Indian buyout firm TIW Private Equity has acquired a majority stake in Mumbai-based digital marketing firm Digital Refresh Networks (formerly Digital F5) for $6 million or about Rs 40 crore. The cash-and-stock deal for a 60% stake at present will give Digital Refresh Networks bandwidth to strengthen core services and for acquisitions.
TIW Private Equity buys majority stake in digital marketing firm Digital Refresh Networks for $6 million
Date posted: Thursday 5 September 2019