Jo Nash

VC firms invest $12m in telecoms group(2)

XConnect Global Networks, a service provider to the telecommunications industry, has received $12 million of funding from a venture capital consortium led by Accel Partners and Venrock Associates.

Origo recruits South African MD(2)

Beijing-based private equity group Origo Sino-India has hired John Blake as managing director of mergers and acquisitions.

DE Shaw creates private equity fund(2)

US hedge fund DE Shaw is reportedly seeking to launch a private equity fund, as the lines between the hedge fund and private equity markets become ever more blurred.

H&F earns back Gartmore investment(2)

Buyout house Hellman & Friedman is reportedly placed to make £200 million as part of a £520 million refinancing of asset management firm Gartmore less than a year after it backed a management buyout of the company.

Hg strengthens renewable energy portfolio

European buyout firm HgCapital has bought a French wind farm portfolio for €69 million. The deal is the latest wind farm investment for Hg’s renewable energy team.

ABN AMRO buys OyezStraker from Hermes(2)

ABN AMRO Capital, the private equity affiliate of Dutch bank ABN AMRO, has bought a majority stake in UK office supplies distributor OyezStraker Group from Hermes Private Equity for £41.2 million.

Deutsche Bank hires financial sponsors head(2)

Angus Barker has left UBS to become head of financial sponsors for Asia Pacific at Deutsche Bank.

European buyout boom continues in Q1(2)

In the first three months of 2007, European private equity activity topped €50 billion for the second successive quarter, according to a new report, with the mid-market performing particularly well.

GMT and Mid Europa exit Invitel(2)

Hungarian Telephone & Cable has bought Invitel, a national telecoms business, for €470 million.

3i creates Indian infrastructure partnership(2)

3i, a listed European private equity group, has partnered with the India Infrastructure Finance Company for future infrastructure deals in the country.