Woodford Investment Management has reportedly reaped $24.1m on its 20% stake in University of Bristol's Ultrahaptics.

Distressed fund manager Woodford Investment Management has offloaded its 20% stake in University of Bristol-founded mid-air haptics technology developer Ultrahaptics to Mayfair Equity Partners, the Telegraph reported yesterday. Woodford was reportedly closing in on £20m ($24.1m) for the stake during negotiations, and while Ultrahaptics refused to confirm the final price, it did say the firm…

The rest of this content is only accessible to Global University Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.