kimberly Romaine about private equity performance, and warns GPs to be cautious and ensure potential LPs can meet their commitments.
GP takes a minority stake in the IT service, while the management team remain on board
Existing investors E.Ventures and Heartcore also participate in the funding round
Transaction involves four remaining assets, including Genesys, eDreams and Asia Broadcast Satellite
Existing investors Velocity Capital, Industrifonden and Frumtak also participate