Kasper has published a new company report on Springvest 
Springvest’s start to the year has been brisk in terms of capital raised, and the outlook remains quite good. On the other hand, a recovery in exit activity is still yet to materialize. This had a slightly negative impact on our sum-of-the-parts valuation, which is why we are adjusting our target price to EUR 9.2 per share (prev. EUR 9.5). However, the stock’s valuation has already turned moderate, so we are upgrading our recommendation to Accumulate (prev. Reduce).