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Investcorp buys stake in Thought Equity Motion
Investcorp Technology Partners has spent USD28m to acquire a significant minority stake in Denver-based cloud-based video management and licensing provider Thought Equity Motion. The New York-based private equity firm, an arm of investment manager Investcorp, will contribute two directors to Thought Equity Motion's board as it becomes the company's largest single shareholder. "Our partnership with Investcorp validates our leadership position, and Investcorp's global presence and relationships will fuel our growth trajectory around the world," says CEO and founder Kevin Schaff.
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