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Vela Technologies Notes Candy Ventures Investment In Vibe Group

Tue, 25th Jun 2019 10:27

(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.

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