Genesis Private Equity Limited ‘GPE’ is pleased to announce the Special Purpose Vehicle (‘SPV’) it formed to own a stake in TracMap Holdings Ltd (‘TracMap’) has lifted its share in the business to over 30% for an undisclosed sum.

The purchase of additional shares (taking its holding up from ~ 24%) was recently completed after some other existing shareholders indicated a desire to sell-down their interests for reasons unrelated to TracMap.

GPE managed the transaction with the SPV involving the main fund it manages, Genesis Private Equity No.1 Fund LP, and a range of qualifying co-investors.

GPE’s appointee Directors John Rolleston and Garry Haskett will continue to serve on TracMap’s Board of Directors.

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