Azini 1, a fund managed by Azini Capital Partners LLP, has purchased all the 84.6% limited partnership interests in Lynx Capital Ventures LP (Lynx)
Azini 1, a fund managed by Azini Capital Partners LLP, has purchased all the 84.6% limited partnership interests in Lynx Capital Ventures LP (Lynx) owned by Bear Stearns Capital Corp.
In a parallel transaction Azini has also acquired all of Lynx Capital Ventures GP Limited from Bear Stearns Asset Management Inc. After a short transition period Azini Capital Partners LLP (which is authorised and regulated by the FSA) will become the new manager of the Lynx fund, which is currently managed by Bear Stearns Asset Management Limited in London.
Lynx was established in 2000. It is a EUR 36m fund and now holds investments in the following five companies:
- Investis – the specialists in providing online corporate communications services to listed companies across Europe – www.investis.com
- OB10 – the global electronic invoicing network – www.ob10.com
- iForce – the UK’s leading provider of fulfilment and returns management solutions for leading high street and internet retailers- www.iforcegroup.com
- Shazam – the world leading provider of over the air / via the internet music recognition technology – www.shazam
- Aim Technology – contact centre performance management software – www.aimtechnology.com
Commenting on the transaction Kenneth Ibbett of Bear Stearns Asset Management Limited, the current manager of the Fund and a subsidiary of JP Morgan Asset Management, says, “We are delighted with Azini’s purchase and their taking on the management of the Lynx portfolio. We have found them a very professional team and believe the development of the fund’s portfolio companies will be well served by Azini to the benefit of all LPs.
Azini Capital specialises in acquiring individual or small portfolios of shareholdings in private and public technology companies where liquidity might otherwise be difficult to achieve.
