Deals
SWITZERLAND - GlycoVaxyn receives CHF 11.5m
Sofinnova Partners and Index Ventures have provided Swiss biotech company GlycoVaxyn with CHF 11.5m of series-A funding. GlycoVaxyn is developing the next generation of conjugated vaccines (antigenic sugar/protein complexes) which target bacterial infections.
FINLAND - Navicore is acquired by Wayfinder
Navicore, the provider of interactive on-board navigation products for smart phones and Nokia Internet tablets, has been sold to Wayfinder.
UK - Providence re-enters the fray for Virgin Media
Providence Equity has expressed its interest in Virgin Media ten months on from its last play for the business. Providence was reported to be interested in bidding for the US-listed company in 2006 when it was known as NTL before its merger with Virgin...
UK - LondonTechnology Fund backs vaccines for viruses technology
London Technology Fund (LTF) has completed an investment in Immune Targeting Systems (ITS) Ltd, a company which is developing vaccines for mutating viruses. LTF is participating in a £3.5m series-A funding round for ITS alongside Novartis Venture Fund...
FRANCE - Crédit Agricole Private Equity leads EUR 10.5m investment in Valorem
Via its fund Capenergie, Crédit Agricole Private Equity (CAPE) has led a first round of funding in wind farm developer Valorem, alongside Avenir Entreprises and Grand Sud Ouest Capital (GSO).
UK - Enterprise Ventures backs radio frequency identification business
Enterprise Ventures has completed an investment in Merseyside-based CoreRFID Ltd, a radio frequency identification business. The investment was made on behalf of the Coalfields Enterprise Fund, managed by Enterprise Ventures on behalf of the Department...
FRANCE - European Capital buys CEO's stake in Soflog
Market sources suggest European Capital has acquired a majority stake in industrial logistics business Soflog, currently backed by 3i, from its CEO Nicolas Nonon.
BELGIUM - KBC Arkiv invests EUR 1m in Intek
KBC Arkiv has injected EUR 1m in Intek, a Flemish manufacturer of proprietary innovative electro-mechanical keys, which combine the benefits of traditional cylinder locks and badge access control systems.
BELGIUM – KBC Private Equity invests in Wever & Ducré
KBC Private Equity together with the current principal shareholder Frank Deceunick, has invested in Belgian lighting company Wever & Ducré. The new funding will be used to further grow the company organically and externally.
UK - Advent's pharmaceutical portfolio company obtains new distribution rights
Speciality European Pharma Ltd (SEP), an Advent Venture Partners portfolio company has obtained distribution rights to Amphocil® for Germany, France and Italy. Amphocil® is a product owned by Three Rivers Pharmaceutical LLC and is presently marketed...
UK - Matrix completes £6.5m MBO of DiGiCo
Matrix Private Equity Partners has financed the £6.5m management buyout of DiGiCo, a manufacturer of digital mixing consoles for post-production, broadcast, live performance and theatre markets across the world.
FRANCE - XAnge and OTC AM invest in online household goods retailer
XAnge Private Equity and OTC Asset Management have injected EUR 3.3m in Delamaison.fr.
UK - Close Ventures leads £1.5m funding round for software company PSE
Close Ventures is pleased to announce that it has invested £1.5m into Process Systems Enterprise (PSE).
GERMANY - Neuhaus Partners backs ICS
Neuhaus Partners has invested in internet startup company ICS Internet Consumer Services. The funding will be used to develop ICS’s latest web 2.0 project, verwandt.de. The invested amount has not been disclosed but it is understood to be in the million...
FRANCE - UI Gestion backs management buy-in of Didactic
UI Gestion, regional fund NCI Gestion and CDC Entreprises have backed the MBI of Didactic, a designer, manufacturer and distributor of disposable medical equipment.
FRANCE - Rhône-Alpes PME Gestion backs TSV spin-off
Rhône-Alpes PME Gestion has invested EUR 850,000 in equity and convertible bonds to back the management buyout of Transformateurs Solutions Vénissieux (TSV) from Areva T&D.
FRANCE - Methane-based energy specialist Naskeo raises EUR 2.6m
Oddo Asset Management and XAnge Private Equity have each invested EUR 1.3m in Naskeo Environnement, a renewable energy solution provider.
FRANCE - French-born Virtual Logix receives $16m B-round
Formerly known as Jaluna, Virtual Logix has raised $16m from a syndicate led by Esprit Capital Partners, and including new investor Intel Capital, and existing investors Atlas Venture and Index Ventures.
EUROPE - Balderton Capital invests in TvTrip.com
Balderton Capital has invested EUR 3.5m in TVtrip.com alongside Partech International. Balderton Capital was formerly known as Benchmark Capital Europe.
SWITZERLAND - Madison Private Equity exits SimilorGroup
Madison Private Equity has sold Swiss sanitary faucets manufacturer SimilorGroup to the Spanish Roca Group. The transaction value has not been disclosed. Since 2002, Madison Private Equity had gradually increased its ownership in Similor from the founding...
UK - Octopus acquires stake in T4 Media
Octopus Private Equity has invested in T4 Media Ltd. Octopus has come in as a partner to finance growth and to assist with the strategic development of the business. It is anticipated that further bolt on acquisitions will be made in due course.
AUSTRIA - EK Fin invests in Vienna Acoustics
EK Mittelstandsfinanzierungs AG (EK Fin) together with Eucoma Consumer Goods GmbH has backed the owner buyout of speaker manufacturer Vienna Acoustics. Previous company owner Renate Köberl remains invested in the company.
UK - NBGI floats Superglass generating 10.7x returns
NBGI Private Equity has recouped 10.7x its investment through the IPO of Superglass on the London Stock Exchange. The listing enables NBGI to divest its 50.9% stake generating an IRR of 244% on its two year involvement with the glass wool insulation manufacturer....
UK - Hotbed, YFM and Albany in £3.49m fundraising for Mtivity
Hotbed, YFM Group and Albany Ventures are together investing £3.49m in software company Mtivity. Hotbed provided £1.55m of the total funding package. The investment was introduced to Hotbed by Albany, a specialist early-stage technology investor.