B Capital Group, which backs early- and growth-stage companies focused on digitizing traditional industries, has sold a slice of its holdings in five businesses for about $200m, according to people familiar with the matter.
The firm backed the five companies involved in the transaction, commonly referred to as a strip sale, through its debut growth fund, the people said. After receiving a first commitment for its B Capital Fund LP in May 2016, the firm secured a total of about $360m for the vehicle.
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B Capital Group is a global venture capital firm that invests in groundbreaking healthcare, fintech, industrial logistics and consumer enablement companies that are primed to scale across the global stage. Founded in partnership with The Boston Consulting Group, B Capital Group delivers unique access to top corporations, matching cutting-edge start-ups with the world’s leading CEOs, platforms, and brands.
Source: Wall Street Journal
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