Deal Round-up 14/05

UBS Capital, 3i and Aberdeen Murray Johnstone invest, whilst Interregnum makes it a double.

UBS Capital invests in VDSL

UBS Capital, the private equity arm of UBS AG, has led a E12.4m investment round in VDSL Systems Oy, a Finnish technology company offering end to end Very High-Speed Digital Subscriber Line solutions to the telecom, hospitality and multi-tenant industries.

UBS Capital provided E7m of the funding. VDSL was founded in 1999 and is headquartered in Espoo, Finland. The firm has 60 employees and hopes to have over 75 staff by the end of the year. Its North American operations are based in Denver, Colorado.

Interregnum makes it a double

Interregnum, the listed UK IT investment and advisory firm, has announced two investments worth a total £2m.

Alongside 3i, the firm has invested £1m in Respond Limited, a customer retention and loyalty software and service vendor, as part of a £2m second tranche of equity funding.

The firm also purchased E1.65m (£1.02m) worth of B shares in Link Software NM, a developer of web-based collaborative software, based in Belgium and listed on Euro.NM.

Interregnum says its current cash position is around £9.8m “which compares favourably to several technology investment funds that have run out of cash.”

Nova, Aberdeen Growth VCT fuel AMGas

AMGas Limited, a manufacturer of flammable gas sensors, has received £800,000 from the Nova Technology Fund and the Aberdeen Growth VCT I, of which Nova provided $500,000.

The deal, led by Aberdeen Murray Johnstone Private Equity, is the first unquoted investment for both investors. An additional £250,000 was provided by Strathdon Investments Limited, which was already invested in AMGas.

The Bedfordshire-based business was set up in 1999 and has developed an optical based flammable gas sensor for use in the worldwide oil and gas exploration, production and supply industries.

Elisabeth Murdoch Shines with 3i

Shine Entertainment, a TV production company, has received £6m (E10m) from 3i.

Shine was set up by Elisabeth Murdoch, daughter of Rupert Murdoch, and Lord Alli who had recently left Carlton Communications.

According to Financial News, 3i’s investment in Shine, which will be used to develop the company’s rights management operation and expand commercially, values the business at £30m.

The deal comes a week after Sagitta Private Equity announced taking a stake in RDF Media, another UK based television company.