IN BRIEF: Mercia Asset Management sells Intechnica for GBP14.5 million
(Alliance News) - Mercia Asset Management PLC - Warwickshire, England-based, regionally-focused asset manager - Sells IT and technology consulting services company for private equity firms Intechnica Holdings Ltd to Crosslake Technologies LLC for GBP14.5 million. Says it held a 26% direct holding in Intechnica at the point of sale and will receive cash proceeds of GBP3.7 million. This will generate an internal rate of return of 27% and 1.7 times on its current holding value. Read More