Ariel Alternatives/ Project Black purchases majority stake in My Code
December 1, 2023
![ariel](https://hispanicad.com/wp-content/uploads/2023/11/ariel.jpg)
Private investment firm Ariel Alternatives, LLC (“Ariel Alternatives”) and My Code announced the completion of a strategic transaction. Ariel Alternatives’ Project Black (“the Fund”) has acquired a 58.5 percent stake in the Company from existing shareholders Falfurrias Capital Partners, My Code management and employees, and other investors, at an enterprise valuation of $400 million, based on current and future performance projections.