Deal round up 17/10/02

Consortium acquires Polish Vision Networks; Wellington backs E9m WLAN round; Apax completes Italian software investment; Interregnum exits Computerwire Group

Consortium acquires Polish Vision Networks


A group of four central European investment funds led by 3TS Venture Partners has acquired Vision Networks Polen Holding, the Polish cable activities currently owned by Dutch telecoms group KPN. Other participants in the acquisition include AIB WBK Fund Management, NFO and Innova Capital, which has taken the largest stake.


Vision Networks Polen Holding BV, is the owner of Slaska Telewizja Kablowa, the second largest cable TV operator in the Upper Silesian region. The completion of the sale is subject to approval by Polish competition authorities, which is expected before the end of the year. The consideration for the transaction was not disclosed.


Wellington backs E9m WLAN round


German venture capital firm Wellington Partners has continued its recent investment activity by contributing to a E9m round of funding for WLAN, a German wireless LAN provider.


Other participants in the round include Munich-based Target Partners, which led the round, and French VC firm Viventures. WLAN plans to use the funding to continue the roll-out of its broadband wireless internet access services.


Apax completes Italian software investment


London-based investment house Apax Partners has completed a E7.4m equity investment in HAL Knowledge Solutions, a provider of software solutions for the maintenance and management of multiple software applications.


The Milan-based business, which was established in 1984 and now employs 150 people, will use the financing to further consolidate its position in Italy, Switzerland, Spain and Latin America. The firm also plans to move into Germany, the UK and France, either directly or through strategic partnerships.


Interregnum exits Computerwire Group


UK information technology investment firm Interregnum has sold its holding in ComputerWire Group to Datamonitor. As part of the transaction, Interregnum will receive an upfront cash payment of £0.5m and future consideration of up to £0.7m.


The business, which was acquired from the receivers, provides online news and analysis services on the IT market. The company employs 55 people in its UK headquarters and also has offices in New York and San Francisco.  The last audited published accounts of ComputerWire for the year ended 31 July 2000 reported turnover of £4.7m and a pre-tax loss of £1.4m.