Technology
ITALY – MPS Ventures in IT acquisition
MPS Ventures and Sapient spa have acquired software company Gruppo Datel.
FINLAND - Investcorp acquires Asiakastieto from GMT
Investcorp togther with management has acquired Asiakastieto, Finland’s largest credit and business information company, for an undisclosed sum from GMT Communications Partners III LP.
FRANCE – I-Source and OTC inject Rhapso with EUR 3.5m
I-Source Gestion and OTC Asset Management have invested EUR 3.5m in Rhapso in a second round of financing. The investment comes two years after I-Source’s initial investment of EUR 600,000.
UK - Bowmark backs Datix buyout
Bowmark Capital has backed the management buyout of healthcare software provider Datix.
UK - NVM exits TFB for £9m
NVM has exited Technology for Business (TFB), a provider of specialist IT systems for law firms.
ITALY – MPS Ventures in double IT investment
MPS Ventures and Sapient spa have acquired software companies Datel and Cedass in a deal valued at EUR 20m.
EUROPE – DN Capital reaches EUR 50m first close
Unquoteт has learned from a limited partner that European early stage and growth equity investor DN Capital has reached a first close of its second fund, Global Venture Capital II (GVC II). The fund raised just under half of its EUR 100m target and should...
UK - Inflexion sells stake in Tekton for £21m
Inflexion Private Equity has sold it stake in software provider Tekton Group for ТЃ21m to Sage.
UK - Braveheart invests in AppShare
Braveheart Investment has taken part in a ТЃ180,000 funding round in software developer AppShare Ltd alongside University of Strathclyde.
UK - Accel hires new partner
Accel Partners has hired Sonali De Rycker as partner. She will join Accel's team in London.
UK - Maverick invests $50m in Realtime Worlds
Maverick Capital has invested $50m in a third round of funding in game developer Realtime Worlds.
2008 DVCA Toplederconference
On 5 March, the Danish Venture Capital Association held its annual venture capital and private equity conference in Copenhagen. The day-long event included a number of high-profile speakers and a bit of controversy ... Linn Ronning reports
UK - GLG in $100m funding round for SpinVox
GLG Partners, Blue Mountain Capital and Toscafund Asset Management have invested $100m alongside Goldman Sachs in SpinVox, a speech recognition technology group.
GREECE – Marfin sells 20% of OTE in a EUR 2.5bn transaction
Marfin Investment Group has sold its 20% stake in Greek telephone company OTE to Deutsche Telekom in a deal valued at approximately EUR 2.5bn.
FINLAND - Conor Ventures invests in Eniram
Conor Ventures has invested an undisclosed amount in Eniram, a Finnish developer of instruments for the maritime industry.
UK - Partnership Investment and YFM invest £1m in REM Probe
Partnership Investment Finance and YFM Venture Finance have invested ТЃ1m in software company REM Probe. YFM invested through its Yorkshire and Humber Equity Fund.
Ireland - Delta Partners and Enterprise Ireland exit Xiam
Delta Partners and Enterprise Ireland have sold their stakes in software company Xiam to Nasdaq listed Qualcomm. Qualcomm has acquired Xiam for $32m.
NORWAY - Eqvitec backs KSD Software Norway
Eqvitec Technology Fund III has invested in KSD Software Norway AS, an Oslo-based software company.
UK - Third Financial changes name
Third Financial, launched last year by Stewart Foster and Roger Foster to take controlling stakes in companies operating in the financial software and services sector, has changed its name to Third Financial Ventures.
SPAIN – Debaeque invests in software firm Oasyssoft
Barcelona-based venture firm Debaeque has invested EUR 3m in software company Oasyssoft.
Opportunities for innovation
A survey published at the end of January by the Organisation for Economic Co-operation and Development (OECD) reported a very positive situation for the Netherlands. Despite stagnation at the beginning of the century, the Dutch economy is now in good...