Mangrove Capital Partners and ABRT Venture Fund In Negotiations To Sell Quintura
Kommersant reported today that private equity groups Mangrove Capital Partners and ABRT Venture Fund are currently negotiating with LexisNexis and Proquest regarding the sale of Russian visual search provider Quintura.
Mangrove and ABRT have reportedly invested about $10 million into Quintura. The funds are reportedly looking for a $50 million valuation for the company based primarily on its proprietary search technology and patents. Annual revenues of Quintura are reportedly currently less than $500,000.
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