End2End investment for DB Capital Venture Partners
DB Capital Venture Partners, the venture capital division of Deutsche Bank, has led the E20m financing round for End2End, a Danish-based data network operator. The E20m investment is towards the top end of European financing rounds in 2002 and takes End2End’s total fundraising close to E60m.
DB Ventures, which is a founding equity partner of End2End, was joined in the investment round by Draper Fisher Jurvetson ePlanet Ventures and Hewlett-Packard. The additional financing, consisting of debt to equity conversion and new equity, will enable End2End to further increase its managed service offering with new technologies.
RBDC exits Geoquip Holdings
Royal Bank Development Capital (RBDC), part of Royal Bank of Scotland’s Equity Finance business, has realised its stake in specialist security company, Geoquip Holdings, following a sale of the business to CRH plc.
RBDC completed the MBO/MBI of Geoquip, which provides of electronic perimeter intrusion detection systems, in February 1999. Financial details of the transaction have not been disclosed, although RBDC director Chris Gammon described the bank’s involvement with Geoquip as ‘successful’.