Middle East & North Africa

Advent International media fund closes at $345m

Half the total raised was invested by 13 multinational corporations and the rest came from institutional investors.

DB eVentures leads $10m financing for ComSense

DB eVentures has invested $5m in the maker of reader free internet cards.

First Tuesday goes for £1m

Networking group First Tuesday has been acquired by its local organisers.

Apax Partners raises E4bn

It is expected that the final closing will be capped at 10 per cent above the E4bn first closing.

Talia Technology raises $9m

The medical equipment company raised the financing in three rounds over the last year. It will be used for increased marketing, product development and expansion into the US.

Yazam to lay off half its employees

The investment company is also reported to be suspending its European operations.

Euromedic raises $8.4m in private placement

Euromedic will expand its activities in Central and Eastern Europe.

Carlyle leads E30m second round for Surplex

Surplex will use the capital to expand its asset recovery solutions in Europe.

Doubts arise over the future of Yazam

Board members at Yazam are said to be discussing various options including downsizing the business to concentrate on portfolio-management.

Mideast investors were Boo.com’s biggest backers

Boo.com yesterday called in accountants KPMG to liquidate the online clothes retailer.