Technology
FRANCE - Neocase raises EUR 5.2m from Iris-led syndicate
Customer service software developer Neocase has raised a further EUR 5.2m in its third round of funding. The investment was provided by Iris Capital, Caisse des Depots et Consignations (CDC), and US IT services company Supporter Group.
GREECE - Apax and Texas to reap a fourfold return with TIM Hellas auction
Apax Partners and Texas Pacific Group have put a for sale sign on their portfolio company TIM Hellas, a Greek mobile services provider. According to press reports, the buyout firms have mandated Morgan Stanley and Lehman Brothers to begin an auction process...
ITALY - Carlyle to lead EUR 30bn bid for Telecom Italia businesses
According to reports in the Corriere della Sera, The Carlyle Group is planning a EUR 30bn bid for Telecom Italia's mobile telephony businesses. It will provide EUR 4bn of cash, while the other partners in the consortium, Permira and Blackstone Capital...
UK - SiConnect receives £700,000 investment from Esprit
Esprit Capital Partners has led an investment round for SiConnect Ltd. The ТЃ700,000 is part of a first tranche of second fundraising which comes from Esprit's Prelude Trust Plc fund and follows earlier investments of ТЃ1.3m in March 2006 and ТЃ2.8m in...
ITALY - All eyes on Telecom Italia's mobile telephony assets
According to reports in the Italian press, at least six private equity are interested in buying the mobile telephony businesses of Telecom Italia. It is understood that a consortium has been formed, which includes the likes of Texas Pacific Group, Blackstone,...
SWEDEN - Accel invests EUR 4m in Swedish software business
Telepo, a Swedish software company, has raised EUR 4m in funding from Accel Partners. The Telepo Business Communication Solution integrates mobile and fixed communication, VoIP and existing enterprise voice infrastructure, using standards based protocols....
SWEDEN - Eqvitec invests SEK 44m in Netadmin
Eqvitec Technology Fund III has agreed to invest SEK 44m in Linköping-based software company Netadmin. Netadmin has developed a system that gives network proprietors and broadband operators full supervision and control of all connected equipment, right...
GERMANY - Nord Holding takes majority in PDS Group
Nord Holding has acquired a 70% stake in PDS Group, Cologne, a systems integrator for mobile data capture systems. Raimund Müller-Rau, general manager of the company, retains the 30% balance.The vendor is MUK Kapitalbeteiligungsgesellschaft, a joint subsidiary...
GERMANY - Burda Digital Ventures acquires computeruniverse.net
Burda Digital Ventures GmbH, a subsidiary of Hubert Burda Media, has agreed to acquire computeruniverse.net GmbH, Friedrichshof. The vendors are the company's management and private investor Participia Holding, Hamburg. The acquisition is designed to...
ITALY - Carlyle courts Telecom Italia
The Carlyle Group is thought to be considering a bid for Telecom Italia’s mobile phone units. Other possible bidders include Spain’s Telefónica, the BT Group and Deutsche Telekom. The newspaper La Repubblica reported that Telecom Italia is planning to...
FRANCE - Investors make 2x on Swapcom sale
Iris Capital's Part'Com, Spef Venture, Banque de Vizille and Sudinnova have generated a 2x money multiple on the sale of their entire interest in French mobile solutions developer Swapcom to a subsidiary of Swisscom.
GERMANY - Nokia acquires gate5 from Innoven and Target
Innoven Partenaires and Target Partners have exited their stakes in gate5 AG, a supplier of mapping, routing and navigation software services.
UK - TA Associates acquires SmartStream from 3i
SmartStream Technologies, the software provider which through its Transaction Lifecycle Management solutions provides services to 70 of the world's top 100 banks, has been acquired by TA Associates. The deal represents an exit for previous majority shareholder...
FINLAND - CapMan exits Distocraft Ltd
CapMan funds have divested their stakes in software provider Distocraft Ltd to Ericsson for an undisclosed sum. With offices in Helsinki and Lahti, Distocraft develops telecommunications software products that enable network performance management and...
UK - Smedvig appoints new associate
Smedvig Capital has announced the appointment of Nicola Lando as a new associate. She joins Smedvig from Mercer Management Consulting.
UK - Dunedin backs £30m secondary MBO of Capula Ltd
Dunedin Capital Partners has announced that it has led the secondary management buyout of Capula Ltd, the UKтs leading independent provider of real time IT solutions to the energy and utility markets, from Bridgepoint. Dunedin backed the management team...
BELGIUM - Carlyle acquires FRS Global from S1 Corporation
The Carlyle Group and technology investor Kennet Partners today announce that they have acquired FRS Global from S1 Corporation (NASDAQ: SONE). FRS Global is headquartered in Belgium and employs 190 people. It has the largest installed customer base in...
UK - Summit sells shareholding in Global Address
The Summit Group, the independent venture capital business specialising in seed and development capital, and its 41.5% owned investment company, Summit Alpha, announce the sale of their investment in Global Address (formerly Optima Database Management...
UK - Quester realises investment in Sibelius
Quester has announced the realisation by Quester VCT Plc of its investment in Sibelius Software Ltd, the leading music applications software company, through its acquisition by Avid Technology Inc, a NASDAQ-listed technology company.
UK - Carlyle et al. exit from Trema
The four largest shareholders in Trema, The Carlyle Group, Investcorp, ABS Ventures and Norks Vekst announced the sale of Trema to Wall Street Systems, a portfolio company of Warburg Pincus. Terms of the transaction were not disclosed. Trema is a leading...
ITALY - Stirling Square backs MBI of Metroweb SpA
Stirling Square Capital Partners, the pan-European private equity firm, has announced that it has signed a definitive agreement to acquire Metroweb SpA. from Milan-based utility AEM SpA. Stirling Square is backing a team of experienced telecom managers...
UK - Strathdon Investments launches secondaries venture capital fund
Strathdon Investments Plc, the technology investment company, has announced that it has formed a new LP fund with a major investor and that the first transactions have been completed. Strathdonтs subsidiary, Strathdon Finance Ltd, will manage the specialist...
UK - Kennet Venture Partners sells Cramer to Amdocs
Kennet Venture Partners Ltd, a venture capital firm focused on the technology sector, had announced the sale of portfolio company Cramer to Amdocs, an industry leader in solutions that enable integrated customer management, for ТЃ205m ($375m). Cramer...