The firm said that the sale is expected to close within the next few months after securing regulatory approvals. It did not disclose the financial terms of the deal.
After being acquired by VR in 2007, Melvo has expanded into new markets including Russia and India.
VR Equitypartner, which is a joint subsidiary of a joint subsidiary of German banks DZ and WGZ, targets mid-market companies in Germany, Austria and Switzerland. The firm makes minority and majority deals and provides mezzanine funding to businesses.
VR currently has around 100 portfolio companies valued at €570m.
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