Technology
Borromin sells Guntermann & Drunck to Naxicap
SBO will result in returns of 3.9x money and 30% IRR, according to a source close to the situation
WestBridge buys Eque2 for £46.5m from LDC
Between 2017 and 2020, the business increased revenues by 29% and EBITDA by 85%, according to a statement
Rockpool invests in Xiatech
Martin Moran joined Xiatechтs board at completion of the deal as chairman
Eurazeo Growth, Dawn Capital lead €85m round for Tink
Other investors include HMI Capital, Paypal Ventures, Heartcore and Opera Tech Ventures
Octopus, BGF lead $24m round for Orbex
Existing investors High-Tech GrУМnderfonds, Heartcore Capital and Elecnor also participated
HVD Partners sells Solifos to trade
Turnarounds specialist scores 9x MM and an IRR of 135% on the sale, according to a statement
Digital+ Partners leads VMRay series-B extension
Round brings the malware detection software's series-B to $25m; eCapital has also invested
ECI sells Arkessa to trade for 2.1x return
Arkessa was held in ECI Partners' 10th fund, which closed on ТЃ500m in 2014
EQT Ventures leads $44m series-B for Cleo
Existing investors Balderton Capital and LocalGlobe also participated in the round
Verdane invests in AsGoodAsNew
Verdane has previously made 30 investments in the e-commerce sector, the GP said to a statement
Mid Europa to acquire Sage Group's Polish business
Software business is valued at £66m and the sale process saw interest from a number of sponsors
One Peak leads $28m investment in Brightflag
Existing investors Sands Capital Ventures and Frontline Ventures also participate in the round
Enterprise Investors to carve out Software Mind from Ailleron
GP will deploy equity from its Polish Enterprise Fund VIII, which held a first and final close on €498m
VCs in $36.7m series-C for Weaveworks
Weaveworks will use the fresh capital to enhance its platform and accelerate market expansion
Insight Partners leads £100m investment in Exclaimer
New investor Farview Equity Partners and existing investor Livingbridge both participate
Carlyle acquires IC Consult Group
Primary buyout from CETP IV sees the IAM software company's management team retain a minority stake
Rundit raises €1m in seed funding
Startup was founded this year and has so far raised тЌ1.6m in total
Investcorp sells Avira, nets 200% IRR
Cybersecurity company saw EBITDA increase by 80% during the eight-month investment period
EQT Ventures leads €50m series-B for Luko
Company intends to use the fresh capital to further boost its product development and scale up its team
Permira leads €150m round for Catawiki
Accel also backs the round for the Netherlands-based online auction platform
GP Bullhound leads €3m series-A for Elias Software
Company will use the proceeds to fuel product development and international expansion
Hg-backed IT Relation bolts on Improsec
With the latest acquisition, IT Relation will add cybersecurity as its fourth business area, alongside cloud services, business consultancy and professional services
Horizon's Timico buys Arcus Cloud Services
Horizon bought a majority stake in Timico in 2016 via a deal valuing the company at more than ТЃ50m
Swisscom leads CHF 20m series-A for Anybotics
Equity Pitcher and Ace & Company are also investing in the autonomous industrial robot developer