Business News • MarketWire • Common Shares of Kinaxis Inc. Distributed to Harbourvest Fund |
Common Shares of Kinaxis Inc. Distributed to Harbourvest Fund |
|
|
Common Shares of Kinaxis Inc. Distributed to Harbourvest Fund
BOSTON, MA--(Marketwired - Aug. 14, 2015) - HarbourVest Partners, LLC ("HarbourVest") announced the distribution of 1,862,647 common shares ("Common Shares") in the capital of Kinaxis Inc. ("Kinaxis") by TechnoCap I, L.P. ("TechnoCap") to HarbourVest Partners VII - Venture Partnership Fund L.P. ("HV VII"), a "fund-of-funds" that is controlled by HarbourVest. The Common Shares were distributed to HV VII in connection with the wind-up and distribution of assets of TechnoCap to its general partner and limited partners on August 14, 2015, in accordance with the terms of its limited partnership agreement (the "Distribution"). Prior to the Distribution, HV VII owned 97.5% of the limited partnership interests in TechnoCap. Following the Distribution, HV VII owns approximately 7.8% of the issued and outstanding Common Shares. Prior to Distribution, HV VII did not own any securities of Kinaxis.
View More : http://www.marketwired.com/mw/release.do?id=2048049&sourceType=3
|
|
|