The fund managed by BNP Paribas Clean Energy Partners GP has achieved financial closure on a EUR93.5m senior loan facility for the construction by Megasol of a 30 MW solar photovoltaic power plant in Montalto di Castro, Italy. The loan facility, funded by a consortium comprising Deutsche Bank, Rabobank and

The IT security company Secunia has sold approximately 31 per cent of the company to the Danish private equity company Dansk Kapitalanlæg. Secunia focuses on vulnerabilities in applications, developing and supporting intelligent software solutions for effective coverage and remediation of weaknesses in IT networks. Since 2002 the company has developed

Jersey’s fund servicing industry rose to 1,688 funds and sub-funds at the end of June 2010 from 1,654 funds a year ago, according to data from Lipper. Total net assets reached USD232.0bn (GBP155.1bn). The number of schemes/umbrella funds serviced in Jersey rose by five per cent, from 1,071 to 1,126

The Pacific Road Resources Funds have purchased 1,807,229 units issued by First Bauxite by way of private placement at a price of CAD0.83 per unit for gross proceeds to First Bauxite of CAD1,500,000. First Bauxite is a Canadian natural resources company engaged in the exploration and development of bauxite deposits.

BaltCap, a private equity and venture capital investor in the Baltic States, has invested EUR1.4m in Riga-headquartered pan-Nordic concrete floors contracting company Primekss to obtain a significant minority stake. This is the first investment by BaltCap Latvia Venture Capital Fund, which is part of the EU Structural Fund’s co-financed Jeremie

Deal activity in the financial services sector is showing signs of recovery as bank restructuring continues to accelerate and private equity firms start to play a bigger role in the sector again for the first time since the economic crisis. According to the forthcoming European Financial Services M&A Insight report

Insight Venture Partners, a private equity firm focused on technology companies, has made an investment in OverDrive, a distributor of eBooks, audiobooks and digital content services to retailers, libraries and schools. The investment, subject to regulatory approval, will provide additional resources and capital to help fuel the company’s growth. OverDrive

Silverfleet Capital, a European private equity firm, has added to its retail portfolio with the acquisition of the Schneider Group, a German catalogue and online retailer, in a secondary buyout from Barclays Private Equity.  Silverfleet Capital, a European private equity firm, has added to its retail portfolio with the acquisition