News
US - Norwegian TANDBERG Television buys venture-backed SkyStream for $80m
Oslo-based TANDBERG Television has signed a definitive agreement to acquire venture-backed SkyStream.
FRANCE - Let It Wave raises EUR 6m from Iris Capital and T-Source
Let It Wave has completed a first round of financing for EUR 6m from Iris Capital, T-Source and private investors. Founded in 2001, by four research professors from the French Ecole Polytechnique, the firm has been self-funded since its inception.
SWEDEN - Nordic Capital and Accent to float KappAhl
Swedish fashion retailer KappAhl, owned by Nordic Capital and Accent Equity Partners, has announced plans to list on Stockholm Stock Exchange on 23 February.
NORWAY - Ferd Venture's Mohive launches new e-learning system
Mohive, backed by Ferd Venture, has launched a new version of its e-learning publishing system, Mohive Toolbox.
US - Norwegian Energy Ventures invests in DeepFlex
DeepFlex Inc has secured a series B round of funding led by Norway-based Energy Ventures, and including existing investors CTTV Investments LLC and Altira.
UK - South West Ventures Fund invests £250,000 in Covalent Software
Taunton-based Covalent Software has secured £250,000 from the South West Ventures Fund, managed by YFM Venture Finance.
DENMARK - Dania Capital acquires YORK Novenco
Dania Capital has signed an agreement to buy the YORK Novenco Group from YORK Denmark for an undisclosed sum.
UK - Duke Street Capital buys global engineering firm
Duke Street Capital (DSC) has agreed to acquire Deloro Stellite from Vision Capital for an undisclosed sum.
FRANCE - AXA's public tender offer on Camaïeu to close in three days
AXA Private Equity has only three more days of its simplified tender offer for Camaïeu’s remaining 47.2% currently floating on Euronext Paris. On 12 January 2006, AXA's holding company, Modamax filed a simplified cash tender offer on the shares of...
UK - Private equity players to queue for Unilever
Unilever has decided to put the majority of its frozen foods businesses in Europe up for sale and buyout groups are set to line up for it, according to Reuters.
NORDICS - Nordic people are world leading innovators
The Nordic region has some of the world's most innovative economies, according to OECD's report on economic policy reforms Going for Growth 2006.
GERMANY - capiton buys grocery logistics specialist
capiton has invested in the Steco Group as part of an expansion and replacement financing. Steco is a logistics services company, that operates a pool of reusable plastic crates for the grocery industry, mainly used for the transport of fruits and vegetables....
UK - NewMedia Spark invests in Skinkers
NewMedia Spark has invested £2m in Skinkers, an e-mail software developer, according to reports.
UK - Bank of Scotland Corporate backs Mayflower BIMBO
Bank of Scotland Corporate has provided an integrated debt and equity package to support the Buy-In Management Buy-Out of Mayflower Technology Ltd in a deal of undisclosed value. As part of the transaction, Bank of Scotland Corporate has taken a significant...
UK - IBIS Capital launches £30m VCT
IBIS Capital, the specialist media corporate finance and investment business, is joining forces with a team of media and investment management professionals to launch a £30m fund focusing on smaller private UK media companies.
NORWAY - Four Seasons Venture buys back TeamTec
Four Seasons Venture has invested in Norwegian TeamTec AS, a company it divested last summer.
SWEDEN - Northzone's Appear Networks brings next generation wireless solutions to Dutch rail staff
Appear Networks and Nederlandse Spoorwegen (NS), the National Dutch Rail Authority, announced today the roll-out of wireless context-aware services accessed via the Appear IQ platform, to the entire NS mobile workforce.
FINLAND - CapMan shareholders terminate discussions with GIMV
CapMan Plc has announced that it has received information that GIMV has approached certain large shareholders of CapMan Plc to discuss the possibility to combine GIMV and CapMan Plc into a European private equity firm.
RUSSIA - 3i Group invests in Russian growth fund
3i Group is investing $20m in Quadriga Capital Russia Private Equity Fund II LP.
UK - CVC appoints new investment director
CVC Capital Partners has announced the appointment of Alexander Fotakidis as investment director in its London team.
UK - Private equity in race for £1.5bn Northcliffe papers
A mixture of private equity and trade buyers are preparing to submit second round bids for Daily Mail and General Trust's regional newspaper business, according to press reports.
SWEDEN - Ratos to release SEK 577m by refinancing Lindab
Lindab’s owners, including Ratos, will release a total of SEK 1.2bn through a redemption procedure.
SWEDEN - Priveq Investment buys 35% of Boomerang
Priveq Investment has acquired a 35% stake of Swedish fashion company Boomerang for and undisclosed sum.
INDIA - KKR nears first Asian deal
Kohlberg Kravis Roberts is nearing its first deal in Asia, according to the FT. KKR has reportedly entered exclusive talks to buy a stake of around 40% in Flextronics Sotware Systems, India's largest maker of telecommunication software.