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 of $4.9bn, and approached Q2 2004 of $6.1bn. For the first half of 2005, investing totalled $10.6n, tracking closely to full year 2004 of $21bn. Over the past two years, quarterly investing has ranged from $4.6bn to $6.1bn.
Consortium of investors supporting the funding round includes existing and new backers
Vehicle is larger than its predecessor, Xenon Private Equity VI, a €184m fund closed in July 2014
GP intends to boost the company's organic growth and further strengthen its market position
Acquisition of the family-owned company adds to the GP's industrial portfolio