DN Capital, the international early stage and growth equity investor and backer of leading global digital media companies such as Shazam, Digital Chocolate, OLX and Endeca, has completed the sale of portfolio company Datanomic to Oracle Corporation.
DN Capital was a significant shareholder in Datanomic and the only institutional investor. Following this transaction, DN Capital’s second fund (DN Capital GVC II), which made its first investments in 2008, has already paid back the vast majority of invested capital and is showing clear top quartile returns to investors.
DN Capital Managing Partner and Datanomic Board Member, Nenad Marovac, says: "We are very proud to have been associated with Datanomic, a great example of a global technology leader coming out of the UK. We have supported the company for several years and the Datanomic management team have been a pleasure to work with. The fact that Oracle as a leading multinational corporation has now become a major shareholder is a confirmation on the quality of the product and team. We wish them every success in the future."
Following the sale of OLX to Naspers in August 2010, the sale of Datanomic to Oracle is the fifth exit for DN Capital GVC II. This is also the seventh exit for the DN Capital Group in the last 14 months. In addition, DN Capital has made six new investments in the last twelve months and added key operating executives to its advisory team.
