Deal round-up 09/05/01

New money from Bank of America, Advent, Oyster, Delta and ITbuilder.

Bank of America leads round in IXEurope

Bank of America Equity Partners has led an E19.5m third round in IXEurope.

European Acquisition Capital and JPMorgan Partners also contributed.

IXEurope provides colocation facilities. Funds from this round will be used for service expansion in Europe, and will last until 2002.

The round gives the company a valuation of about $100m.

IXEurope has so far raised $92.1m and expects to become profitable in the first half of 2002.

Advent leads $12m investment in Zone Vision

Advent International has led a $12m investment in Zone Vision, a distributor of cable and satellite channels.

Zone Vision plans to use the money to launch new channels and to roll out its existing products to new markets.

The investment values the company at about $100m.

Zone Vision was set up in 1991 in central and eastern Europe and is now based in London.

Advent International has made several investments in the broadcasting sector, including @Entertainment, a Polish pay TV business; Primacom, a German cable business; and Scandinavian Broadcasting Systems, all of which have floated on NASDAQ.

Oyster leads round in SoftCo

Oyster Investments has led an E4m first round in SoftCo, a Dublin-based process management company.

Other investors, who did not wish to be named, also participated.

SoftCo said it would spend the money on expansion and further product development.

The investment means SoftCo is worth about E55m.

Delta makes Headway

Delta Venture Partners has led a $1.5m seed round in Headway, a Dublin-based software firm.

Enterprise Ireland and individuals also contributed to the round.

The money will be used to develop new products and expand in the US.

Shay Garvey, a partner at Delta, has joined the Headway board.

Headway said the funding gives the company a valuation of $5m.

ITbuilder invests in PrintDreams

Sole investor ITbuilder has put $1m into PrintDreams in return for a 31% stake.

The Stockholm-based company, which develops mobile Internet technology, said it would use the money for further product development.

ITbuilder’s Jonas Persson and Patrick Grimlund are taking seats on PrintDreams's board.

PrintDreams plans to launch its products in spring 2002.