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Firms and Funds
Buyer: Advent International Target: Mr. Clean Platform: Atmosfera Headquarters: Brazil Price: $23 million Advent International is trying to clean up in the laundry business. One of its portfolio companies in Brazil, Atmosfera, just vastly expanded its textile cleaning business by acquiring Mr. Clean—not the famous American detergent emblazoned with the bald-headed cleaning genie, but Brazil’s […]
UK technology development company Cambridge Consultants (CCL) and venture capital firm Esprit Capital Partners have joined forces and launched a €15m VC fund. The money will be used exclusively to fund company creations four years after it abandoned the idea.
Mid-market firm raises €52m
UK firms sell ASP to mobile phone giant
Think you’re adventurous because you invest in China or India? Have some courage. Invest in Libya. The North African country began an economic resurgence by dismantling its nuclear program in late 2003, and now is poised to get its first-ever private equity fund. The manager is Tuareg Capital, an eight-month-old firm with staffers in Bahrain, […]
Activa Capital buys French jam maker
Limited partner: California Public Employees’ Retirement System (CalPERS) Commitment: $400 million Fund manager: Centinela Capital Partners The California Public Employees’ Retirement System (CalPERS) has made a $400 million commitment to funds-of-funds manager Centinela Capital Partners as part of its effort to invest more capital with emerging managers–particularly ones that invest in California. Centinela intends to […]
UK travel agency sold to Kuoni
Report finds that London is Europe’s top VC and tech investment region
US computer giant IBM is teaming up with the Irish government to help young Irish technology businesses through the creation of a venture capital hub and an innovation centre at Mulhuddart in County Dublin. It will provide support to new software companies and advice to start-up managers on development.