Grenville to exit INOVx investment via buyout transaction
Canadian royalty financing firm Grenville Strategic Royalty Corp has entered into a buyout deal with INOVx Inc, an Irvine, Calif.-based asset visualization software company that serves industrial process customers. The transaction, which forms part of a broader restructuring underway at INOVx, will facilitate the exit of Grenville from the company. Grenville will receive US$1.75 million for the buyout, which adds to US$400,000 in royalty payments to date. The firm invested in INOVx in July 2014.
9 October 2015•6 mins read
