Technology
GERMANY – Target Partners and BayTech lead USD 4.5m ChipVision funding
Target Partners and BayTech Venture Capital have led an internal USD 4.5m Series-B funding round for ChipVision Design Systems, a provider of low-power electronic design automation solutions.
SPAIN – Amadeus and GIMV back USD 12m Openbravo investment
Amadeus Capital Partners and Belgian venture capital firm GIMV have invested in a USD 12m funding round for software company Openbravo, alongside Spanish firm Adara Venture Partners.
SWEDEN - Eqvitec acquires Mantacore
Eqvitec Technology Fund III has acquired a majority stake in Mantacore AB, a supplier of complete policy management systems for insurance companies and brokers, for an undisclosed value, with the management retaining a minority shareholding in the business....
SPAIN – New seed capital fund launched
Savings bank Caixa Laietana and the Roca Junyent family office have launched Inveready Seed Capital, a new fund dedicated to seed capital investments.
FRANCE – Sofinnova et al. inject EUR 7m into Qosmos
A syndicate comprising Sofinnova, Alven Capital and GFK AG has invested EUR 7m into software company Qosmos in a third financing round.
UK - Seraphim puts £2m in Aria Networks
Seraphim Capital has invested ТЃ2m in Aria Networks, a developer of next-generation artificial-intelligence software.
FRANCE - VC consortium exits Realviz
A venture capital consortium consisting of Intel Capital, Eurazeo, MVI Sverige, HPI Holding SA, Edmond de Rothschild Investment Partners and Solaris Asset Management have all realised their investments in Realviz after it was purchased in its entirety...
CEE - Private equity consortium acquires GTS CE
A consortium led by Columbia Capital, M/C Venture Partners and Innova Capital has wholly acquired telecom service operator GTS Central Europe for an undisclosed sum. The consortium also includes HarbourVest Partners, Oak Investment Partners and Bessemer...
US/NORWAY – HitecVision sells Knowledge Systems
HitecVision has sold its stake in Knowledge Systems, a Sugar Land, Texas-based provider of geopressure and geomechanical software, to Halliburton Inc (NYSE: HAL) for an undisclosed value. The business was acquired through Landmark, a product service line...
UK - RJD acquires Comtec
RJD Partners has acquired Comtec, a specialist supplier of software solutions to travel agents, for an undisclosed sum. HSBC provided senior debt for the deal.
SWEDEN - Triton makes SEK 1.5bn bid for listed Cision
Triton, through Swedish holding company Cyril Acquisition AB, has made a public offer of SEK 1.5bn for Cision, a Stockholm based PR, IR and marketing communication and consultancy business. The bid is set to SEK 20 per share, which is a 66% premium compared...
FINLAND - Nordic Capital acquires CPS Color from IK
Nordic Capital has acquired CPS Color, a Vantaa-based supplier of tinting systems, from Industri Kapital for an undisclosed sum.
UK - Geocapital and HgCapital sell loss-making Axiom
Geocapital and HgCapital have sold service fulfillment software Axiom Systems Holding Ltd to Finnish telecom software solutions provider Comptel for ТЃ7m in an all-equity deal.
SPAIN – Nomura launches turnaround fund in Spain
Japanese investment bank Nomura has launched Thesan Capital in Spain, a private equity house specialising in turnarounds.
DENMARK - TDC buys back its own debt
TDC, the Danish telecom giant owned by KKR, Apax, Blackstone, Permira and Providence Equity Partners, has completed a debt-buy back of EUR 200m.
UK - CVC appoints new head of telecoms
CVC Capital Partners has appointed Lorne Somerville as new head of telecoms.
GERMANY - Cerberus evaluates opportunities in Germany
According to press reports, Cerberus is scouring Germany for potential acquisitions. It has been reported that the US house is interested in acquiring telecoms business SEN from Siemens and ailing bank IKB.
High stakes
Venture may be set for good times, but success will continue to be lumpy and enjoyed by a limited number of players
UK - HNW's back WorkSmart solutions MBI
A group of high-net-worth individuals has backed the management buy-in of niche compliance software business WorkSmart Solutions. The deal value is thought to be under ТЃ10m.
FRANCE – Natixis & Seventure launch new funds
Natixis Private Equity and its subsidiary Seventure Partners have launched two new funds. Natixis has launched FCPR fund called Natixis Dévelopment and Création 2008 which will seek to invest in small to mid-cap companies. More specifically, at least...