Investment firm FastForward Innovations Ltd (LON:FFWD) added 13% to 12.75p after revealing that its investee company, Vested Finance Inc has received a recommended takeover offer.

Vested Finance, an US education technology company trading under the brand Schoold, in which FastForward holds a 12% interest, has said it is in talks with an unnamed “strategic acquirer”.

FastForward also said that another of its investee companies, Leap Gaming is seeking a listing of its shares on a North American stock exchange.

In addition, the investment group said, Leap Gaming has confirmed that it has received an approach from an existing partner regarding a possible cornerstone investment in the business.

The AIM-listed firm said it has an approximate 41.15% in Leap Gaming, making it the largest shareholder of the US company.