S-UBG has invested an undisclosed sum into nanotech company MagnaMedics GmbH, taking around a 17% stake in the business. Co-investors The BioScience Ventures Group AG and Limburg Ventures BV also particpated in the financing.
Parent company Reiff Group said in a statement that the sale is part of its ongoing realignment plan
Neil Bennett, previously of Beacon Rail Leasing, will be appointed executive chairman of the company
Healthtech-focused VC sees oppprtunities in the developing European market, managing director Christian Weiß tells Unquote
Paul Keen, previously CFO of ETC Venues, will join the board as a non-executive director