Venture Capital fund Molten Ventures has agreed to buy rival Forward Partners in a deal to create a bigger London-based player in the tech funding scene, but at a discount compared to Forward’s closing share price before the deal.
Molten Ventures will offer £41.4 million of its own stock in exchange for Forward’s shares, valuing the firm at 7.3% less than its Friday market cap, or its price for most of the last month, It is above its average over the last three months, however.
