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(Alliance News) - Vela Technologies PLC on Tuesday noted an undisclosed investment in Vibe Group Holdings Ltd by private investment firm Candy Ventures.
Shares in technology investor Vela were up 16% at 0.11 pence in morning trade.
Candy Ventures, owned by luxury real-estate developer Nick Candy, made the investment for a 23% Vibe Group equity stake.
Following this, Vela itself holds 5,674 shares or around a 3.1% stake in Vibe Group.
Vela posted extracts from an article on BusinessCloud noting the Vibe Group deal, which stated that Candy Ventures had "invested a significant seven-figure sum" in Vibe Group.
