NovaSparks, a provider of data packet processing solutions, has secured series A financing of USD2m from venture capital firm Partech. Partech invests in technology and internet firms, including Business Objects, DailyMotion, Informatica and Digitick.  Jean-Marc Patouillaud, partner at Partech, joined the NovaSparks board of directors earlier this year. NovaSparks offers

HarbourVest Global Private Equity, a closed-end investment company, had an estimated economic net asset value of USD717.0m or U.S.D8.64 per share as at 31 May 2010, unchanged from the 30 April 2010 estimated economic NAV per share. While valuation increases for underlying holdings resulted in a USD0.22 increase per share

BNC Bancorp, the parent company of Bank of North Carolina, has closed on a USD35m private placement anchored by Aquiline Capital Partners, a New York based private equity firm investing in financial services. Aquiline purchased shares of BNC Bancorp common stock and preferred stock at USD10.00 per share. Other investors,

Albion Ventures has exited its investment in RFI Global Services following the sale of RFI to Underwriters Laboratories for an undisclosed sum. RFI is a provider of testing, approval and consultancy services to the technology market, including data security, cellular, wireless and smart card technologies. The company tests and certifies

A survey of European ABS investors published by Bishopsfield Capital Partners reveals a positive consensus supporting increased issuance in the asset backed securitisation public market.  The survey of 26 investment managers and investment advisers active within the European ABS market shows that caution among issuers and arranging banks for new

Private equity firm Risk Capital Partners has taken a majority stake in DWS Bodyworks, a crash repairer in London. DWS repairs passenger cars and light commercial vehicles for insurers from 15 bodyshops located around the M25. It services almost all the major UK insurance underwriters, and carries out roughly 50,000

Amalgamated Capital, a recently formed division of Amalgamated Bank, has served as co-lead arranger for a USD25m senior secured credit facility in support of the acquisition of Wheaton Industries by PNC Equity Partners II. Amalgamated Capital provides cash flow-based senior debt financing to support investments made by private equity sponsors

Charles River Ventures, an early-stage venture capital firm, has invested in the USD35m series B financing round for TerraPower. TerraPower is a Washington-based company developing new options for nuclear energy production. Khosla Ventures also joined in the round for this three-year-old company that counts Intellectual Ventures co-founder Nathan Myhrvold and

Precise Media Group, the media intelligence group owned by UK mid-market private equity firm Phoenix Equity Partners, has acquired MediaGen, a provider of media monitoring, analysis and editorial services. The transaction was funded from Phoenix’s 2006 Fund, rather than the 2010 Fund which Phoenix recently closed. MediaGen, whose client base