PEI Staff
200 new funds were launched in the year, 23 of which were dedicated to investment in the life science sector.
Voltaire secures $13.2m second round funding; Hg Capital buys Eagle Music for £34m.
The London-based secondaries specialist has bought an 80 per cent stake in Lucent’s corporate venturing arm.
While the number of funds raised in the fist half of the year may have dropped from the year before, the total amount of capital committed remained the same.
The US private equity firm has invested in the French speciality chemicals operation of Goodyear, the tyre manufacturer.
According to the BVCA, the first nine venture capital trusts have produced better returns to private investors than the FTSE All-Share Index.
The deal marks the first time Apax has invested in an Italian financial services company.
The firm’s third fund, $30m short of its target, will invest in Israeli companies operating in the communications and IT sectors, in particular enterprise software.
The ailing internet incubator has agreed to a £5.2m cash offer from Al Software, the Italian software house.
The private equity division of Close Brothers has backed its second manufacturing buyout this month.