The second round of financing will be used to develop operations in the US and the UK. The Fool is also negotiating a venture in Japan.

NVCA: "The industry is catching its breath". Even so, deal flow remains healthy, VC's are still well-funded, and new funds are being raised.

New owner Sanitec is strengthening its position in ceramics and bath and shower products in Europe.

The UK manufacturer of clothes and toiletries has been approached by its management and some members of the Dewhirst family.

There are reports that a management buyout backed by UBS Capital is on the cards.

Officials are set to question Rolls-Royce about its restructuring plans amid speculation that it will mean 2000 job losses by 2003.

The company sees potential in the European technology, internet and telecom sectors.

The VC firm sees high growth potential for PFE's flat panel screen developments.

Barclays Private Equity has closed its second deal in a week with the management buy-out of UK-based delivery company Nightfreight.

Internet software specialist Tuxia was set up in 2000 and focuses on internet software applications.