Deals
UK - Doughty-backed Setanta enters administration
London-based sports broadcaster Setanta, backed by a private equity syndicate comprising Doughty Hanson, Balderton Capital and Goldman Sachs, has reportedly seen its UK business go into administration.
UK - Crescent Capital leads £2m Axis investment
Crescent Capital has led a £2m round of funding for medical imaging company Axis Three, alongside existing investors Clarendon Fund Managers and Siemens.
UK - NVM-backed CloserStill acquires two exhibition businesses
NVM Private Equity-backed events company CloserStill has acquired Pioneer Global Media and Principal Media for an undisclosed sum.
UK - YFM completes £500,000 Syphan funding
YFM Venture Finance, through the Yorkshire and Humber Equity Fund (YHEF) and Partnership Investment Fund (PIF), has invested £500,000 into security technology company Syphan Technologies. Both YHEF and PIF contributed £250,000 of the total.
GERMANY - JC Flowers-backed Hypo prepares for profit plunge
Hard-hit real estate lender Hypo Real Estate, which is backed by US buyout house JC Flowers, has announced that profits are likely to see a "high three digit million" decrease in the second quarter of 2009 amidst a weakening real estate loan market.
GERMANY - Frog doubles SiC stake
London-based venture firm Frog Capital has doubled its stake in portfolio company SiC Processing AG, a producer of wafer cutting fluids used in silicon wafers, through the purchase of holdings from other shareholders.
GERMANY - HTGF et al. invest EUR 500,000 into wwg
High-Tech Gründerfonds (HTGF), Holtzbrink Ventures and business angels Oliver Jung and Torsten Oppermann have invested EUR 500,000 into online gaming company wwg worldwidegames GmbH.
AUSTRIA - Consortium backs mobil data with EUR 2.3m
Wiener Wachstumsfonds and tecnet equity have invested more than EUR 2m into mobile working company mobil data IT & Kommunikationslösungen GmbH, with part of the funding being used to acquire sector rival Tempore Zeiterfassungssysteme.
UK - YFM further invests in CMS SupaTrak
YFM Group, via the South West Ventures Fund, has further invested in vehicle tracking and mobile working solutions company CMS SupaTrak in a third round of funding.
FRANCE - A Plus invests EUR 1.5m into Systancia
A Plus Finance has invested EUR 1.5m into software company Systancia in a first round of funding.
GERMANY - GI Partners puts Acentic up for sale
According to reports, GI Partners has mandated Cavendish Corporate Finance to find a buyer for on-demand content provider Acentic GmbH, with the price tag thought to be up to £100m.
FRANCE - Avenir et al. invest EUR 1.2m into Canevaflor
Avenir Entreprises, Apicil Proximité and Calixte Investissement have joined returning investors Crédit Agricole Création, Rhône Alpes Création and Rhône Dauphiné Développement in a EUR 1.2m investment into Canevaflor, a producer of building materials.
SWITZERLAND – HealthCap leads CHF 6m Lumavita funding
New investor HealthCap has led a CHF 6m extension to biopharmaceutical company Lumavita's series-A financing round, alongside historical backer Endeavour Vision.
FRANCE - BNP PE invests EUR 700,000 into Acropolis Telecom
BNP Private Equity, through its Antin Proximité 1 fund, has invested EUR 700,000 into Acropolis Telecom, a telecoms operator.
BENELUX - PE interested in Intertrust
According to reports, several major buyout houses have expressed interest in making an offer for Intertrust, Fortis' former tax-advisory arm.
UK - Charterhouse acquires Candover's Wood Mackenzie for £553m
Charterhouse Capital Partners has agreed to acquire energy consultancy Wood Mackenzie, in a secondary buyout from beleaguered buyout house Candover valued at £553m.
SPAIN - AGF leads EUR 2m round for eRepublik
French investor AGF Private Equity has led a EUR 2m series-A funding round for Spanish online strategy game platform eRepublik.
UK - Seraphim and Oxford further invest in Sirigen
Seraphim Capital and Oxford Capital Partners have invested a further £1.2m in life sciences company Sirigen.
GLOBAL - Barclays accepts BlackRock's offer for BGI
Barclays' board of directors has accepted BlackRock's offer to acquire its asset management division Barclays Global Investors (BGI), with the price tag thought to be around $10bn.
UK- Candover slips as worries surface over Wood Mackenzie sale
The share price of private equity group Candover fell by more than 5 pence amid worries that the £550m sale of its energy consultancy firm Wood Mackenzie to buyout house Charterhouse would fall through.
SWEDEN - AP6 backs mobile solutions business Accumulate
The Sixth Swedish Pension Fund has invested an undisclosed sum into Accumulate, a technology provider of connected mobile solutions.
UK - Finance Wales leads £500,000 Datmedia
Government-backed Finance Wales has invested £400,000 as part of a £500,000 investment into media company Datmedia Ltd, alongside business angel network xenos.
UK - GI Partners-backed The Orchid Group acquires BRB businesses
GI Partners-backed The Orchid Group has acquired 10 businesses from Birmingham-based Bar Room Bar (BRB), the pub group that collapsed in April.
POLAND - Enterprise Investors acquires PLN 16m Web Inn
Enterprise Investors has wholly acquired IT sourcing business Web Inn in a deal valued at PLN 16m (EUR 3.6m).