PEI Staff
NWDC takes £3.4m slice of Kate’s Cake; German fund invests in CoreMedia; Sixth Dimension secures $13m; Swedish firms invest in biotech;Storyland secures £1.5m funding.
Preparing the launch of two new investment vehicles next year, the Swiss group behind Prime Edge Capital is building up its US presence.
According to a new industry report, venture capitalists have spent the past six months concentrating on investing on later stage companies – particularly outside their existing portfolios.
The firm currently has the lead to buy the premium nursing home operation, but may yet face competition from UK and Swedish healthcare groups.
The Italian venture capital fund has completed a fundraising effort E15m north of its initial target set at the start of the year.
UK buyout volume and value has fallen dramatically since September making 2001 the first year since 1993 to see a drop in total value compared to previous years.
If investing in regional UK VC funds proves a success, the European Union will look to implement similar projects in other EU countries.
Lenders are watching the European LBO market with cautious support. Will the financing be there for sponsors to get their deals done?
The California Public Employees Retirement System has made Leon Shahinian a senior principal investment officer and Joncarlo Mark a portfolio manager.
PRGI, the US-based provider of recovery audit services, has agreed to sell the loss-making French business to a Paris-based private equity firm.