Ayre Group Takes Controlling Interest in nChain in CHF500M Deal
August 2, 2023
Ayre Group will invest up to CHF500 million to take a controlling equity interest in blockchain technology company nChain, in a deal that also includes IP licensing arrangements and a line of credit. The investment secures access to nChain's extensive blockchain and Web3 patent library and R&D capabilities, intended to accelerate commercial adoption of the company's enterprise blockchain IP and software offerings.
- Buyers
- Ayre Group
- Targets
- nChain
- Industry
- Software
- Location
- England, United Kingdom
- Transaction Type
- Buyout
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