News
UK - HSBC Private Equity hires investment manager
HSBC Private Equity has hired Basil Sakellis as investment manager.
GERMANY - High-Tech Gründerfonds and Zukunftsfonds Heilbronn invest in enymotion
High-Tech Gründerfonds and Zukunftsfonds Heilbronn have invested an undisclosed sum in start-up enymotion GmbH, a developer of mobile fuel cell systems.
GERMANY – Emerald Technology Ventures sells Ormecon GmbH
Emerald Technology Ventures has sold its stake in Ormecon GmbH, an advanced materials company, for an undisclosed sum to Enthone Inc, a Cookson Electronics company.
UK - Darwin hires Katie Beck
Darwin Private Equity has hired Katie Beck to its investment team.
UK - Darwin closes maiden fund on £217m
Darwin Private Equity has closed its inaugural fund, Darwin Private Equity I LP, on ТЃ217m.
NORWAY - Alliance supports Novelda with NOK 5m
Alliance Venture Polaris AS has invested NOK 5m into Novelda AS, a fabless semiconductor company, in a first round of funding.
LITHUANIA - MVC and RC acquire FIMA
MVC Capital Inc and Riga Capital SARL (RC) have acquired engineering company FIMA UAB. The value of the deal was undisclosed, but the two firms made an equity investment of USD 28.1m to support the transaction.
FINLAND - Veraventure invests in Suntrica
Veraventure has provided early-stage funding for Suntrica, a developer of personal solar energy harvesting technology. The investment sum has not been disclosed, but it is estimated to be between EUR 100,000 and EUR 250,000.
SPAIN - Catalana d'Initiatives appoints director
Catalana d’Initiatives has appointed Alfredo Gatius as director of investments.
GERMANY – GCI portfolio company files for insolvency
GCI Management portfolio industrial machinery company PFAFF Industrie Maschinen AG has officially filed for insolvency.
FRANCE – AtriA invests in Groupe Phythéa
AtriA Capital Partenaires, through AtriA Private Equity Fund III, have taken a significant minority stake in food supplements company Phythéa. AtriA invested via their fund.
UK/GERMANY – Wellington Partners hires Daniel Waterhouse
Wellington Partners has strengthened its presence in London with the appointment of the former Yahoo! manager and 3i sector partner Daniel Waterhouse.
SWEDEN - Sustainable Technology closes cleantech fund on EUR 58m
Sweden-based Sustainable Technology Fund has held a third and final close of its new cleantech vehicle, Fund 1 LP, on EUR 58m.
FRANCE – Advent International in talks regarding Experian division
Advent International is in exclusive negotiations to acquire Experian’s electronic payments activities.
FRANCE - AXA and Barclays back CDC
AXA Private Equity and Barclays Private Equity have added their support to Caisse des Dépots et Consignations (CDC), which operates under the government backed initiative France Investissement.
UK - Pentech closes second fund on £45m
Scottish venture capital firm Pentech has reached the final closing of its second fund, Pentech Fund II, on ТЃ45m, subtantially exceding the ТЃ25m target.
DENMARK - Odin Equity Partners holds first close at EUR 220m
According to reports, Danish buyout house Odin Equity Partners has held a first close of its second fund on EUR 220m, surpassing its target of EUR 200m.
UK - Cardano hires private equity specialist
Cardano, a manager of pension fund assets, has hired Anna Dayn to its investment management team.
GERMANY - Wellington and TVM lead EUR 4.5m invendo medical investment
Wellington Partners and TVM Capital have co-led a EUR 4.5m funding round for medical technology company inveno medical, alongside existing investor Heidelberg Innovation.
GERMANY - Target Partners hires associate
Target Partners has hired Christian Thaler-Wolski as a new associate.
UK - NorthStar leads £750,000 Reinnervate investment
NorthStar Equity Investors (NSEI) has led a ТЃ750,000 funding round for biotechnology company Reinnervate.
FRANCE - Initiative & Finance complete Webnet MBO
Initiative & Finance has completed the management buyout of IT consultancy business Webnet for an undisclosed sum.
UK - Providence consortium given deadline for Informa bid
The Takeover Panel has given the private equity consortium led by providence Equity Partners until 26 September 2008 to either announce a firm intention to bid for business-to-business information provider Informa or to walk away.
UK - Spark leads investment in Gemini
Spark Ventures has led a ТЃ1.4m series-B round of funding for Gemini Biomedical Ltd, a specialist healthcare company, alongside Alliance Fund Managers (AFM).