Deal round-up 30/04

Dresdner Kleinwort Wasserstein, Jafco, Dell and Crédit Agricole invest and Close Brothers oversees an MBI.

Dresdner invited to Atoga party

Dresdner Kleinwort Wasserstein has contributed to a $50m equity and debt financing round in Atoga, a US-based optical firm.

The lead investors on Atoga's equity financing were Silicon Valley Internet Capital and Institutional Venture Partners. Atoga's original investors New Enterprise Associates and Sequoia Capital also contributed.

Other investors included Mentmore Venture Partners, Crescent Private Capital, AmidZad, Flextronics and WindRiver Systems.

Dresdner Kleinwort Wasserstein contributed to the round through its Online Markets Investments group, and will help foster relationships for Atoga as it expands.

Atoga has raised more than $65 million since it was created in December 1999.

Jafco and Dell mobilise for Mobilian

JAFCO America Ventures and Dell Ventures have co-led a $35m round of funding for Mobilian, a wireless company with offices in Israel.

Other contributors included Vitesse Ventures and Silicon Valley Bank Ventures, Raza Venture Management, Bessemer Venture Partners and SBV Ventures.

Founded in February 1999, Mobilian has raised over $60m in funding.

Close Brothers finance £6.2m Chilworth Manor MBI

Close Brothers (CBGC) has provided financing of £6.2 million for the management buy-in of Chilworth Manor from Southampton University.

Chilworth Manor, based in Southampton, is a 95-bed conference facility.

The deal was financed by a £6.2 million hybrid debt-equity funding package from CBGC. The management is also providing equity.

Close Brothers has known Chilworth’s management since an MBO attempt in 2000.

Crédit Agricole follows Primal instinct

Crédit Agricole Indosuez Private Equity (CAIPE) has led a £3.2m funding round for London-based Primal Pictures.

CAIPE invested £1.6m in equity funds. The balance was provided by incoming chairman David Carman and existing investors British Smaller Technology Companies VCT, British Smaller Companies VCT, Capital for Companies VCT and BWD AIM VCT.

Primal Pictures develops 3D modelling for the medical sector. Primal’s sales doubled in 2000 to £1m. The firm has close links with University College London and Stanford University.