Deal Round-up 10/07/01

Definiens and Pointop get second rounds, Clariteam lands a third and Ratos ups stake in its now successful bid vehicle

Definiens AG picks up E6m second round

The Munich-based company has raised E6m from original investor Techno Venture Management (TVM) alongside new investors DaimlerChrysler Venture, Süd Venture Capital and a leading international management consultancy. The company reports that it achieved a “significantly higher valuation in its second round of financing compared to the first venture capital financing in April 2000”. The company specialises in software solutions for car-to-car-communication and knowledge management systems and is developing a communication platform for “Real Time Traffic Routing” (RTR), i.e. real time navigation, for car drivers. The company was founded as Delphi2 Creative Technologies GmbH in 1994 and was initially financed by the Federal Environmental Foundation. In September 2000, the company changed its name to Definiens AG.

Ratos ups investment in successful bid vehicle

The Swedish private equity firm has increased its stake in the now successful acquirer of Scandinavian ventilation, environmental and building products manufacturer Lindab AB. The offer was finally accepted by 97.5 per cent of the shareholders on 3 July and the publicly listed font color='#FF6600'>Ratos today confirmed that it had increased its ownership interest in <Lindab Intressenter from 43 per cent to 49 per cent. The additional investment, which was made on the same terms as the original investment, amounts to SEK 130m. This takes the firm's total investment in <Lindab Intressenter to SEK1,066m. Ratos’s co-investors in the bid vehicle are the 6th Swedish State Pension Fund, Skandia Liv and individuals Carl-Gustaf Sondén and Hans Schmidt-Hansen.

E14.4m third round for Clariteam

The Paris-based provider of IT systems announced that it has received E14.4m in third-round funding from lead investor Apax Partners alongside two other new investors [IDG Ventures Europe and Viventures Partners] and previous investors Dassault Development, Innovacom and Soffinova. The company says the funds raised will be used for international expansion and regional development and will carry the company into profitability forecast in 18 months time. Prior to this round, Clariteam had raised E3m in two rounds of financing.

Pointop has secound round of E3m

Electronic direct marketing specialist Pointop has announced the signing of a further E3m of funding from the private equity groups of ING Barings and BNP Paribas as well as Jet Multimedia and Alcor Development. The same investors put E2m into the Paris-based firm in July last year.