Deals
SWEDEN - Industrifonden and Broken Arrow back Conveneer with SEK 36m
Swedish government-backed venture fund Industrifonden and a group of American investors operating under the name Broken Arrow have invested SEK 18m each into mobile technology company Conveneer.
FINLAND - Finnish Industry Investment and VNT back EpiCrystals
Finnish Industry Investment and VNT Management Oy have invested EUR 6m into semiconductor company EpiCrystals Inc.
UK/EUROPE - BNP Paribas and Northern Lights to partner
According to reports, BNP Paribas Investment Partners is to announce a strategic partnership with US-based Northern Lights Ventures, a private equity firm focused on the institutional asset management industry.
ITALY - 360° invests EUR 5.4m into EPS
360° Capital Partners has led a EUR 5.4m funding round for renewable energy company Electro Power Systems (EPS).
POLAND - Enterprise Venture Fund makes first investment
Central & Eastern Europe-focused Enterprise Investors has invested EUR 3.2m into Polish marketing companyBio-Profil, taking a 36% stake in the business.
UK - Shakleton makes follow-on investment into NanoSight
Secondaries venture capital firm Shackleton Ventures has completed an undisclosed follow-on investment into portfolio nanotechnology company NanoSight Ltd, through the acquisition of a significant shareholding from the National Endowment for Science,...
SPAIN - Realza-backed Clínicas Perio completes add-on acquisition
Realza Capital-backed dentistry clinic Clínicas Perio has acquired an 85% stake in sector rival Clínicas Aparicio for an undisclosed sum.
GERMANY - BluO acquires Metro unit in EUR 10m deal
Private equity newcomer BluO has acquired Adler, the beleaguered fashion store unit of listed retailer Metro, in a deal thought to be worth EUR 10m.
Time to reset the bar
Norwegian LP Argentum recently received a government rescue package of NOK 2bn in response to a dearth of capital in the PE industry. Rikke Lilla Eckhoff investigates how funds will fare in this new environment
UK - VC-backed businesses face funding shortfall
A new survey, conducted by Populus on behalf of the BVCA, has found that the majority of UK-based venture capitalists expect deal activity to decline in 2009, with more than half of those surveyed anticipating a significant slide against 2008.
FRANCE - Alto Invest et al. invest EUR 3m into Wanimo
Alto Invest has provided EUR 2m as part of a EUR 3m second round of financing for Wanimo.com, with the balance provided by returning investors Alven Capital and Entrepreneur Venture.
GERMANY - HTGF invests EUR 500,000 into Liquiverse
High-Tech Gründerfonds has invested EUR 500,000 into software business Liquiverse.
SWEDEN - Altor and Bure acquire Carnegie for SEK 2.3bn
Swedish private equity firms Altor Equity Partners and Bure Equity have jointly acquired Swedish investment bank Carnegie and its seperate business unit Max Matthiessen Holding, a pension and insurance adviser, from the Swedish National Debt Office for...
ITALY – Candover-backed Ferretti defaults on debt
According to reports, Candover-backed yacht manufacturer Ferretti has defaulted on its payment on its debt repayments.
FRANCE - Cerenis raises EUR 2.5m
Cerenis Therapeutics SA, which is backed by Alta Partners, EDF Ventures, HealthCap Private Equity, NIF Ventures, OrbiMed, Sofinnova Partners and TVM Capital, has raised EUR 2.5m from OSEO, a French public holding company that provides financial support...
ROMANIA - GED to acquire Diamedix for EUR 15m
Spanish private equity firm GED Capital is set to acquire a controlling interest in Romania-based medical equipment distributor Diamedix in a deal thought to be valued at approximately EUR 15m.
FRANCE - Siparex backs Greenwich OBO
Siparex has supported an owner-buyout of management consulting partnership Greenwich Consulting, taking a 17% stake in the company. The business will be renamed TwentyOne.
FRANCE - CDC CI and Ouest Croissance acquires Groupe Marais
CDC Capital investissement (CDC CI) and Ouest Croissance have acquired trenching company Groupe Marais in a management buyout.
NORWAY - Northzone et al. back ChapDrive with NOK 52m
Existing investors NorthZone Ventures, Hafslund Ventures and Energy Capital Management (formerly StatoilHydro Ventures), alongside new backers StatoilHydro and Innvovation Norway, have invested NOK 52m into Chapdrive, a developer of patented systems for...
UK - MMC makes £2m Small World investment
MMC Ventures has invested £2m into retail financial services provider Small World Financial Services Group.
UK - 3i-backed Civica makes two acquisitions
3i-owned software solutions provider Civica, through its subsidiary Civica Pty Ltd, has acquired Queensland-based Practical Computer Services Pty Ltd and the local government business of electionz.com, based in New Zealand.
UK - NorthStar invests £420,000 into MySapient
NorthStar has invested £420,000 as part of a £610,000 funding round for virtual gaming site MySapient.com, with the management and directors of the company providing the balance.
GERMANY/US - Neuhaus and ERP back sofatronic
Returning backer Neuhaus Partners and ERP-Startfond have invested an undisclosed seven-figure sum into blue-ray company sofatronic GmbH in a second round of funding.