Media
Atlas sells 34.4% Sporever stake
Atlas Venture has sold its 34.4% stake in Alternext-listed Groupe Sporever, an online content publisher, back to the founder and company president, Patrick Chêne.
Beringea further invests £800,000 in Eagle Rock
Beringea has further invested £800,000 in music publishing company Eagle Rock Entertainment in a second round of funding.
YFM-backed Fishawack acquires Nexus Communications
YFM has injected fresh capital to support portfolio company Fishawack Communications, the medical PR company, in its acquisition of US-based Nexus Communications.
UK - Bestport in £4.5m round for Intela
Bestport Ventures has led an investment in internet marketing company Intela, committing a little over £3m in a round totalling £4.5m. ETV Capital will provide the remainder in facilities and loans.
SPAIN - Providence-backed Ono to begin debt refinancing
Spanish cable operator Ono, which is backed by a private equity consortium including Providence Equity, Quadrangle Capital Partners, JP Morgan Partners and Thomas H Lee Partners, has began talks with its lenders to refinance its debt pile, which totals...
GERMANY - Permira exits remaining freenet stake in EUR 115m placement
According to press reports, Permira has divested its remaining 10% stake in telecommunications group freenet in a private placement on the Frankfurt Stock Exchange, raising approximately EUR 115m.
GERMANY/US - Jordan’s PRG acquires Procon
The Jordan Company's portfolio company Production Resource Group has acquired Frankfurt-listed live events business Procon Multimedia.
FRANCE - AGF PE and Innovacom sell Steek in EUR 27.5m deal
AGF Private Equity and Innovacom have wholly exited their respective stakes in Steek, a software provider, in a trade sale to F-Secure Corporation worth EUR 27.5m.
SWEDEN - Creandum and Viking join EUR 12.5m round for Nanoradio
Scandiavian venture firms Creandum and Viking Venture has joined existing investors Ferd Venture, Industrifonden, Innovacom, Nordic Venture Partners, and Teknoinvest in a EUR 12.5m financing round for semiconductor developer Nanoradio AB.
UK - PROfounders Capital holds first close of new venture fund
London-based PROfounders Capital has held a first close of its inaugural VC fund. No financial details were disclosed.
GERMANY - Private equity firms to re-submit Springer bid
According to press reports, TPG Capital, Carlyle and Providence have been asked to re-submit their bids to acquire a 49% stake in Cinven-backed and Candover-backed academic publisher Springer Science and Business Media.
UK - MMC Ventures further invests £1.3m into Clash-Media
MMC Ventures has completed a follow on investment worth more than £1m into digital media company Clash-Media.
GERMANY - KKR & Bertelsmann launch EUR 250m rights management business
According to reports, KKR has joined forces with media concern Bertelsmann to develop a music rights management business, with the buyout giant thought to have invested EUR 250m into the venture.
UK - Index Ventures appoints partner in London
Index Ventures has hired Mike Volpi as a partner in the firm's London office.
FRANCE - IDI- and BV Capital-backed Hi-Media acquires AdLINK
IDI- and BV Capital-backed internet business Hi-Media has acquired AdLINK Media, the display advertising network of Germany-based AdLINK Internet Media AG.
FRANCE/GERMANY - Gores-backed Sagen buys Gigaset assets
Sagem Communications, backed by US investor Gores Group, has acquired the broadband and WiMAX business of Gigaset Communications GmbH, a subsidiary of industrial holding Arques AG and Siemens AG.
NETHERLANDS - 3i and H.I.G provide EUR 17.2m new equity for VNU Media
3i-backed VNU Media has finally reached an agreement with its lender over its EUR 100m debt. The firm has been in talks with banks since January this year.
ITALY - Bridgepoint appoints director
Bridgepoint has appointed Matteo Perale as a director in its Milan office, where he will operate within the media, technology and financial services teams.
UK- Apax-backed Emap to cut 35 jobs
Apax-backed Emap is reportedly to cut 35 jobs in its magazines division, Emap Inform, as part of a restructuring of the unit, which is home to titles including Retail Week and Broadcast.