12th Feb 2019 13:57
LONDON (Alliance News) - Draper Esprit PLC said Tuesday it has completed the acquisition of 27% interest in Earlybird GmbH & Co Beteiligungs-KG IV and 5% in Digital East Fund 2013 SCA SICAR.
Draper Espirit, which invests in digital technology companies across Europe, raised GBP100 million for the two deals first announced in late January.
The company's investment in Earlybird cost EUR63 million, whilst the 5% stake in Digital East Fund cost USD20 million.
Shares in Draper Esprit were up 0.6% Tuesday at 515.35 pence each.
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