Sequent Medical has closed a USD15.6m series B venture capital financing led by Domain Associates. Existing investors Versant Ventures and US Venture Partners also participated in the financing. Nimesh Shah (pictured), principal of Domain, will join Sequent’s board of directors. "We are privileged to have such a high calibre group

Tandem Expansion has made the first investment from its CAD300m Tandem Expansion Fund I in Delta-Q Technologies. Delta-Q is a technology company that supplies power conversion and power management products for electric drive vehicles with over 500,000 units in use on vehicles such as golf cars, aerial work platforms, industrial

Jeff Giller and Brendan MacDonald have formed Clairvue Capital Partners and held an initial closing of the company’s first fund, Clairvue Capital Partners I, with USD250m in capital commitments. Clairvue was established to manage funds focused on recapitalising real estate private equity funds, real estate operating companies, institutionally managed property

The government’s proposed capital gains tax increase may have a profoundly negative effect on the attractiveness of the UK as a base for the private equity industry should it apply to them, according to research by Investec Private Equity Partner and Fund Finance. Despite the turmoil of the past two

Private equity firm 3i made a total return of GBP407m during the year to 31 March 2010, a 16.2 per cent return on opening shareholders’ funds. It had strong realisations of GBP1,385m at good average uplifts of 19 per cent over the opening carrying value. 3i’s net debt reduced to

Olympus Partners, a Connecticut-based private equity firm, has acquired Churchill Financial, a middle market focused commercial finance company, through its affiliate Olympus Growth Fund V. Olympus has agreed to refinance existing indebtedness and invest additional capital to support the growth of Churchill’s core middle market lending business.   “Churchill is

Steve Mahon, chief investment officer at Low Carbon Accelerator, a UK-listed cleantech venture capital fund, says he is encouraged by the coalition government’s commitment to showing policy leadership in the low carbon space. According to Mahon, both parties have placed the low carbon economy at the centre of job creation

The London Stock Exchange has admitted HarbourVest Global Private Equity to the Specialist Fund Market. Following its admission, HarbourVest’s shares will be traded on both the Specialist Fund Market and Euronext Amsterdam under the symbol HVPE.   HarbourVest Global Private Equity is a Guernsey-incorporated closed-end investment company, investing in a

Internet Pawn, an online pawnshop in the US, has completed a USD1.5m series A equity financing. New investors Daylight Partners and Access Ventures joined the company’s founders in the financing. "We are thrilled to welcome Daylight Partners and Access Ventures to the company’s family," says Todd Hills, co-founder and chief