News
UK - VC-backed businesses face funding shortfall
A new survey, conducted by Populus on behalf of the BVCA, has found that the majority of UK-based venture capitalists expect deal activity to decline in 2009, with more than half of those surveyed anticipating a significant slide against 2008.
GLOBAL - Permira bulks up Technology team
Permira has strengthened its technology team with the appointments of Brian Ruder and Bruce Chizen as a partner and senior advisor, respectively.
SPAIN – Gallo to leave 3i
Reports suggest that Pablo Gallo, a partner in 3i's Madrid office, is to depart the firm after 11 years.
UK /RUSSIA - Ivory transfers to BLP's Russian office
International law firm Berwin Leighton Paisner (BLP) has announced that Ian Ivory, a London-based corporate finance partner, is to join the it's new Russian subsidiary office in Moscow.
FRANCE - 21 Centrale Partners bolsters investment team
Franco-Italian investment house 21 Centrale Partners has announced the appointments of Jacques Rossignol and Xavier Payet as partner and investment manager respectively, as well as the promotion of Vincent Menudier to investment manager, at its Paris...
FRANCE - Alto Invest et al. invest EUR 3m into Wanimo
Alto Invest has provided EUR 2m as part of a EUR 3m second round of financing for Wanimo.com, with the balance provided by returning investors Alven Capital and Entrepreneur Venture.
GERMANY - HTGF invests EUR 500,000 into Liquiverse
High-Tech Gründerfonds has invested EUR 500,000 into software business Liquiverse.
CEE - Grispeth launches investment advisory boutique
Grispeth Holdings has announced the launch of an investment advisory boutique focused on project and venture finance in Russia and Eastern Europe, as well as in Central & South America and Asia.
GLOBAL - LPs 'will find a way out'
"There's no question, that on our new deals, we'll have the availability to get out," said Rafael Stone of Washington State University's Board of Regents, speaking at the unquote" South African Private Equity Congress in Cape Town this morning.
SWEDEN - Altor and Bure acquire Carnegie for SEK 2.3bn
Swedish private equity firms Altor Equity Partners and Bure Equity have jointly acquired Swedish investment bank Carnegie and its seperate business unit Max Matthiessen Holding, a pension and insurance adviser, from the Swedish National Debt Office for...
FRANCE - Cerenis raises EUR 2.5m
Cerenis Therapeutics SA, which is backed by Alta Partners, EDF Ventures, HealthCap Private Equity, NIF Ventures, OrbiMed, Sofinnova Partners and TVM Capital, has raised EUR 2.5m from OSEO, a French public holding company that provides financial support...
ROMANIA - GED to acquire Diamedix for EUR 15m
Spanish private equity firm GED Capital is set to acquire a controlling interest in Romania-based medical equipment distributor Diamedix in a deal thought to be valued at approximately EUR 15m.
FRANCE - Siparex backs Greenwich OBO
Siparex has supported an owner-buyout of management consulting partnership Greenwich Consulting, taking a 17% stake in the company. The business will be renamed TwentyOne.
FRANCE - CDC CI and Ouest Croissance acquires Groupe Marais
CDC Capital investissement (CDC CI) and Ouest Croissance have acquired trenching company Groupe Marais in a management buyout.
NORWAY - Northzone et al. back ChapDrive with NOK 52m
Existing investors NorthZone Ventures, Hafslund Ventures and Energy Capital Management (formerly StatoilHydro Ventures), alongside new backers StatoilHydro and Innvovation Norway, have invested NOK 52m into Chapdrive, a developer of patented systems for...
UK - MMC makes £2m Small World investment
MMC Ventures has invested ТЃ2m into retail financial services provider Small World Financial Services Group.
UK/NETHERLANDS - HgCapital to close Amsterdam office and consumer team
HgCapital has announced that it is to close its office in Amsterdam and its London-based consumer and leisure team.
UK - 3i-backed Civica makes two acquisitions
3i-owned software solutions provider Civica, through its subsidiary Civica Pty Ltd, has acquired Queensland-based Practical Computer Services Pty Ltd and the local government business of electionz.com, based in New Zealand.
UK - NorthStar invests £420,000 into MySapient
NorthStar has invested ТЃ420,000 as part of a ТЃ610,000 funding round for virtual gaming site MySapient.com, with the management and directors of the company providing the balance.
GERMANY/US - Neuhaus and ERP back sofatronic
Returning backer Neuhaus Partners and ERP-Startfond have invested an undisclosed seven-figure sum into blue-ray company sofatronic GmbH in a second round of funding.
BELGIUM - GIMV et al. invest EUR 13.5m into ActoGeniX
A consortium of investors, including existing backers Gimv, Biotech Fund Flanders, Baekeland Fund, VIB, LSP, Aescap Venture and Ventech, as well as new investor Biovest, have invested EUR 13.5m round into biopharmaceutical business ActoGeniX in a series-B...
EUROPE - Clemens Vedder branches out into private equity
Clemens Vedder's Goldsmith Investments has launched a private equity fund targeting EUR 700m to EUR 1bn of assets.