News
ITALY – IDeA II fund-of-funds reaches first closing on EUR 150m
IDeA Capital Funds has held a first close on EUR 150m for IDeA II fund-of-funds.
UK- NSEI et al. invest $3m into Antix Labs
NorthStar Equity Investors has led a $3m funding round in software engineering company Antix Labs Ltd, alongside Hotspur Capital and Antix founder and CEO Francis Charig.
DENMARK - Vækstfonden and angels back Teklatech with DKK 5m
Danish government-backed venture fund Vækstfonden has alongside five business angels invested DKK 5m into software business Teklatech. Vækstfonden contributed half of the total deal value.
FRANCE - BPE-backed Martek buys Semelec
Barclays Private Equity-backed Martek Power, a power conversions company, has purchased Semelec, a metrology company. The deal is Martek's second build-up operation after the purchase of a rival company in early 2009.
DENMARK - Via Ventures backs DKK 30m Medotech funding
Danish venture fund Via Venture Partners has participiated in a DKK 30m investment round for Danish biotech company Medotech A/S.
NORWAY - Verdane holds first close of new fund on SEK 650m
Secondaries direct specialist Verdane Capital has held a first closing of its seventh fund on around SEK 650m (approximately EUR 63m). The fund's target size is SEK 1-1.5bn.
UK - Lenders move to take control of Montagu's Linpac
Lenders to Montagu-backed packaging company Linpac have reportedly rejected a restructuring proposal put forward by the firm's private equity owners, and are instead working on a counter-proposal that would see them take control of the business through...
EUROPE - Dunedin appoints new director
Dunedin Capital Partners' listed private equity investment trust has hired Federico Marescotti as a new director.
UK - Synova-backed Lunan acquires NICA
Handbag and accessories business The Lunan Group, which is majority owned by Synova Capital, has acquired handbag brand NICA for an undisclosed sum.
UK - LDC to acquire eight Midlands radio stations
LDC and radio industry veteran Phil Riley have agreed to acquire eight Midlands radio licenses from commercial radio group Global Radio for an undisclosed sum.
EUROPE - AnaCap closes second fund on EUR 575m
London-based buyout-house AnaCap Financial Partners has closed its second fund, AnaCap Financial Partners II, on EUR 575m, almost twice the size of its predecessor, which closed on EUR 300m in 2006.
UK - Accel et al. invest $17m into Seatwave
Accel Partners has led a $17m series-D funding round for fan-to-fan ticket exchange company Seatwave, alongside existing investors Fidelity Ventures, Atlas Venture, Mangrove Capital Partners and Adinvest.
UK - Octopus invests £1.1m into Phase Vision
Octopus Ventures has invested £1.1m into optical inspection solutions manufacturer Phase Vision, in exchange for a significant minority stake in the business.
SPAIN - Palamon and G Square invest in Grupo Sar
Mid-market buyout house Palamon Capital Partners and healthcare dedicated investor G Square have completed an investment into Spanish elderly care services provider Grupo SAR.
CEE - Mid Europa appoints new COO
Buyout house Mid Europa Partners has appointed Jacques du Preez as COO, replacing Bill Morrow who will officially step down in July.
ROMANIA - GED reinforces team
Generalist investor group GED has strengthened its Romanian team with the promotion of Anca Ionescu to country manager and the appointment of Dan Farcasanu as investment manager.
CEE - PPF and Generali launch EUR 615m fund
According to reports, Czech investment group PPF and Italian insurer Generali have joined forces to launch PPf Partners, a new EUR 615m private equity fund targeting Central and Eastern Europe.