VC opens up new frontier
Article Date: Dec 16 2005
Frontiers Capital, the IT and communications-focused venture capital group, has assumed control over several new investments through the acquisition of rival Vesta’s entire portfolio.
As a result of the deal, Frontiers can now claim stakes in leading in-flight magazine publisher INK and designer of electro-conductive materials Eleksen amongst others. ‘The Vesta portfolio comprises some high quality assets with significant growth potential,’ Nigel Spray, of Frontiers explains. ‘We believe we can add value for investors in the fund over the next two to three years.’
Although specific details of the transaction have not been disclosed, Frontiers has confirmed it received financial backing from Acris, a Paris-based secondary investment group with stakes in around 180 private equity funds worldwide.
