Vodafone Sells Invitation Digital Limited Back to Founders
15 Gennaio 2018 - 4:12PM
Dow Jones News
By Oliver Griffin
Vodafone Group PLC (VOD.LN) said Monday that it has sold
Invitation Digital Limited, the owner and operator of Vouchercloud
and Giftcloud, to Cloud Savings Company Limited for an undisclosed
amount.
Cloud Savings Company said it acquired Invitation Digital in a
management buyout from Vodafone, thereby putting Invitation Digital
back into the hands of original founders Scott Davidson and Greg Le
Tocq.
Vodafone first bought into Invitation Digital in 2011, before
becoming the majority shareholder of the company in 2012.
Cloud Savings Company said that the transaction was funded by a
debt facility provided by Perwyn LLP.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
January 15, 2018 09:57 ET (14:57 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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