Unquote
UK - CBPE Capital meets revised target; closes eighth fund on £405m
CBPE Capital has now confirmed that it has closed its latest fund, CBPE Capital Fund VIII, on ТЃ405m, below its initial ТЃ500m target, but still greater than its predecessor vehicle which closed on ТЃ360m in 2004.
UK - Balderton-backed Codemasters to undergo restructuring
Computer games developer Codemasters, owned by UK venture investor Balderton Capital, is reportedly close to agreeing a restructuring that will see its private equity owners inject fresh equity into the business, while seeing its stake diluted.
SWEDEN - Sunstone in EUR 12.5m FlatFrog funding
Financial investor Invus and strategic backer Promethan have co-led a financing round for technology business FlatFrog Labratories, in which existing investor Sunstone Capital also participated, worth EUR 12.5m.
UK - NESTA makes two new hires
NESTA, the National Endowment for Science Technology and the Arts, has appointed Dr Mike Lynch as chair of its investment committee and Matthew Mead as managing director of investments.
GLOBAL - Hermes creates PE advisory service for responsible investing
Institutional investor Hermes has established a service designed to advise private equity firms on implementing responsible investment principles and good corporate governance, hiring Tom Rotherham as associate director of the new business.
US/EUROPE - Atlas Venture to consolidate in Boston
Atlas Venture has announced that during 2010, the firm will streamline all of its operations from a new office in Boston.
EUROPE - Exciting times for venture
Venture's simple business model of providing equity without relying on cheap finance or financial chicanery stands it in good stead for the future, argues Index Ventures' Ben Holmes in a recent video with unquote's Rikke Eckhoff.
GERMANY - Triangle and ERP invest EUR 2.5m in TakWak
Triangle Venture Capital and ERP Startfonds have invested in TakWak, a spinout from FG Microtec, in a funding round worth EUR 2.5m.
GERMANY - Odewald-backed walter services makes acquisition
walter services Holding, which is backed by Odewald & cie and caption, has agreed to acquire SEB Card Service from Swedish banking group SEB.
UK - CBPE nears £400m close for eighth buyout fund
Close Brothers Private Equity is reportedly near a ТЃ400m close for its maiden fund, below its initial ТЃ500m target.
UK - YFM invests £120,000 into New Net Technologies
YFM, alongside management, has invested ТЃ120,000 into software company New Net Technologies in a second round of financing for the business.
UK - Finance Wales invests £315,000 into Ocelus
Finance Wales has invested ТЃ315,000 in drug company Ocelus as part of a second funding round worth close to ТЃ500,000.
UK - Moulton appointed non-exec chairman of finnCap
Private equity veteran Jon Moulton has been appointed non-executive chaiman of finnCap, the specialist growth company adviser and broker.
UK - ICG close to securing 25% stake in CPA
Ripe from its largest ever capital gain on the ТЃ975m Apax-Marken deal at the end of December, ICG is reportedly close to acquiring a 25% stake in CPA Global, the Jersey-based patent and legal services firm, in a ТЃ400m deal.
UK - ISIS realises part of its investment in Traveljigsaw through refinancing
ISIS Equity Partners has realised part of its investment in online travel agent Traveljigsaw through a multi-million pound refinancing, which sees Yorkshire Bank more than double the facilities available to the business.
UK - Lyceum Capital acquires UKDN
Mid-market investor Lyceum Capital has acquired a majority stake in drainage claims manager UK Drainage Network for an undisclosed sum.
GERMANY - Acton acquires stake in mytheresa
Acton Capital Partners has acquired a minority stake in luxury online retailer mytheresa through an undisclosed investment.
UK - Phoenix sells Acorn Care & Education to Ontario Teachers
UK-based buyout firm Phoenix Equity Partners has agreed to sell its portfolio company Acorn Care & Education, a provider of foster care services and schools for children with learning disabilities, to one of its biggest LPs, Ontario Teachers Pension Plan....
NETHERLANDS - PPM Oost backs Heli-One MBO; re-brands NedAero
PPM Oost has backed the management buyout of aircraft parts manufacturer Heli-One Components from CHC Helicopter Corporation, acquiring a 30% stake in the new company which will trade as NedAero company.
DACH - Finatem reaches EUR 120m for third fund
Finatem has held a first close of its third fund, Finatem III, on EUR 120m, around 80% of the target.
UK - Clessidra seeks buyer for Prenergy Power
Italian buyout house Clessidra is said to be seeking a buyer for Prenergy Power, a biomass plant.
UK - MTI and YFM to manage £9m NWDA fund.
MTI Partners and YFM Group have received a mandate from the Northwest Regional Development Agency to jointly manage a new ТЃ9m capital pool.
UK - Bestport in £4.5m round for Intela
Bestport Ventures has led an investment in internet marketing company Intela, committing a little over ТЃ3m in a round totalling ТЃ4.5m. ETV Capital will provide the remainder in facilities and loans.
UK - Braveheart launches Beta EIS Fund
Braveheart Ventures has launched its Beta EIS Fund, a successor to the Group's Alpha EIS Fund.