News
UK - South East Growth Fund expands team
Avent Bezuidenhoudt has joined WM Enterprise as an investment manager on the South East Growth Fund (SEGF).
DENMARK - Nangate secures $10m funding
Nangate has raised $10m in series-A financing from a consortium of investors, including Vaekstfonden, IVS and SEED Capital.
UK - Barclays Ventures exits PropertyFlow
Barclays Ventures has sold its stake in PropertyFlow (deal value not disclosed) to Canadian company MacDonald Dettwiler and Asssociates (MDA). The exit will generate an IRR of 208% for Barclays Ventures. As part of the transaction the Propertyflow management...
UK - The Capital Fund invests in infusion device
A new high accuracy, low cost infusion pump that also has a range of applications in laboratories and the food and chemicals industries, has attracted £250,000 funding from The Capital Fund.
UK - 3i and Doughty Hanson back former Egg executives in new startup
Founding CEO of Egg plc and First Direct, Mike Harris, and former Egg CIO Tom Ilube, have announced the creation of a new consumer company pioneering a range of services to help give people real power over their personal information in the digital world....
UK - Yorkshire Bank appoints regional director of acquisition finance team
Yorkshire Bank has appointed Ian Howey as regional director of the Midlands specialist and acquisition finance team.
SWEDEN - Provider sells Tradera to eBay for SEK 365m
Provider funds, together with remaining shareholdes, has divested Tradera.com, Sweden’s largest market place for internet based auctions. The buyer is eBay, paying SEK 365m in cash plus acquisition costs, net of payments for working capital.
NETHERLANDS - Stork attracts private equity interest
Following announcements from industry conglomerate Stork that it is considering a delisting from Euronext, press reports now suggest that several private equity houses are eyeing up the company.
SWEDEN - Effpower secures SEK 120m funding
Effpower AB has received SEK 120m in financing from existing investors Volvo Technology Transfer, Gylling and Industrifonden and new investors Adolf Lundin and Leif Kristensson.
SWEDEN - Secode considers going public
Secode considers listing in Oslo or Stockholm, according to press reports.
NORWAY - Alliance Venture sells Net4Call to Oracle
Oracle has acquired Oslo-based Net4Call from Alliance Venture, the managing director and other employees. The value of the deal has not been disclosed.
UK - Oxford Capital Partners invests in Inetec Ltd
Oxford Capital Partners, the Oxford based venture capital firm focused on science and technology companies, has announced its investment in Inetec Ltd. Inetec Ltd is a developer of waste-to-renewable-energy projects in the industrial food manufacturing...
UK - Debenhams lined up for £3bn IPO
The department store group Debenhams is being lined up for a return to the stock market with a price tag of up to £3bn, little more than two years after being taken private by a private equity consortium comprising CVC Capital Partners, Merrill Lynch...
FRANCE - Activa Capital backs MBO of Créal
Activa Capital Fund FCPR has purchased a majority stake in Créal, a leading French manufacturer of aluminium windows from its founder, Claude Caprini, and Siparex SPF III Middle Market, a fund managed by Sigefi Private Equity. Founded in 1992 by Claude...
BELGIUM - Peakadilly receives EUR 6m series-A financing
Life Science Partners (LSP) has led a EUR 6m series-A financing round for Ghent-based Peakadilly.
SPAIN - Buy and build continues with acquisition of Foprar
Qualitas Equity Partners and Lombard Odier Darier Hentsch & Cie Private Equity (LODH) have together acquired 100% of Foprar, a manufacturer of tubes and frames for civil works projects. This follows the acquisition in March of 100% of Pronave Yecla SL,...
UK - Jeremy Knight to join Ashton Penney
Jeremy Knight, group publishing director of Caspian Publishing, is to join AshtonPenney, the provider of interim managers and non-executive directors for private equity and venture capital portfolio companies, to lead the firm’s private equity practice...
UK - Pi Capital completes £3m round for Million-2-1
Pi Capital, has announced the completion of a £3m investment round for mobile gaming company Million-2-1.
NORWAY - Affitech secures NOK 86m funding
The human antibody company Affitech AS has raised a further NOK 86m in a new private placement. The participants in this round include existing investors, Teknoinvest, Ferd Venture, Four Seasons Venture, and Braganza AS, along with new investor Arendals...
NORWAY - Norvestor's Life buys 40% of Life Scandinavia
Life Health Nordic AB (Life AB) has bought over 40% of Life Scandinavia, a voluntary retail chain. Life Scandinavia’s largest owner is CEO Hallgeir Åndal, who has been appointed new CEO of Life AB.
NORWAY - PE groups prepare bids for Orkla Media
Candover, Apax Partners and Providence Equity Partners plan to bid for Norwegian Orkla Media, according to press reports. It is understood that the potential buyout could be worth over £700m.
UK - Carlyle and Atlas exit Orthogon Systems
The Carlyle Group and Atlas Venture have announced that they have entered into a definitive agreement to sell Orthogon Systems to Motorola, Inc. Financial terms of the transaction have not been disclosed.
UK - AdaptiveMobile secures EUR 4.6m funding
Mobile security and filtering innovator AdaptiveMobile has announced that it has closed a EUR 4.6m first round of funding. Intel Capital, Intel's venture capital investment organisation, led the deal with an investment of EUR 4m. Additional commitments...
AUSTRIA - The Carlyle Group acquires UC4 Software
Financial investors PONTIS Venture Partners and Capexit have exited their joint 21% stake in UC4 Software GmbH. The electronic job scheduling specialist was sold to The Carlyle Group in a joint replacement capital and MBO transaction. The founding manager,...