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Firms and Funds
Mid-market private equity firm Barclays Private Equity is to acquire a majority stake in travel company ATP International Group from Lloyds Development Capital (LDC) for £73m. LDC, the London-based private equity provider, backed a £36m management buyout of ATP in December 2006, taking a majority shareholding. With six locations across the UK, as well as […]
Scottish private equity firm Aberdeen Asset Managers Growth Capital has sold portfolio company ID Support Services Holdings (IDSSH) to Penta Capital Partners for an undisclosed amount. The sale has earned Aberdeen a 1.8x return, and an IRR of 61%, and the firm will continue to hold a nominal stake. IDSSH is a Manchester-based outsourcing company […]
Baltic private equity house BaltCap has sold its stake in Lithuania-based IT Protraining Group to Estonian IT business MicroLink Eesti. The deal involves MicroLink acquiring an 83% equity position in the business, which sees management continue as minority shareholders. IT Protraining is the largest company of its type in the region, specialising in information and […]
German VC firm Wellington Partners has led a first funding round for Munich-based internet company amiando. Amiando is an event organization website, a one-stop shop do-it-yourself ticketshop, allowing users to send private invitations to friends or organise professional events with thousands of attendees. Large conferences have already been arranged using the service, such as LeWeb […]
Munich-based private investment company ATS has acquired a majority stake in German-based GANYMED Pharmaceuticals for an undisclosed sum. The shares were previously held by a pool of investors including Ingro Finanz, KfW, Landesbank Baden-Wuerttemberg (LBBW), Nextech Venture, Varuma, VI Partners, WFT and a number of private investors from Switzerland and Germany. GANYMED is a biopharmaceutical […]
Norwegian-based oil and gas specialist HitecVision has sold three of its investments to secondaries specialist Cubera Private Equity for an undisclosed sum. The investments that have been sold to Nordic firm Cubera are in RigNet, (based in Houston, USA), SPT Group (in Oslo, Norway) and Nurse Cutting and Abandonment (in Stavanger, Norway). Founded in 2002, […]
Oxford raises new fund Venture capitalist Oxford Capital has raised Oxford Gateway Enterprise Investment Scheme (EIS) Fund No.5 after closing its Fund No. 4 to new investment with total assets exceeding £12m. Fund No. 4 was launched in November 2006 and now stands as one of the largest funds of its kind. It is currently […]
Technology research commercialisation specialist Rainbow Seed Fund has won £1.5m from the UK Government’s Public Sector Research Exploitation (PRSE) fund. Rainbow, which is managed by Birmingham-based VC Midven, invests in early-stage and high risk technology opportunities that emerge from a select group of leading publicly funded institutions. The award, which is part of the UK […]
A British investment bank has set-up a €50m fund with a German university to support spin-outs from its technology department. First London Securities is working with Humboldt-Innovation, the technology transfer office of Humboldt-Universitat zu Berlin, in a deal which will see First London manage the fund as well as use existing assets to fund investments, […]
Earlybird and 3i among sellers of German website company Dooyoo.de