Draper Esprit Completes Stake Acquisitions Into Two Technology Funds

LONDON (Alliance News) - Draper Esprit PLC said Tuesday it has completed the acquisition of 27% ...

Alliance News 12 February, 2019 | 1:57PM
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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.

By Paul McGowan; paulmcgowan@alliancenews.com

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Draper Esprit PLC 460.00 GBX -5.93 -
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