News
UK/FRANCE - Platina announces EUR 75m close of fourth fund
Platina Finance Ltd has announced an intermediary close of its fourth fund, the European Renewable Energy Fund 1 LP (EREF), on EUR 75m. The fund was launched in October 2007 and is targeting a final close of EUR 250m by the end of 2008.
SPAIN - Nauta Capital backs tech player
Nauta Capital via its fund Nauta Tech Invest II has committed EUR 3m to technology company Scytl.
UK - Solon leads £1m Peakdale funding
Solon Ventures Ltd has led a £1m financing round for Peakdale Molecular Ltd, a specialist provider of chemistry services to the pharmaceutical industry.
BELGIUM - KBC Arkiv invests EUR 1m in Tailormade
KBC Arkiv has invested EUR 1m in Tailormade Logistics and Tailormade Transport, two Flemish companies specialising in integrated logistics services. This is a follow-on investment to the EUR 1m KBC Arkiv already invested in both companies in July 2006.
GERMANY - Creathor Venture provides seed financing to aka-aki
Creathor Venture Fund and a business angel have invested in aka-aki GmbH, which provides a social networking tool for mobile phones. Berlin-based aka-aki was founded in 2007 by eight founders who merge mobile internet and social networking in their product....
DENMARK - Segulah II sells Kosan Crisplant to United International Bank
Segulah II L.P has sold Kosan Crisplant Holding A/S, a provider of systems and solution for filing and reconditioning of Liquefied Petrolium Gas (LPG) cylinders, to Bahrain-based United International Bank B.S.C (UIB). The terms and conditions of the sale...
SPAIN - Clave Mayor invests EUR 1m in audio visual player
Clave Mayor has invested EUR 1m in Kronomav, a company specialising in robotic guidance for television and filming cameras.
UK - Terra Firma-backed EMI loses CEO
The chief executive and chairman of EMI, the record label acquired by Terra Firma in a £3.2bn take-private last year, has resigned. The news comes ahead of a restructuring plan for the group expected to be announced next week that will see hundreds of...
NETHERLANDS - Ludgate Environmental Fund invests EUR 791,968 in STX
Ludgate Environmental Fund has announced that it has made a further investment into Dutch environmental trading and broking company, STX Services.The first investment, as announced on 21st December 2007, was the purchase by LEF of 2,432 shares for EUR...
UK - Elderstreet achieves partial exit from IPO of Snacktime
Elderstreet Private Equity has achieved a partial exit on its investment in vending machine provider Snacktime Ltd following its IPO on AIM. The company placed just over 2 million shares at 144p a share, raising approximately £3m and representing a market...
UK - KCP hires new investment manager
Key Capital Partners has appointed Chris Sheasby as investment manager in its Cambridge Office.
UK - Inflexion strengthens investment team with two appointments
Inflexion Private Equity has strengthened its investment team with the appointments of Gareth Healy as investment director in the London office and Malcolm Coffin as investment executive in the Manchester office.
SWEDEN - Litorina Kapital creates Scandinavian IT security group
Litorina Kapital III has created a new IT security group through its acquisition of three companies: Coromatic, Metric Power and Scanpocon, for an undisclosed sum.
CEE - Aurora Russia invests £16.1m for a 24.3% stake in SuperStroy
Last December Aurora Russia Ltd announced an investment of £16.1m in cash for a 24.3% stake in Grindelia Holdings Ltd which owns 99.5% of Russian retail chain SuperStroy. Aurora Russia's investment will take the form of new equity and will be used to...
CEE - Consortium led by Columbia Capital to take over GTS Central Europe
A consortium of funds led by Columbia Capital, M/C Venture Partners and Innova Capital is set to take over Central Europe’s telecoms service provider, GTS Central Europe. The transaction is expected to close in the first quarter of 2008.
FRANCE – I-Source Gestion and GIMV lead EUR 7.3m investment in Movea
I-Source Gestion and GIMV have co-led a EUR 7.3m funding round for start-up Movea both pledging EUR 3m each. Also investing is Thomson a subsidiary of the French research institute CEA. The deal represents the first round of financing for the company.
GERMANY - Dresden Fonds GmbH sells stake in nAmbition GmbH
Dresden Fonds GmbH, jointly managed by CFH GmbH and SIB GmbH, has sold all stakes of nAmbition GmbH to strategic investor JPK Instruments AG, for an undisclosed sum. Dresden Fonds realised a double digit IRR from the sale. nAmbition develops solutions...
UK - Dunedin invests £9m in Formaplex
Dunedin has invested £9m in Formula 1 and prototyping specialist Formaplex. The deal represents Dunedin's seventh investment in a specialist engineering business.
UK - SV Life Sciences appoints new venture partner
SV Life Sciences has announced the appointment of Dr Hamish Cameron as venture partner.
GERMANY - Cognetas acquires Gebrüder Gienanth-Eisenberg
Cognetas has acquired engineering business Gebrüder Gienanth-Eisenberg GmbH from Fink Holding, a family holding company, for an undisclosed sum. The transaction is expected to complete in early 2008. Gienanth was founded in 1735, is headquartered in...
ITALY - Casa 4 Funds opens office in Italy
Casa 4 Funds, the Luxembourgian investment funds management firm has opened an office in Lugano, Italy. Casa 4 is part of the Arner Group.
UK - E-Synergy leads £2m investment into Alternative Waste Solutions
The Sustainable Technology Fund (STF), a cleantech focused venture capital fund managed by E-Synergy, has led a £2m investment into plastic recycling specialist Alternative Waste Solutions (AWS).
FRANCE – Argos Soditic completes MBO of ORSYP
Argos Soditic has backed the management buyout of ORSYP, a Paris-based provider of enterprise job scheduling solutions and IT services. The deal aims to move ORSYP from a medium-sized company to a global leader in IT solutions. The financial details of...
SWEDEN - Securitas Direct acceptance period extended
ESML Intressenter, jointly owned by EQT V (c64%), Säkl AB (c8%) , Melker Schörling AB (MSAB) (c10%) and Investment AB Latour (c17%), has extended the acceptance period for its bid for Securitas Direct, the Swedish security services company, until February...