Technology
UK - SEP et al. provide VirtenSys with $12m series-B funding
Scottish Equity Partners (SEP) and other existing investors Celtic House Venture Partners and GIMV have participated in a $12m series-B funding round for VirtenSys Ltd. The same syndicate of investors first provided the company with a series-A $12m investment...
CEE - ING appoints new director to CEE team
ING Leveraged Finance and Sponsor Coverage Business has hired David Ryba as a director of its CEE team. This addition takes ING's CEE team to five professionals.
UK - BOSIF invests £12m+ in Quartix
Bank of Scotland Integrated Finance has invested a combined debt and equity package in excess of ТЃ12m in Quartix Ltd, a supplier of vehicle tracking systems. As a result of the deal, BOSIF has taken a 20% stake in the business, the balance is held by...
UK - ISIS backs £20m buyout of software company
ISIS Equity Partners has completed the ТЃ20m management buyout of CSC, a structural engineering software company. Yorkshire Bank provided a debt package to support the deal.
UK - Zeus completes MBO of XLN Telecom
Zeus Private Equity (ZPE) has completed its fourth deal, backing the management buyout of telecommunications solutions provider, XLN Telecom Ltd. ZPE has invested ТЃ6.63m to acquire a majority stake in the business. Kaupthing Singer & Friedlander has...
UK - MSIF supports Host Telecom with £100,000
The Merseyside Special Investment Fund's (MSIF) Liverpool Seed Fund has invested ТЃ100,000 to support Host Telecom, developers of a new mobile phone advertising application.
EUROPE - Investcorp Technology Fund exceeds target by $100m closing on $500m
Investcorp Technology Partners (ITP) has completed the fundraising for its latest vehicle Investcorp Technology Partners III (ITP Fund III) raising $500m. The final close exceeded the fund's initial target of $400m and beats the $300m raised for ITP Fund...
NORWAY - Index, Teknoinvest and NorthZone complete final exit from listed-Trolltech
Trolltech, a Norwegian cross-platform software developer, previously backed by Index Ventures, Teknoinvest and Northzone Ventures, has signed an agreement to be acquired by Nokia for NOK 843m, corresponding to NOK 16 per share.
FRANCE - Seventure takes 10% of Sidetrade
Seventure Partners has acquired a 10% stake in software firm Sidetrade. In 2007 Sidetrade recorded a turnover of EUR 7.34m, a 34% increase on the previous year. The company forecasts growth of 22% between 2007 and 2011.
FRANCE - A Plus Finance invest EUR 2m in Novalys
A Plus Finance invested EUR 2m in software company Novalys. Novalys generates 40% of its turnover in Exports. The investment will be used to continue its expansion abroad.
ITALY - Intesa Sanpaolo invests EUR 7m in software company
Intesa Sanpaolo has taken a 23% stake in software company Dedalus in a deal valued at EUR 13.6m, to which the investor provided EUR 7m.
FRANCE – I-Source Gestion closes new fund I-Source 3
I-Source Gestion has closed I-Source 3 on EUR 60m. The fund will be used to continue I-Source’s early-stage venture investments in information and communication technology companies in Western Europe.
GERMANY/UK - Wellington closes EUR 265m fund and opens London office
Venture capital firm Wellington Partners has made two announcements that show a shift towards pan-European venture. The VC has closed a EUR 265m fund, Wellington Partners IV Technology, surpassing its target of EUR 250m in just over six months. The fund...
UK - Catapult supports £500,000 FDTEK funding
Catapult Venture Managers has invested ТЃ330,000 as part of a ТЃ500,000 financing round for information technology company FDTEK Holdings Ltd.
UK - The Capital Fund backs £450,000 2sms financing
The Capital Fund has invested ТЃ250,000 as part of a ТЃ450,000 financing round for mobile phone messaging services provider 2sms. The balance of the equity has been supplied by Richard Goldstein, an experienced SME investor, who has joined the 2sms board....
UK - Accel Partners leads $15.5m OpenAds funding
Accel Partners has led a $15.5m series-B funding round for online advertising platform OpenAds, alongside exisiting investors Index Ventures, First Round Capital, Mangrove Capital Partners and O'Reilly AlphaTech Ventures.
GERMANY - KfW joins other VCs in backing Protagen AG
Kreditanstalt für Wiederaufbau (KfW) has joined existing lead investors MIG AG and Co KG Beteiligungsfonds 3 and S-Venture Capital Dortmund GmbH in raising EUR 1m in interim financing for protein research company Protagen AG. This is the third round of...
UK - Francisco Partners leads Data Connection funding
San Fransico and London-based venture capital firm Francisco Partners has led a significant investment round for telecom networking company Data Connection Ltd, alongside strategic partner Sequoia Capital.
NETHERLANDS - Buyout groups line up for $1bn sale of Exact software
According to reports, Exact Software, a company listed on Euronext Amsterdam, is being auctioned off for $1bn. It is understood that Candover, HgCapital, Hellman & Friedman and Providence Equity Partners have expressed interest in acquiring the company....
DENMARK - NorthCap injects $2.3m in Zmags
NorthCap Partners has injected $2.3m in Zmags, a Copenhagen-based online publications specialist.
UK - Babcock & Brown sets sights on Forth Ports
Babcock & Brown (B&B), the Australian infrastructure fund, has bought a 20% stake in listed-ports operator Forth Ports. The Scottish-based business operates ports in Edinburgh, Dundee and London. According to some reports B&B's acquisition could be followed...
GERMANY - L-EA and SEED fund Trivid with EUR 2-5m
L-EigenkapitalAgentur and SEED have invested a total of EUR 2-5m in Trivid GmbH, a provider of online video and content solutions in a Series A round. L-EigenkapitalAgentur has acquired the bigger stake in the company, with the total of equity held by...
UK - Foresight and SPARK exit software business
Foresight Group and SPARK Venture Management, through its Quester VCTs, has sold software business Nomad Payments Ltd to Metavante Technologies, Inc for $58m. Nomad is a provider of prepaid and debt card processing and licensed software. The exit generated...