Capital D completed the acquisition of a minority stake in Refinery89.

Capital D, a private equity firm, completed the acquisition of a minority stake in Refinery89, an AdTech company. Financial terms were not disclosed. Financial terms were not disclosed. “This is an exciting development for the Refinery89 team. We are on a pathway to realising our ambition to become the leading publisher network in Europe and LATAM. With Capital D, we have secured a valuable partner to enable us to become this market leader,” Hugo Welkers, Refinery89 CEO.