Technology
SWEDEN - Verdane Capital VI acquires three telecom companies
Verdane Capital VI KS has acquired three telecom companies, Ukvio, Itesco and Ahhaaa, from Inbox Investment AB for an undisclosed sum. Verdane Capital’s holding in the companies ranges from 6% to 33%.
UK - TA Associates delays SmartStream float
The bookbuilding period on TA Associate's flotation of software portfolio company SmartStream has been extended until next week. Conditional trading was expected to start today. News of the delay follows a reduction in the price of the offering by ТЃ100m...
UK - Pension Corporation makes play for telent Plc
Pension Corporation has made a 600p per share offer for telent, the only part of former industrial giant Marconi that remains independent. The deal represents a market capitalisation of ТЃ389m and has been recommended by telent's board. The trustees of...
UK - Montagu exits IT software insurance company in £276m deal
Montagu Private Equity has realised its investment in Open International, the specialist software supplier to insurance brokers. Montagu acquired the Worcester-based business in March 2006 for ТЃ182m and sold it to privately-owned insurance group Towergate...
CEE - AIG Investments appoints new managing director of AIG Capital Partners
AIG Investments has appointed Serkan Elden as managing director of AIG Capital Partners and President and CEO of AIG Blue Voyage Advisors. Elden will be based in Istanbul to lead AIG Capital Partners’ investment activities in Turkey and its surrounding...
UK - Octopus invests over £600,000 in internet technology company
Octopus Investments has completed an investment of more than ТЃ600,000 in the development of internet technology firm True Knowledge Ltd. The deal represents the first round of funding for the company.
UK - Kennet Partners appoints new director
International growth equity investor Kennet Partners has promoted Evan Frank to the position of director.
LATVIA - Blackstone leads $575m management buyout of Lattelecom
The Blackstone Group has invested $178m (Lt 90m), as part of a $575m management buyout and privatisation of Latvian telecom company Lattelecom. The sellers are the Latvian government (51%) and TeliaSonera (49%), the Swedish telecom operator. At the completion...
FRANCE - Iris Capital exits Vox Mobili
Iris Capital and other investors have sold Vox Mobili to OnMobile. Vox Mobili, a software solutions provider specialising in personal mobile data management, was set up in 2000 with financing led by Iris Capital and including several other European venture...
FRANCE - Edmond de Rothschild Capital Partners announces promotions
As of September 1, Edmond de Rothschild Capital Partners has promoted Thomas Mitard, Hervé Fonta and Sylvie Vergès.
UK - TA Associates to float SmartStream
TA Associates is to float its software portfolio company SmartStream next month. The IPO is seeking to raise ТЃ100m, of which ТЃ30m will be from TA's sale of a 20% shareholding in the company as it plans to reduce its stake to approximately 60%.
FINLAND - CapMan invests EUR 8m in Mawell
CapMan Technology 2007 Fund has invested approximately EUR 8m in Mawell, a software provider used in many Finnish and Swedish hospitals. As a result of the investment, CapMan becomes the largest shareholder in the company.
UK - LDC sells Telecom Service Centres for £40m
LDC has realised its investment in Telecom Service Centres (TSC) through a sale of the Scottish business to Indian counterpart Hero Ites. The deal values TSC at ТЃ40m. Hero Ites, part of Hero Group and with facilities in Delhi, will merge the two businesses...
AUSTRIA - tecnet equity invests in Senactive
Austrian venture capitalist tecnet equity has invested an undisclosed amount in real-time business performance management software provider Senactive. The new capital will be used to drive the company's European expansion.
UK - XMOS Semiconductor raises $16m for Software Defined Silicon
The creator of Software Defined Silicon (SDS) chips, XMOS Semiconductor, has secured US16m series-A venture capital funding.
DENMARK - iMotions Emotion Technology attracts $2.7m
iMotion Emotion Technology has attracted $2.7m from a number of business angels and previous investors, such as InVenture Capital and MIT Entrepreneurship Center.
GERMANY - The Carlyle Group sells Personal & Informatik AG
The Carlyle Group has sold its 66.54% stake in Personal Informatik AG (P&I), a German human resources & software and service vendor provider, to 35 institutional investors in Europe and United States in a book-building process managed by Berenberg Bank....