GECAD sells its majority stake in Avangate to California based Francisco Partners
Wednesday, October 9, 2013
GECAD Group has announced the sale of 100% of international ecommerce solutions provider Avangate to California based private equity firm Francisco Partners, for an undisclosed amount. Francisco Partners a leading private equity firm with more than USD 7 billion under management, intends to inject fresh growth capital in the business to fuel further expansion, product development and ...