Polish Enterprise Fund VIII managed by Enterprise Investors Corporation agreed to acquire 26.7% stake in Software Mind S.A from Ailleron S.A. (WSE:ALL) for €9 million on December 8, 2020. Polish Enterprise Fund VIII managed by Enterprise Investors Corporation entered into an agreement to acquire majority stake in Software Mind S.A. The transaction will consist of a €9 million buyout of 26.7% of Software Mind shares from Ailleron and €16 million capital increase, which in effect will raise PEF VIII’s stake in the business to 50.2%. Parties to the transaction signed agreement on April 20, 2021. Ailleron will own 49.8% stake in Software Mind. Ailleron will have operating control over Software Mind and right to appoint two out of five supervisory Board members. The transaction is subject to approval at Ailleron extraordinary general meeting. Ernst & Young LLP (UK) acted as accountant to Ailleron S.A. (WSE:ALL).