News
SWEDEN - EQT and Investor receive clearances for Gambro offer
Indap AB, indirectly jointly-owned by Investor AB and EQT IV, has received clearances from relevant competition authorities regarding the offer to the shareholders in Gambro AB, which was announced on April 3 2006. The offer acceptance period will expire...
FRANCE - Spef Venture sells 3D animation software company Eovia
Spef Venture has agreed to sell Eovia to Californian 3D animation company DAZ Productions for an undisclosed sum.
SWEDEN - Mannheimer Swartling to open Moscow office
Swedish law firm Mannheimer Swartling plans to open an office in Moscow with both Swedish and Russian lawyers specialising in real estate, finance, M&A and establishment work. The firm expects to have at least ten lawyers at the office within one year....
UK - Index backs Last.fm
The London-based consumer internet startup Last.fm has raised its first round (an undisclosed sum) initiated by Index Ventures.
UK - Gresham sells Alstec for £44.9m
Gresham has made a successful exit from Alstec Group Ltd, a support services business. Gresham made a ruturn of nearly 4x its investment in the sale to Babcock International Group Plc for ТЃ44.9m.
UK - CVM sells interest in Applecroft Care
Close Venture Management (CVM) has sold its interests in Applecroft Care Home Ltd in Dover, Kent and Barleycroft Care Home Limited in Romford, Essex, to its partner in the investments.
SWEDEN - VC-backed Appear Networks opens offices in the Netherlands
Appear Networks has today announced the opening of an office in Utrecht in the Netherlands. Its new recruits will be focusing on the Dutch market, deploying Appear IQ to 10,000 mobile frontliners at Dutch Rail.
UK - Katalyst leads funding round for SI Seafarms Ltd
Katalyst Ventures, the private investor group, has led a ТЃ633,000 funding round for SI Seafarms Limited (SIS).
UK - Robin Winning joins Bank of Scotland Integrated Finance
Bank of Scotland Integrated Finance has appointed Robin Winning to the role of director of integrated finance, based in London. He joins as a senior member of the Bishopsgate-based team led by Mark Hammond.
UK - Inflexion appoints chairman for Red Commerce
Inflexion has announced the appointment of Andrew Vaughan as chairman of its portfolio company Red Commerce Ltd.
UK - Private equity realises £40bn, says CMBOR research
Statistics on private equity exits from the Centre for Management Buyout Research (CMBOR) suggests that there has been a huge leap in refinancing levels to ТЃ19bn as private equity houses seek to realise the returns in their investments. When added to...
UK/GERMANY - Commerzbank strengthens leveraged finance unit
Commerzbank Corporates and Markets (CBCM) has today announced five new appointments to its leveraged finance group in London and Frankfurt.
UK - Bhargava heads 3i's new focus on outsourcing
3i has appointed Akshaya Bhargava to head up its new focus on the global business process outsourcing (BPO) market.
FRANCE - Banexi, Demeter and Naxicap back Paprec MBO
Paprec has restructured its capital framework and reinforced its financial capacity during a management buyout backed by Banexi Capital Partenaires, Demeter Partners and Naxicap Partners. The equity houses comitted a total of EUR 35m in this MBO. Previous...
UK - North West Equity Fund backs Indi.Jo
North West Equity Fund NWEF has provided ТЃ50,000 of development finance to Indi.Jo Limited to support increased sales activity. This investment is the first tranche of a proposed total investment of ТЃ350,000.
FRANCE - Banexi, Naxicap and BNP Paribas back D'Haussy's
Groupe Eppe has sold D'Haussy to a syndicate of investors composed of Banexi Capital Partenaires, Naxicap Partners and BNP Paribas Développement, with management retaining a 12% stake.
FRANCE - Banexi Capital Partenaires takes majority stake in Numalliance
Banexi Capital Partenaires has invested from its fund Middle Market Fund III to take a majority stake in Numalliance
UK - Seven Hills Venture Partners appoints non-executive chairman
Seven Hills Venture Partners, the Edinburgh-based life sciences development company, has appointed Jeremy Delmar-Morgan as non-executive chairman.
DENMARK - Agillic secures DKK 38m funding
Amadeus has led a DKK 38m first round of funding in Danish Agillic Aps. Vækstfonden and Mike Frayne also participated in the round.
GERMANY - Peter Schwanitz appointed managing director of VCM.
Peter Schwanitz, has been appointed as managing director of VCM Capital Management, Germany’s longest-established fund-of-funds management group for venture capital, mezzanine and buyout investments. He will be responsible for the group’s buyout segment,...
NORWAY - Northzone's Owera to deliver system to Telenor
Owera has announced that it will be entering into an agreement with Telenor to upgrade their existing provisioning system, xAPS. Once improved, the system will include TR-069, a new and advancing protocol for provisioning.
UK - Rutland floats H&T on AIM
Rutland Partners has realised its investment in H&T Group Ltd for cash through an AIM listing. The enterprise value of H&T on flotation is ТЃ91.9m and the market capitalisation is ТЃ54.2m. The proceeds received by Rutland, after costs and managementтs...
UK - Apax and Permira to refinance New Look?
The Sunday Times reports that Apax Partners and Permira are likely to enjoy a ТЃ350m windfall in a refinancing of New Look, the retailer in which they own a controlling stake.
UK - Advent-backed Sport Five in line for £480m sale
Weekend press reports suggest that the sports agency handling the distribution of television rights to the Euro 2008 football tournament is to be sold for up to ТЃ480m.