News
FRANCE/US - Elaia et al. invest EUR 11m into GOOM Radio
Elaia Partners, Partech International, Wellington Partners and 123 Venture have invested EUR 11m into Go On Media, the owner of digital radio station GOOM Radio.
UK - BlueGem invests £15m into Panmure
Mid-market investor group BlueGem Capital Partners has invested ТЃ15m into beleaguered listed stockbroker Panmure Gordon, taking a 40% stake in the business.
UK - Celerant Consulting expands private equity team
Management consultancy firm Celerant Consulting has hired Christopher Juul as executive vice president focused on the private equity business development.
SWEDEN - CapMan sells Xlent to management
CapMan has sold its 28% stake in Swedish business XLENT Consulting to company management, backed by activist investor Neqst Partner.
SWEDEN - CapMan acquires Metals and Powders
CapMan has acquired a majority stake in the family-owned business Metals and Powders Holding AB (MPH).
AUSTRIA - Perusa sells Guss Komponenten to mutares
Perusa Partners has sold metal parts company Guss Komponenten GmbH to listed mutares AG for an undisclosed sum.
GLOBAL - CP Eaton Partners appoints Rinaldi
Global placement agent CP Eaton Partners has appointed Dawn Rinaldi as chief operating and chief financial officer.
EUROPE - AlpInvest partner joins Apax board
AlpInvest managing partner Wim Borgdorff has joined Apax Partners' board of advisers.
UK - Deloitte appoints restructuring and distressed fund specialist
Business advisory firm Deloitte has hired Nick Robinson as a director of its UK reorganisation services team.
UK - Clifford Chance partner transfers to Hong Kong office
Simon Cooke, a London-based private equity partner at law fim Clifford Chance, is relocating to the firm's Hong Kong office.
UK - Accel Partners et al. complete £4m Autoquake investment
Accel Partners and Highland Capital Partners have further backed online used-car retailer Autoquake with a ТЃ4m investment.
UK - Ex-Court Square partner launches Olmeto
Michael Gollner, formerly a partner at private equity house Court Square Capital Partners, has established Olmeto Capital Partners, a new UK-based investor group.
FINLAND - Nexit-backed Limbo to merge with Brightkite
Nexit Venture-backed mobile social networking site Limbo has merged with fellow social networking platform Brightkite. The two communities will operate under the brand name Brightkite.
GERMANY - Doughty backs SoundCloud with EUR 2.5m
Doughty Hanson Technology Ventures has invested EUR 2.5m into online music platform SoundCloud.
UK - Axa interested in Hutton-backed JHA
Axa Private Equity is known to be one of four bidders that have submitted a first round offer for James Hull Associates (JHA), a cosmetic and specialist dental chain that is backed by mezzanine house Hutton Collins.
FINLAND - NorthZone et al. invest $15m into Imbera
NorthZone Ventures, Index Ventures, and Conor Venture Partners have invested $15m into technology company Imbera Electronics as part of a series-B funding round.
GLOBAL - Goldman raises $5.5bn secondaries fund
Goldman Sachs has reportedly closed its new secondaries fund, GS Vintage Fund V, on $5.5bn - ahead of its $5bn target.
UK - Wales Fund Managers hires two
Wales Fund Managers (WFM) has hired Scott Barham and Bryony Ellison to its investment team.
SWEDEN - KKR et al. back buy-back of Skype
Private equity groups KKR, Warburg Pincus, Providence, and Elevation Partners are reportedly backing Skype founders Niklas Zennstrom and Jannus Friis in their bid to re-acquire the global telecommunications company from eBay.
UK – VCTs defy cynics to raise £153m last year
Despite concerns the UK's venture capital trust managers would this year raise only ТЃ50-100m due to adverse economic conditions, the industry attracted an impressive ТЃ153m in the 2008/2009 tax year.
FRANCE - Crédit Agricole PE and Scientipôle Capital in EUR 1m round for SaaS firm
Crédit Agricole Private Equity and Scientipôle Capital have invested EUR 1m into software as a service company (SaaS) firm Scan & Target in a series-A round.
GERMANY – DVC leads EUR 8m round in KeyNeurotek Pharmaceuticals AG
DVC Deutsche Venture Capital has led a EUR 8.2m Series-C round of funding for KeyNeurotek Pharmaceuticals AG.
FRANCE – 21 Partners launches EUR 500m fund
According to sources, Franco-Italian private equity firm 21 Partners has launched a EUR 500m fund.
ITALY – PAI-backed Saeco could be sold to Philips
Market rumours suggest that PAI Partners' portfolio company Saeco, manufacturer of coffee machines, could be sold to Dutch giant Philips.