Middle East

Brack announces offer for Haslemere

A consortium of investors led by Netherlands-based Brack Capital Real Estate has offered E1.46bn for the UK-Dutch property firm.

Gilde IT Fund announces director appointment

Lars Lindell joins Gilde IT as partner and director from nCoTec Ventures

Highwave Optical secures E32m package

Highwave Optical, a listed optical telecommunications company based in France, has secured E32m funding from a group of venture capitalists.

Israeli VC decline to bottom out

Israeli technology companies in 2001 raised a lot less money than the year before, but a slight pick-up in the fourth quarter suggests a recovery may be underway.

Auriga Partners makes first closing on fourth fund

The firm expects to hit the E150m target set for Auriga Ventures II in the first quarter of 2002.

Walden Israel closes fund below target

The firm’s third fund, $30m short of its target, will invest in Israeli companies operating in the communications and IT sectors, in particular enterprise software.

Benchmark makes big move into Ireland

The firm has invested $20m in Openet, an Irish company developing telecommunications software.

Israeli government creates VC fund

This is the first time in nearly a decade that the government has directly involved itself in venture capital funding.

Deal Round-up 24/01/02

UK mobile software house takes E11.9m; Swedish radio developer secures $11m; TissueInformatics takes $12.5m funding.

DB Capital Venture Partners hires new MD

The group takes William Burgess on board to manage its private equity investments.