As reported on PEO earlier this week, Reuters today confirmed that the management of the Greenhouse Fund is to be transferred to RVC, a newly-formed and independent fund management company.
Lloyd’s invested £6.7m in the UK information system developer two years ago, and is expected to sell off about two thirds of its shares towards the end of June.
The UK private equity fund has closed its first round funding and is on track for a closing later on this year in the order of E2.5bn
The $500m fund will be dedicated to development of start-ups in the communications and software/Internet markets
Two new hires will develop the Portfolio development team’s early growth strategy
The UK technology and healthcare venture capital group has hired the former CEO of Imperial College’s technology transfer group.
The Scandinavian private equity group is establishing Excilan, the world’s first company for multilateral roaming between Wireless Internet Service Providers (WISPs).
Despite the breakdown of a planned partnership with Alchemy, the UK-based private equity firm, VCH, the Austrian venture capitalist group, has decided to soldier on alone in a bid for Libro.
The manager of Rutland Trust has acquired the retail group for £49m of equity
Charterhouse Development Corporation is expected to confirm its independence from HSBC within the next month