News
NORWAY - Picasso et al. invest NOK 73m into Lytix
Norwegian drug developer Lytix Biopharma has secured NOK 73m funding from existing investors including Picasso Kapital AS, SåkornInvest Nord AS, The University of Tromsø and Norinnova AS, among others.
UK - Close Ventures spins out; renames itself Albion
Close Ventures has bought itself out from the Close Brothers Group umbrella.
FRANCE - Oddo invests EUR 3m into Mixicom
Oddo Private Equity has invested EUR 6m into publishing company Mixicom.
UK - Phoenix appoints two to management committee
Phoenix Equity Partners has appointed partners David Burns and Richard Dew to its Management Committee.
FRANCE - Seventure returns for EUR 11.5 financing of assurOne
Returning investor Seventure Partners has alongside new investors CDC Entreprises and Philippe Louis-Dreyfus invested EUR 11.5m into assurOne, an internet insurance provider.
UK - Praxis acquires IASL
Praxis Fund Services has announced the signing of an initial agreement to acquire rival fund administration business Investec Administration Services Ltd.
UK - Cogent promotes managing director and appoints associate
Secondaries advisory specialist Cogent Partners has announced the promotion of Bernhard Engelien to managing director and the appointment of Briac Houtteville as associate in its London office.
FRANCE - Platina purchases Compobaie assets
Platina Partners has acquired the assets of Compobaie, a producer of pre-fabricated window units for residential housing, from the French courts, forming Compobaie Solutions SAS.
FRANCE - Sofinnova leads EUR 6m DBV funding
Sofinnova Partners has provided EUR 4m as part of a EUR 6m financing round for biopharmaceutical company DBV Technologies, with the balance being supplied by new investor ALK-Abello, a leading worldwide immunotherapy company.
EUROPE - Final quarter records lowest deal value for a decade
Though it will come as no surprise that private equity investment in Europe dropped considerably in the final quarter of 2008, the scale of the decline just might; with deal value sliding 59% against the preceding three months from around EUR 20bn to...
GLOBAL - CalPERS hires investment chief
US pension fund CalPERS has appointed Joseph Dear, the head of the Washington state fund, as its new chief investment officer following a nine-month search.
UK - Cognetas in restructuring talks
It is understood that Cognetas is in talks with lenders about restructuring the debts in four of its portfolio companies, namely: SGD, the 110-year-old French glassmaker; plastic surgery group Covenant Healthcare, owner of the UK's leading breast enhancement...
FRANCE - Naxicap and ICSO invest EUR 3.4m into Exakis
Naxicap Partners and IRDI-ICSO have returned for a EUR 3.4m third round of financing for IT advisory services company Exakis, with each providing half of the total.
FINLAND - Nexit Ventures and FII support Axel with EUR 2.4m
Existing investors Nexit Ventures and Finnish Industry Investment Ltd (FII) has invested EUR 2.4m in multistandard mobile TV developer Axel Technologies.
FINLAND - FII, InnKap and Tempo Capital back Silecs with EUR 6m
Government-backed Finnish Industry Investment Ltd (FII) has alongside InnovationsKapital and Tempo Capital Partners invested EUR 6m in Silecs Oy, a developer of materials for the microelectronics industry.
FINLAND - FII, InnKap and Tempo Capital back Silecs with EUR 6m
Government-backed Finnish Industry Investment Ltd (FII) has alongside InnovationsKapital and Tempo Capital Partners invested EUR 6m in Silecs Oy, a developer of materials for the microelectronics industry.
US - Obama appoints VC to head Small Business Administration
Newly inaugurated US President Barack Obama has appointed Karen Mills Gordon to head up his Small Business Administration, demonstrating his faith in private equity as a driver of economic growth.
NETHERLANDS/UK - PTV fund reaches EUR150m target; expands team
Amsterdam and Cambridge based venture capital firm, Prime Technology Ventures (PTV), has reached the EUR 150m target for its latest fund and is approaching its hard cap despite the difficult fund raising climate.