Advent realises one-third of its Scipher investment

Advent Venture Partners, an independent technology venture capitalist, has sold 30% of its 14.3% holding in Scipher, a technology development and licensing company which floated on February 9.

At the end of its first day of trading Scipher closed at 688p, valuing the company at almost £600m (E996m). Advent's disposal returned 2.4 times the cost of its original £5m investment, net of expenses.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached