Ailleron gains momentum by significantly recapitalising Software Mind along with Enterprise Investors
Ailleron, the leading Polish provider of state-of-the-art technological products and services, and Polish Enterprise Fund VIII, a private equity fund managed by Enterprise Investors (EI) entered into a preliminary agreement for sale of shares and investments in Software Mind. The transaction assumes separation of the entire segment of Ailleron s activity - Enterprise Services for Software Mind (after a consent from the General Meeting of Shareholders of Ailleron). The value of the separated business segment has been calculated at PLN 150 million (221 million after funds are contributed). Enterprise Investors will purchase 26.7% of Software Mind shares from Ailleron for PLN 40 million, and then recapitalize the company with the amount of PLN 71 million, which will increase the fund s share up to 50.2%.