Sunstone Capital exits part of its Asetek stake

Sunstone Capital, a European early-stage venture firm, has divested 1.6 million shares or about 50 percent of its stake in Asetek AS, a Danish provider of liquid cooling solutions for data centers, servers and PCs. Sunstone will distribute the proceeds of more than NOK 150 million (about $19.4 million) to the Danish Growth Fund, the Danish state investment fund, which will reinvest the proceeds in other Danish growth companies. As a result of the transaction, Sunstone retains ownership of about 1.6 million shares in Asetek.

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