Da Vinci Capital, an independent asset manager focusing on mid-market private equity investments in Russia and the Commonwealth of Independent States, has acquired a minority stake in Russia-based IT solutions and services provider Softline for a reported US$40 million. Da Vinci invested through Da Vinci Private Equity Fund II and Da Vinci Pre-IPO Fund. Softline will use the new capital to expand its cloud and services businesses, diversify product offerings and expand geographically.