Azini Capital has completed the sale of its interest in Investis Ltd to the company’s management, in a £25million buyout backed by Gresham Private Equity. In addition, Investis also announced that it has entered into an agreement to acquire Morningstar Investor Relations Services, formerly Hemscott IR.
Headquartered in London, Investis is Europe’s leading specialist in digital investor relations and corporate communications for public companies. Investis works with over 1,000 companies in 30 countries including more than half of the FTSE 100. Services include corporate websites, social media solutions, apps and mobile sites, video and webcasting, website tools and integrated online reporting.
Specialist direct secondary investor Azini Capital became the largest shareholder in Investis through its acquisition in late 2008 of Lynx Capital Ventures, owned by Bear Stearns Capital Corp / JP Morgan. Azini Capital subsequently increased its stake in the company via the acquisition of shares from bEurope, one of the original founders of Investis.
Paul Hill of Azini Capital commented “The sale of Investis is an excellent result for Azini Capital and represents the eighth significant portfolio company sale in the past 2 years. We would like to take the opportunity to thank the Investis team for their help and support throughout the sale process”.
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