PEI Staff
The media group is not off the hook with its shareholders though.
The EIF is making an E31m investment which will support community objectives such as entrepeneurship and innovation in small and medium enterprises.
NIB Capital, Dresdner Kleinwort Capital and Barclays Ventures join existing investors to back the Irish data storage specialist.
New recruits are expected to advance the firm's bid to be preeminent in European deals.
New activity on Europe's growth markets may be a sign that a recovery is underway.
Reports suggest that Sir Robert Smith will be sent in to resolve the dispute over losses at EMTV.
40 per cent of the capital raised comes from Nordic investors, another 30 per cent from the rest of Europe.
The private equity firms, which last year acquired the speciality chemicals division of AstraZeneca, have joined forces to bid for Degussa Huls.
The group has led an $18m third round of financing for ePhysician, investing alongside Benchmark, Palm Ventures and drug chain CVS.
Stephen J Ciesinski will head the company’s technology and communications practice in Palo Alto.