Bahrain-based alternative investment firm Investcorp will sell its majority stake in Shine: an European unicorn platform for SMEs.
The sell-off to Cegid, a cloud management and AI solutions business majority owned by Silver Lake, will go through its subsidiary: Investcorp Technology Partners (ITP).
The Danish based Shine is a provider of integrated digital solutions for SMEs across accounting. Customers are based in Europe yet it’s former backer, Investcorp, is based in Manama.
The selloff is subject to regulatory oversight.
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