Funds
Mandarin Capital sells IMA
Sino-Italian investor Mandarin Capital Partners has sold its stake in Bologna-based pharmaceutical machinery business IMA Group.
Isai raises €50m for second fund
French VC Isai has held a final close on €50m for its second fund, Isai Expansion.
Adelis Equity hits first close for maiden fund
Stockholm-based Adelis Equity Partnersт maiden fund has hit a first close at тЌ230m following less than six months of fundraising, according to sources close to the situation.
UnternehmerTUM closes first fund on €25m
German VC UnternehmerTUM has closed its maiden fund on €25m after 24 months on the road.
Lack of exits forces Candover to make contingency plans
Without any realisations in the first half of this year and a growing debt burden, listed entity Candover Investments has started to review a range of alternative plans including refinancing existing facilities.
Adara launches second fund
Adara Venture Partners has started the fundraising process for its second fund, Adara Ventures II, with a target of $40m, according to a Form D filing with the US Securities and Exchange Commission (SEC).
Texas retirement fund commits €40m to Nordic Capital VIII
The Texas County & District Retirement System (TCDRS) has committed тЌ40m to Nordic Capital's latest vehicle.
Synova smashes £110m fundraise
Synova Capital has closed its second fund on its ТЃ110m hard-cap in less than three months.
Avedon holds final close on €190m
Avedon Capital Partners has closed its first independent fund, NIBC Growth Capital II, on €190m after two years on the road.
SS&C GlobeOp opens new Luxembourg office
Connecticut-headquartered fund administrator SS&C GlobeOp has opened a new office in Luxembourg.
EdRip's fourth life sciences fund nears target
Edmond de Rothschild Investment Partners (EdRip) has so far raised €192m for its fourth life sciences fund, BioDiscovery 4, meaning the vehicle is close to reaching its target.
Maven appointed manager of GMLF
Maven Capital Partners has been appointed sole fund manager of the ТЃ20m Greater Manchester Loan Fund (GMLF).
German GPs cautious on venture
Kreditanstalt für Wiederaufbau (KfW) and BVK, the German private equity and venture capital association, have published a survey revealing decreased confidence in early-stage investments from local deal-doers in Q2.
Azulis set to hit the road in 2014
French mid-cap GP Azulis Capital is planning to start a new fundraising effort in the first half of 2014. Managing partner Michel Rowan talks to Greg Gille about the upcoming vehicle and the firm’s evolution
TEP seeks €100m for new fund
Time Equity Partners (TEP) has launched its second venture capital fund and is seeking to raise €100m, having already collected two thirds of its target, according to reports in the French press.
Better Capital raises £185.6m
Better Capital has raised ТЃ185.6m via a share issuance for the firmтs 2012 Cell, listed on the main market of the London Stock Exchange.
Switzerland to increase start-up support via new fund-of-funds
The Swiss Private Equity & Corporate Finance Association (Seca) has teamed up with Swiss investment platform CTI Invest to set up a CHF 500m fund-of-funds to support local start-ups.
Riverstone Holdings to float energy vehicle
Energy-focused private equity firm Riverstone Holdings is to float its latest energy vehicle in London, according to reports.
GSK launches $50m venture capital fund
GlaxoSmithKline (GSK) has launched a $50m strategic venture capital fund, Action Potential Venture Capital (APVC), to make investments in the biotech and bioelectric medicines industries.
Glennmont holds first close on €200m
Glennmont has held the first close of its second fund, Glennmont Clean Energy Fund Europe II, on тЌ200m.
CapMan holds second close, appoints new CEO
Listed entity CapMan has reached a second close on тЌ206m for CapMan Buyout X, posted тЌ4.3m in net profits and appointed Heikki Westerlund as new CEO.
Target Partners appoints Michael Kowalzik
Michael Kowalzik, Target Partners