News
3i Paris moves office
The Paris office of 3i has recently moved office and can now be found at 3 rue Paul Cezanne, 75008 Paris. The team can be contacted by telephone on +33 (0) 1 73 15 11 00.
Quester supports Celona with $1.7m investment
Quester has invested an additional $1.7m in Celona Technologies, the established market leader in product portfolio management. This funding will be used to support the continued expansion of Celona's commercial team. Celona Technologies's key offering...
Amadeus and 3i-led syndicate makes wireless investment
Nujira, the Cambridge-based company developing advanced power amplifier technology for the wireless industry, has closed a $7.75m Series A funding round. The round was co-led by 3i and Amadeus Capital Partners, which was the lead seed investor. The round...
Aberdeen Development Capital anounces results
Aberdeen Development Capital has recently announced its results for the year ended 31 May 2005. The company achieved a number of successful realisations, including Multifabs Survival, Clydemore Properties and First Group. Revenue return was up by 15.7%...
ABN AMRO makes Spanish acquisition
ABN AMRO Capital has completed its first acquisition in Spain this year with a management buyoutof Spanish plumbing materials manufacturer, Nueva Terrain.Vitoria-based Nueva Terrain is a leading manufacturer of tubes and accessories for residentialplumbing,...
Watts leaves NGBI for ISIS
ISIS Equity Partners has announced the appointment of Peter Wattwithin the London new investments team. He joins from NBGI Private Equity, where he completed a range of successful dealsincluding European executive recruitment firm Walker Hamill, the...
Graphite Capital sells Jane Norman for £117.4m
Graphite Capital, the UK mid-market private equity specialist, has sold its majority shareholding in Jane Norman to an Icelandic investor group comprising Kaupthing Bank and Baugur Group. The deal values the UK womenтs fashion retailer at ТЃ117.4m.
3i sells UbiNetics to CSR for $48m
3i is selling its stake in UbiNetics to Cambridge Silicon Radio (CSR), the international short-range wireless company, which 3i backed in 1999 and helped float on the London Stock Exchange in April 2004.
Celebrity memorabilia retailer secures £1m
Bridges CommunityVentures (BCV) has made an investment of up to £1min Sportizus, a celebrity memorabilia retailer. The initial stage of thetransaction has closed with BCV subscribing for £500,000 of convertibledebt. The remainder of the investment will...
US venture investing rises 19% to $5.8bn in Q2 2005
US venture capitalists invested $5.8bn in 750 companies in the second quarter of 2005, according to the MoneyTree Survey by PricewaterhouseCoopers, Thomson Venture Economics and the National Venture Capital Association. Funding increased over Q1 2005...
Babson rejuvenates Duchess I fund
Babson Capital Europe has announced it has successfully extended the maturity of its EUR 1bn Duchess I fund. This is the first time the life of a European Collateralised Loan Obligation Fund (CLO) has been extended instead of being called or allowed...
Zensys secures $16m funding
Zensys has recently secured a $16m round of venture financing for market development and R&D, led by Bessemer Venture Partners. Other participants in the round include Zensys’ first-round venture capital partners, Palamon Capital Partners, and Vaekstfonden,...
Aberdeen Growth Opportunities VCT Plc announces interim results
Aberdeen Growth Opportunities VCT Plc has recently unveiled its interim results. NAV increased by 3.3% to 96.7p per share compared with the FTSE Small Cap Index which has decreased by 6% and the FTSE AIM Market which has decreased by 3.3%. During the...
Bridgepoint sells Lynx Express to UPS
Private equity firm Bridgepoint has sold its majority ownership of Lynx Express, one of the UK’s largest independent parcel carriers, to the global carrier, UPS. Nuneaton-based Lynx Express, in addition to its parcel delivery service, offers customers...
Spiarex makes 63% IRR on Axiam sale
Siparex SPF III Middle Market fund, which is managed by Sigefi Private Equity, the management company of the Siparex Group, has just sold its shares of Finaixam, the financial holding company of the Aixam group.
Cinven and BC Partners complete Amadeus buyout
Cinven and BC Partners have announced the completion of the EUR 4.34bn acquisition of Amadeus Global Travel Distribution, S.A. following a successful tender offer for the shares in Amadeus listed on the Madrid, Paris and Frankfurt stock exchanges. The...
GED profits from Corporación Dermoestética IPO
GED Iberian Fund has sold 4.1% of Corporación Dermoestética for EUR 15m through the company’s recent IPO. GED has trebled the value of its initial stake and achieved IRR of 40% on the investment.
Technology M&A reaches five-year peak, according to Regent Associates
Acquisition activity for the first half of 2005 within the European technology sector has reached a five-year peak, falling just short of the all time high in 2000, according to the latest findings from Regent Associates' 'European Technology Acquisition...
Distributions to investors significantly increased, says SCM report
In its second survey of private equity realisations, 2004 has seen a strong increase of distributions to investors according to research by SCM. In the US and Europe total distributions amounted to about $57bn of which $49bn were distributions made by...
VC syndicate sells GylcArt to Roche for SFr 235m
Global Life Science Ventures (GLSV) has announced thatRoche, one of the world’s leading research-focused healthcare groups in pharmaceuticals anddiagnostics, has signed an agreement to acquire privately held GlycArt Biotechnology AG, aportfolio company...
3i buys ground handling specialist Aviapartner
3i has signed an agreement to acquire Aviapartner, one of Europe’s leading independent ground handlers.
Oxonica achieves £35m market cap on stock market debut
Oxonica has raised approximately £7.1m (net of expenses) through a placing of 8,658,796 new ordinary shares at 95.8 pence per share. In addition, Oxonica shareholders have converted loans of approximately £2m into ordinary shares at 95.8 pence per share,...
Flint Ink, XSYS and CVC create major global player in the inks industry
American-owned Flint Ink Corporation and XSYS Print Solutions have agreed to merge. The merged group will rank among the largest ink companies in every region it serves, with an employee base of 8,000 and combined revenues of approximately EUR 2.1 bn,...
Advent sells Moeller to Doughty Hanson for EUR 1.1bn
Moeller Group is one of Europe’s largest suppliers of low-voltage electrical distribution and automation components for industrial, commercial and residential use. The transaction is subject to regulatory approval and is expected to close in August 2005....