Parkwalk Advisors has sold on most of its stake in Oxford-founded drone designer Animal Dynamics, securing a 6.9 times return.
Fund management unit Parkwalk Advisors on Tuesday exited the bulk of its shareholding in Animal Dynamics, a UK-based unmanned aerial vehicle (UAV) development spinout of University of Oxford.
The exit came through a secondary transaction with unspecified investors that secured a 6.9 times return for Parkwalk and its backers. Parkwalk Advisors is a subsidiary of commercialisation firm IP Group,
Founded in 2015, Animal Dynamics is working on UAVs that operate on ground, water and air with motion mechanics emulating the dynamics…
