12th Aug 2014 09:04
LONDON (Alliance News) - IP Group PLC Tuesday said portfolio company Medaphor Group PLC has announced plans to raise funding and to list on AIM.
Medaphor, in which FTSE 250-listed IP Group holds a 47.5% stake, provides advanced ultrasound education and training simulators to the medical profession. It is a spin-out company from the University of Cardiff.
IP Venture Fund II LP, a venture capital fund managed by IP Group, holds a 3.7% stake in the company.
IP Group shares were up 1.1% to 189.943 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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