TechnoCap distributes Kinaxis shares to HarbourVest
TechnoCap I LP has distributed 1.86 million shares of Kinaxis Inc. to HarbourVest Partners VII - Venture Partnership Fund L.P. ("HV VII"), a fund-of-funds controlled by HarbourVest. The distribution was made in connection with the wind-up and distribution of TechnoCap assets to its GP and LPs on Aug. 14. HV VII saw its ownership in TechnoCap fall to about 7.8 percent from 97.5 percent following the distribution. TechnoCap is a Canadian venture capital fund. Following the distribution, HarbourVest will own about 14.4 percent of Kinaxis, an Ottawa-based provider of supply-chain management software.
17 August 2015•3 mins read
