Changing Worlds sale means another payday for TVC

The sale of mobile software firm Changing Worlds to US company Amdocs represented another big return for Trinity Venture Capital Holdings, the second since its flotation last year.

8th November, 2008

The sale of mobile software firm Changing Worlds to US company Amdocs represented another big return for Trinity Venture Capital Holdings, the second since its flotation last year.

The $60 million (€46.9 million) paid by Amdocs for the Irish company meant TVC will net up to $16.4 million for its 28 per cent stake. Of this, $11.6 million will be paid immediately, with the balance potentially coming in earn-out over the next two years.

The payout represents a 3.7...

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