Private equity firm Riverside completed 15 acquisitions in 2009, in addition to closing on its largest fund ever, increasing the value of its portfolio and exiting four platforms. The 15 acquisitions were made up of six platforms and nine add-ons and put USD200m to work.   The six new platforms

CDC Group, the UK’s development finance institution, is committing USD10m to ShoreCap Management’s microfinance fund ShoreCap II. ShoreCap seeks to raise USD100m for the fund to invest in small business banks and microfinance institutions, which in turn provide financial services and capital to entrepreneurs and small businesses in low-income countries

Mid Europa Partners has completed its tender offer to purchase any and all of the outstanding ordinary shares of Invitel Holdings, par value EUR0.01 per share, and any and all of the American depositary shares, each representing one Invitel share. The offer and withdrawal rights expired at 12:00 midnight, New

BaltCap, a private equity and venture capital investor in the Baltic States, has acquired 100 per cent of Air Maintenance Estonia, an aircraft maintenance, repair and overhaul company, from Scandinavian Airlines. Air Maintenance Estonia started its operations in 1995, providing maintenance services to Estonian Air aircrafts. Since 2002 the company

An overall bad year for the US venture capital industry ended on a high note as deal activity increased in the fourth quarter of 2009. Venture investors put USD6.3bn to work in 743 deals in the most recent quarter, up slightly from the USD6.1bn invested in 619 deals during the

Sofinnova Partners, a European venture capital firm, has invested EUR2.2m in Celsius X VI II, a French-Swiss firm developing mobile phones based on complex mechanics. Sofinnova’s investment is joined by AGF Private Equity’s EUR500,000 and a further EUR600,000 from business angels bringing the total funding to EUR3.3m. Jean Schmitt, managing

SSL International, the Manchester-based healthcare business, has agreed a GBP410m financing package backed by Yorkshire Bank. The new finance package will replace SSL’s existing facility and provide funds to allow it to pursue further acquisitions. Yorkshire Bank is joint arranger with Abbey National, Barclays Capital, HSBC, Lloyds TSB and The

BaltCap, a private equity and venture capital firm focused on the Baltic States, has signed an agreement with European Investment Fund for the establishment of a EUR30m venture capital fund. BaltCap Latvia is the first venture capital fund manager to successfully complete private fundraising under EIF managed Jeremie initiatives in