Technology
UK - Core Capital invests £5m replacement capital in Kelway
Core Capital has completed a ТЃ5m replacement capital investment in Kelway, a fast growing IT hardware and software reseller based in the UK, which focuses on supplying to companies in the SME market. Kelway is one of the UKтs leading resellers of computing...
GERMANY – ubitexx GmbH receives funding
BayBG has invested EUR 400,000 in Munich-based ubitexx GmbH, a specialist company for professional PDA and Smartphone solutions. The funding will be used for software development and expansion of existing distribution channels.
ITALY - Blackstone to scoop Italian telecom firms
After Blackstone's frontman Tony James confirmed the firm's interest in bidding for Telecom Italia, it is reported that the US buyout house is eyeing other Italian companies in the communications sector.
GERMANY – vertico software raises EUR 2m
FirstVentury Equity GmbH has invested EUR 2m in Karlsruhe-based VoIP manufacturer vertico software GmbH in a first financing round. The funding was made via the venture capitalist’s aeris Technology Fund.
FRANCE - OTC AM invests in picture certification software CodaSystem
OTC Asset Management has contributed EUR 1.7m in a EUR 2m second round of funding for digital photography certification company CodaSystem. The additional EUR 300,000 was invested by Cap Décisif, which had already injected EUR 500,000 in 2005.
PORTUGAL - Portugal Telecom's saga continues
Portuguese news reports suggest that telecoms regulatory body Anacom does still not approve the revised recommendations from the antitrust authority on Soneacom's EUR 13.9bn takeover bid for Portugal Telecom.
UK - North West Equity and NWBIS invest in SnG Technologies
Cheshire-based technology company SnG Technologies has received total funding of ТЃ250,000 from North West Equity Fund and NWBIS. The deal includes a further potential investment of ТЃ750,000 in aggregate based on progress within the business. SnG Technologies...
ITALY - Blackstone eyes Italian industrial giants
Reports in the Italian press suggest that US firm Blackstone is ready to invest in Telecom Italia and its TIM mobile unit, as well as assets belonging to electricity provider Enel SpA. Rumour has it that Blackstone's president Tony James will partner...
BELGIUM - GIMV appoints new Investment Directors
GIMV has announced that it has appointed Bart Diels and Alain Keppens as Investment Directors with immediate effect. Both Diels and Keppens have worked for GIMV as Investment Managers for more than 10 and 15 years within GIMV ICT and GIMV Corporate Investment...
UK - Baird Capital Partners Europe generates 3.5x return on Traffic Support exit
Baird Capital Partners Europe has realised its investment in Traffic Support Ltd, the innovative parking enforcement solutions company. Mouchel Parkman, the integrated support services company, has acquired the business for ТЃ21.5m. Added to a ТЃ4.8m...
PORTUGAL - The Riverside Company acquires ONI
The Riverside Company has agreed to acquire ONI SGPS SA, the wire-line telecom unit of Portuguese utility Energias de Portugal. The deal is valued at EUR 160m, and is expected to close early next year.
BELGIUM - Clear2Pay raises additional EUR 2m from Iris Capital
Clear2Pay,a Belgian software vendor of next generation payment solutions for financial institutions, has received a EUR 2m capital increase from Iris Capital. In addition, the telco and media venture capitalist has purchased existing equity for the value...
FRANCE - Former Wanadoo boss appointed partner by Sofinnova
Sofinnova Partners has announced the appointment of Olivier Sichel as partner.
UK - Review of private equity for HSBC
Like many of its banking competitors, HSBC is currently reviewing its position on private equity. Although its European private equity arm spun-off as Montagu Private Equity a number of years ago, HSBC retains a number of Asia-focused funds. Earlier this...
UK - Yahoo! corporate development executive joins Accel London
Accel Partners has announced that Simon Levene has joined the investment team in the London office. Levene's areas of expertise include internet, infrastructure, software and services.
UK - Primary sells Rhyme Systems to 3i-Infotech for £28m
Primary Capital has exited management software solutions company Rhyme Systems. The business has been acquired by 3i-Infotech Ltd, a global provider of IT solutions listed on the Bombay Stock Exchange, in a deal valued at ТЃ28m. The exit represents a...
UK - Merseyside Special Investment Fund backs SLR Technology Solutions
SLR Technology Solutions received almost ТЃ80,000 of funding from Merseyside Special Investment Fund to complete its proof of concept phase.
UK - Icera closes $20m investment from 3i
Icera Inc, the cellular wireless semiconductor company, today announced that 3i has invested $20m in the company as an extension to its recent series-C funding round, which now totals $60m. 3i joins an investor group comprising Benchmark Capital Europe,...
FRANCE - PagesJaunes deal closes
KKR and Goldman Sachs Capital Partners have announced the completion of their acquisition of France Telecom's 54% shareholding in directory business Pages Jaunes. With a unitary share price of EUR 22, the total value of the acquired interest amounts to...
FRANCE - Texas Pacific Group and AXA Private Equity buy 60% stake in TDF
Telecom broadcaster TDF has confirmed that an agreement has been signed for the acquisition by Texas Pacific Group and AXA private Equity of 42% and 18% of its equity, respectively.
UK - InforSense receives £5.3m funding led by FF&P Private Equity
InforSense Ltd, a leading provider of software to the life sciences, financial services and other industries has received a ТЃ5.3m investment led by Fleming Family and Partners Private Equity (FF&P). Imperial Innovations provided ТЃ1.6m of the total funding...
FRANCE - Open-Plug raises $15m from Baytech-led syndicate
Open-Plug has raised a $15m second round of institutional funding from a syndicate of investors led by Munich-based BayTech Venture Capital. Other investors included SGAM AI Private Equity and first round sponsors Auriga, I-Source Gestion, Siparex Ventures...
UK - Scott Mead joins Apax
Scott Mead, formerly of Goldman Sachs, is to join Apax as the chair of its global technology and telecommunications advisory board. He left the investment bank, where he was credited with shaping the telecoms industry in the dotcom era, two years ago....
UK - Northgate next private equity target
Shares at Northgate Information Solutions, a specialist software and IT services group, have risen over the last few months and are now approaching 100p per share on the back of rumours that the company will be delisted by private equity.