Sector
UK - 3i et al. exit Velocix
3i, Amadeus Capital Partners and Pentech Ventures have exited their stake in P2P technology company Velocix via a trade sale to communications services business Alcatel-Lucent. No financial details were disclosed.
GERMANY – HTGF and Sympasis invest in Deal United
High-Tech Gründerfonds and Sympasis Innovation Capital has invested in e-commerce start-up Deal United GmbH.
GERMANY – Mangrove and Neuhaus sell Cellity to Nokia
Mangrove Capital Partners and Neuhaus Partners have agreed to sell software provider Cellity AG to Nokia.
GERMANY – HTGF backs ReCoTech with EUR 500,000
High-Tech Gründerfonds has invested EUR 500,000 in software start-up ReCoTech GmbH.
AUSTRIA - Carlyle-backed UC4 acquires Senactive
Carlyle Group portfolio company UC4 Software has acquired Senactive IT-Dienstleistungs GmbH, a company active in complex event-driven business process modelling technology.
UK - KCP backs the £24m MBO of TSC Foods
Key Capital Partners (KCP) has backed the management buyout of soup and sauce manufacturer TSC Foods Limited in a ТЃ24m deal. KCP invested ТЃ6m for a majority stake in the business, while Yorkshire Bank's Corporate & Structured Finance team provided senior...
UK - NVM reaps 3.3x money on £10m Liquidlogic sale
NVM Private Equity has wholly exited its investment in software provider Liquidlogic via a trade sale to IT specialist System C for an initial consideration of ТЃ10m. The sale has delivered an initial return of 3.3x money multiple and an IRR of over 25%....
KKR-backed NXP launches debt swap; reduces debt by $225m
Dutch semiconductor business NXP, backed by KKR, AlpInvest, Apax, Bain, and Silver Lake, has made a debt swap, reducing its overall debt by approximately $225m.
FRANCE - AXA PE increases stake in Planisware
AXA Private Equity has increased its equity stake in Planisware, a software company, to just over 30%. The transaction saw LB3A exit its shareholding in the company.
CEE/AUSTRIA - Capexit dissolved; Kaltenegger leaves AVCO board
The industry shakedown has claimed a prominent victim in Austria: Capexit, the private equity arm of Erste Group that invested primarily in the Czech Republic, Austria and Slovakia, has discontinued operations, with the portfolio now in the hands of the...
SPAIN - Nauta reaches first close at EUR 50m
Nauta Capital has reached a first closing of its third fund on EUR 50m. A second closing on the target of EUR 100m is expected in the coming months.
UK - Valco to acquire Risk Capital-backed Borders UK
Borders, the ailing bookstore backed by Risk Capital Partners, is in talks with Valco Capital Partners, the private equity arm of restructuring specialist Hilco, over the sale of its UK business.
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.
UK - Succes Europe et al. invest £3m into Helveta
French technology investor Succes Europe has led a ТЃ3m second funding round for timber track and trace technology provider Helveta Ltd, alongside existing investors Albion Ventures and Oxford Capital Partners.
Motivating management: The BIMBO's back
Now more than ever it's important to ensure management teams are properly incentivised. For existing portfolio companies it may mean bringing on board some fresh blood; for new opportunities it means cutting a fair deal for all parties involved
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.