Deals
FRANCE - EdRIP backs Barrault OBO
Edmond de Rothschild Investment Partners (EdRIP) has invested EUR 1m to support the owner-buyout of industrials company Barrault Recherche.
NORWAY - Herkules reaps NOK 465m in partial exit from Pronova
Herkules Capital has sold approximately 8% of its holding in listed company Pronova BioPharma, a developer of marine-originated omega-3 derived pharmaceutical products, in a deal worth NOK 465m.
GREECE - TLcom and Alpha Ventures invest EUR 11m into Upstream
London-based TLcom Capital LLP and Greek investor VC Alpha Ventures have co-led an EUR 11m financing round for mobile content provider Upstream Telecommunications.
EUROPE - 3i sells venture portfolio for less than half value
London-based private equity firm 3i has reportedly sold its venture portfolio to an unnamed bidder for around £100m, a substantial discount to the approximate £250m book value.
UK - Finance Wales further backs Outlook Expeditions
Government-backed investor Finance Wales has supported youth expedition company Outlook Expeditions with a £730,000 debt and equity investment.
UK - YFM further invests in BeCheeky.com
The YFM Group has further invested in online retailer BeCheeky.com as part of a second round of funding for the company.
GERMANY – Duke Forest divests O3SIS
Duke Forest Capital has sold its portfolio company O3SIS AG, a provider of carrier-grade mobile software solutions, to listed Gemalto NV for an undisclosed amount.
UK- Pantheon sells fund interests
PIP, the London-listed investment trust of Pantheon Ventures, has sold a number of its fund interests in an effort to boost the company's liquidity to meet its commitments.
BELGIUM - Gimv leads EUR 10m VCST investment
Gimv has lead a EUR 10m investment into auto part manufacturer VCST, alongside venture investor LRM.
GERMANY/NETHERLANDS - Advent-backed Oxea acquires ester plant from ExxonMobil
Advent International portfolio company Oxea has agreed to acquire an Amsterdam-based ester production plant from ExxonMobil.
UK/SWITZERLAND/SWEDEN – KKR’s Alliance Boots circles Swedish pharmacies
KKR portfolio company Alliance Boots is reported to be interested in acquiring a portfolio of pharmacies being sold by Apoteket, which is owned by the Swedish state.
UK - Trade bodies request govt-backed VC fund-of-funds
Venture capital, biotechnology and IT trade bodies have sent a proposal to Lord Mandelson detailing the need for a new £750m government-sponsored fund-of-funds to support the declining venture capital industry.
UK - 3i et al. invest further £5.1m into Metalysis
A consortium of existing investors, comprising 3i, Environmental Technologies Fund, Chord Capital, Seven Spires Investments and Cody Gate Ventures, has invested in excess of £5m into specialist metals and alloys producer Metalysis Ltd.
GERMANY - Wellington Partners invests EUR 8m into Experteer
Wellington Partners, via Wellington Partners Ventures III, has invested EUR 8m into career service Experteer GmbH.
IRELAND - Roche et al. invest additional EUR 3.3m into Opsona
Roche Venture Fund and Enterprise Ireland have invested more than €3m into biotechnology company Opsona Therapeutics in an extension to the company's series-B funding round, bringing the total to in excess of €21m.
BELGIUM - Capital-E backs EUR 1.11m CMOSIS funding
Capital-E portfolio company CMOSIS has raised just over EUR 1m in a series-B financing round subscribed to by existing shareholders and management.
SWEDEN - Sixth Swedish pension fund buys Arvika from administration
The Sixth Swedish Pension Fund (AP6) has acquired Arvika Gjuteri, a manufacturer of parts for trucks, agricultural and construction equipment that recently went into administration.
GERMANY - NORD Holding backs Unicor acquisition
NORD Holding has backed portfolio engineering company Unicor GmbH in acquiring the machinery business of Königsberg-based Fränkische Rohrwerke.
GERMANY - TCW leads EUR 70m agri funding
TCW Group has led a EUR 60m equity investment into biogas company agri capital, alongside returning investors Altima Partners, Green Partners, Halcyon and Ludgate Environmental Fund, with Ecofin providing a EUR 10m mezzanine loan.
FRANCE - Serena and A Plus invest EUR 6.47m into RSI
Serena Capital and A Plus Finance, alongside previous investors Galileo Partners, CDC Innovation and Techfund Europe Management, have backed video security company RSI Video Technologies with an investment of EUR 6.47m.
PORTUGAL - Explorer acquires Gascan
Private equity firm Explorer Investments has wholly acquired gas business Gasses Combustiveis (Gascan) SA for an undisclosed sum.
FRANCE - I-source and OTC invest further EUR 3.5m into Rhapso
I-Source Gestion and OTC Asset Management have invested EUR 3.5m into Rhapso, a software company, in a third funding round.
UK - AFM and EV invest further in TPS
Alliance Fund Managers (AFM) and Enterprise Ventures (EV) have made a further instalment of £275,000 in foreign exchange and payment services specialist TransGlobal Payment Solutions (TPS), as part of a £1m first round funding package agreed last November.