Highland Gold Mining has acquired a license for exploration and mining rights for the Blagodatnoye prospect in the Khabarovsk region of Russia.  Blagodatnoye has a reported prognostic resource of five tonnes (161,000 oz) of gold. The acquisition was made in an open auction on 19 February in Khabarovsk for a

Citadel Capital, a private equity firm in Africa and the Middle East, has acquired a 49 per cent stake in Sheltam Railways, the largest single shareholder and lead investor in Rift Valley Railways of Kenya and Uganda. Sheltam owns 35 per cent of Rift Valley Railways, which has a 25

Low Carbon Accelerator’s consolidated net asset value was GBP43.28m or 50.3 pence per ordinary share at 30 November 2009, down 1.9 per cent on the pro forma 30 November 2008 NAV of 51.3 pence per ordinary share. The first half of the year presented difficult economic conditions and the group

A consortium of investors has sold their stakes in BitBand Technologies, an Israel-based provider of cross platform video content delivery network solutions, to Motorola. The consortium includes Sequoia Capital Israel, The Challenge Fund – Etgar LP (Challenge Fund I), Aviv Venture Capital, Apax Partners, Portview Communications Partners and Ascend Technology

Ernst & Young was the most active transaction adviser for private equity and M&A deals combined in 2009, according to the latest league tables from Venture Intelligence. For private equity deals, Ernst & Young was tied with boutique investment banks Mape and o3 Capital for the first position with five

J.P. Morgan Private Equity, the London Stock Exchange listed private equity secondary fund, is increasing the frequency of the reporting and valuation of its private equity portfolio. Since the company’s IPO in June 2005, J.P. Morgan Private Equity has updated the values of its private equity portfolio on a quarterly

Sofinnova Partners, a European venture capital firm, has invested in OpenERP, a provider of open source software management. Sofinnova’s investment is joined by Xavier Niel and Olivier Rosenfeld, manager and board member of Iliad, respectively. In total, EUR3m has been contributed in the form of capital growth. Founded in 2005

Benson Elliot Capital Management, a private equity real estate firm, has exchanged contracts on the acquisition of CBXII, Midsummer Boulevard, Milton Keynes.  The property has been acquired for GBP20.6m from the Caspar Fund, managed by Henderson Global Investors, reflecting an initial yield of ten per cent.   The acquisition, the

FedCap Partners, a private equity fund focused on the federal contracting industry, had its initial closing on 5 February 2010. The objective of FedCap is to invest in and partner with small and middle market federal services and technology companies who are positioned in growing areas of the federal budget