News
UK - Impax invests £4m into New Earth Solutions
Returning investor Impax Asset Management has invested a further ТЃ4m into recycling company New Earth Solutions, taking its stake in the business to above 16%.
GLOBAL - Siemens launches venture capital fund-of-funds
Siemens Venture Capital GmbH has launched Siemens Global Innovation Partners I GmbH & Co. KG (SGIP I), a $200m fund-of-funds that will invest in venture capital funds worldwide as well as select growth capital funds.
DACH - PINOVA Capital holds first closing on EUR 50m
PINOVA Capital has announced a first closing of its first fund, PINOVA Fund I, on EUR 50m.
SWITZERLAND - Capital Group cuts staff
US private equity firm Capital Group International is cutting 105 of its 350 Geneva-based staff, citing as a reason a decrease in assets under management.
UK - ECI supports Axell acquisition
ECI Partners has backed portfolio telecommunications equipment company Axell Wireless, a provider of wireless coverage solutions, in its acquisition of Israeli competitor Dekolink.
UK - LDC hires investment director
LDC has hired Catherine Houghton as investment director in the firms Manchester office.
UK - Doughty supports $4m Clearpace funding
Doughty Hanson has participated in a $4m funding round for archive store specialists Clearpace Software, alongside other existing investors.
ITALY - Kingsbridge approached by fashion holding
According to reports private equity house Kingsbridge has been approached by fashion business IT Holding regarding a potential EUR 100m investment.
UK - AIM VCTs struggle
According to figures released by the Association of Investment Companies (AIC), VCTs which invest in AIM quoted businesses have returned on average just 50% of capital invested over the past five years, and just 54% in 2008.
GERMANY - TGFS invests in UroTec GmbH
Technologiegründerfonds Sachsen (TGFS) has invested in Dresden-based biotechnology company UroTec GmbH.
FINLAND - Nexit Ventures holds third close on EUR 85m
Nexit Venture has raised a further EUR 10m for its mobile and wireless venture fund, Nexit Infocom II, bringing total commitments to EUR 85m.
FRANCE - BNP PE and UFG PE invest EUR 1.5m into Petits Petons
BNP Paribas Private Equity and UFG Private Equity have backed a EUR 1.5m second round of funding for Petits Petons, a distributor of children's shoes.
FRANCE - BNP PE and UFG PE invest EUR 1.5m into Petits Petons
BNP Paribas Private Equity and UFG Private Equity have backed a EUR 1.5m second round of funding for Petits Petons, a distributor of children's shoes.
BULGARIA - 3TS Capital Partners supports Investor.bg
3TS Capital Partners, through the 3TS Cisco Growth Fund, has invested an undisclosed sum into Investor.bg AD, an online media company based in Bulgaria, taking a 17% stake in the company.
BELGIUM - Gimv appoints Peter Maenhout
Gimv has appointed Peter Maenhout as executive vice president.
UK - Private equity to target consumer sector P2Ps
A new report reveals that 94% of private equity houses are likely to consider take-private deals over the next two years, with quoted companies in the consumer sector seen to be the most conductive to such transactions.
FRANCE - Neptune Technologies backs EUR 3m Squid Solutions funding
Neptune Technologies and Banque de Vizille, along with a number of private investors, have invested EUR 3m into Squid Solutions, a customer intelligence software company, in a first round of financing.