Sector
DACH – Target Partners II holds final close on EUR 113m
Venture firm Target Partners has conducted the final close of Target Partners Fund II on EUR 113m.
UK - LDC-backed Ultimate Products acquires Intempo
LDC-backed Ultimate Products, a homeware merchandise supplier, has acquired Manchester-based electronic equipment firm Intempo Digital for an undisclosed sum.
GLOBAL - KKR delays merger with European fund, again
Reports suggest that KKR has again delayed plans to merge with its Amsterdam-listed fund KKR Private Equity Investors (KPE).
GERMANY - Buyout groups circle Candover and Cinven's Springer
According to press reports, Candover and Cinven, the owners of Springer Science and Business Media, are making progress on divesting a minority stake in the business for about EUR 400m, with several major buyout houses said to be interested in a possible...
Night of the living debt
How the recession caught the private equity industry by surprise. Rikke Lilla Eckhoff speaks to professor Tim Jenkinson, contributing author to the European Economic Advisory Group report of the European Economy 2009
Mezz gets set to face challenges
With financing options remaining limited, many continue to assert that there are opportunities aplenty for mezzanine houses in the current market. However, there are still a range of obstacles to be overcome, writes Ashley Wassall
UK - 3i and Doughty further invest in Garlik
3i and Doughty Hanson Technology have led a £1.6m series-C funding round for online identity company Garlik, alongside management and individual investors.
UK - Acton et al. invest £10m into Glasses Direct
Acton Capital Partners has led a £10m second round of funding for prescription glasses retailer Glasses Direct, alongside return backers Index Ventures and Highland Capital Partners.
GERMANY - Target Partners backs Scoreloop
Target Partners has provided an undisclosed seed investment to software company Scoreloop AG.
BELGIUM - Gimv leads EUR 3m Eclipse investment
Gimv has invested EUR 2m as part of a EUR 3m series-A funding round for software business Eclipse International NV, alongside the Vlaamse Innovatiefonds Vinnof (Flemish Innovation Fund) and management.
SWEDEN - Carlyle exits SmartTrust
Carlyle has sold its stake in SmartTrust, a developer of infrastructure software for managing and securing mobile services, to German technology group Giesecke & Devrient (G&D).
UK - LDC invests £6.5m in NESL
LDC has invested £6.5m into engineering solutions group Nuclear Engineering Services Limited (NESL).
UK - NSEI invests further in Quick.tv
NorthStar Equity Investors (NSEI), alongside new and existing investors, has led a £335,000 funding round for online video company Quick.tv.
GERMANY - HTGF invests EUR 500,000 into RapidRabb
High-Tech Gründerfonds (HTGF) has invested EUR 500,000 into software prototyping company RapidRabb GmbH in a first round of financing.
UK - Bidding war for 3i's venture capital fund
Reports suggest that private equity groups Coller Capital and HabourVest Partners are considering bids for 3i's £400m venture capital fund.
IRELAND - SEP et al. invest €2.1m into Clavis Technology
Scottish Equity Partners (SEP) has led a €2.1m series-A round of funding for software company Clavis Technology, alongside Delta Partners, Enterprise Ireland and software industry professional Jim Mountjoy.
PIK your partners wisely
Written off as a bubble phenomenon, PIK is creeping back into companies in distress. This is likely a sign of future troubles. Kimberly Romaine reports