It's curtains for Friends Ivory
Private equity firm Friends, Ivory & Sime has backed the £25m management buy-in of Thomas Sanderson Blinds.
Laurie Cooke led the buy-in. Cooke is the former managing director of Staybrite Windows.
Thomas Sanderson makes pleated conservatory blinds. The company had sales of about £20m last year.
Atlas leads $9m in Mspect
Atlas Venture has led a $9m first round in Mspect, a U.S.-based mobile performance service provider.
Private individual investors also put in money.
The proceeds will be spent on R&D.
Founded in 2000, Mspect wants to raise between $10m and $20m in a second round later this year.
3i and Holland Venture invest in SevenMountains
3i and Holland Venture co-led a second round worth $6.5m in SevenMountains.
Other undisclosed investors contributed to the round.
The company said it would spend the money on product development.
Slottsbacken and Teknoinvest create startup
Slottsbacken and Teknoinvest have put up money to form Reddo Networks.
The undisclosed amount will go on R&D and also be used as operating capital.
Reddo’s founders are Jan Berglund, Ulrich Lindgren, Erland Lonaeus, and Johan Svedberg, all formerly of Ericsson, and Pia Wickman, formerly of Greenpeace.
Novestra gets a third of 34
Nordic VC Novestra has bought a 30 per cent stake in 34 Networks.
34 Networks develops technology for mobile networks.
Novestra's portfolio includes B2 Bredband, Comnitell Holding, and Continuum Group.