The economy continues to be the number one concern of Washington’s venture capitalist community, according to the Washington Technology Industry Association’s Q3 2010 Venture Capital Outlook Survey. With the slowdown in the economic recovery, the majority of venture capitalists have predicted that the quality of new deal flow, the quality

Wellington Financial, a privately-held specialty finance firm, has provided USD5.5m in debt financing for IXC (dba Telekenex) based in Seattle, Washington and San Francisco. The financing provides Telekenex with capital to continue its growth and penetration in the managed voice and data services market. Telekenex’s primary venture capital investors include

After many months of gloomy M&A statistics, deal making activity is finally looking up again with a 25 per cent increase in terms of value reported for the first half of the year compared to the same time period last year. The report by mergermarket further reveals that the CEE

The Egyptian Refining Company, a partnership between Citadel Capital, its co-investors and the state-owned Egyptian General Petroleum, has signed a debt package of USD2.6bn to finance construction of its USD3.7bn second-stage oil refinery in the Greater Cairo Area. The refinery will produce over four million tons of refined products per

Axa Private Equity has acquired a 51.8 per cent share in the Rollon Group, a linear motion manufacturer based in Vimercate, northern Italy.   Rollon provides linear guides and actuators used in machine design applications for railways and other industries, including plant assembly, packaging design, transportation, manufacturing and medical device

LDC-backed Green Sky Energy, a UK-based energy management businesses, has boosted its international capabilities by acquiring two businesses from the DWEC Group. DWEC and DWEC Europe operate in the building energy management systems arena, predominantly in the South of England and Channel Islands.  Established in the early 1990s, DWEC serves

Avere Systems, a provider of storage solutions for businesses, has received an additional USD17m in funding, bringing total investment in the company to USD32m. Led by Tenaya Capital, the series B funding round also includes original investors Menlo Ventures and Norwest Venture Partners. In the past few months, Avere has

Wellington Financial, a privately-held specialty finance firm, has provided a USD3.5m debt financing commitment to Pivot of New Jersey, a provider of liquidity management and collaboration software to the financial markets.   Pivot’s venture capital investors include Boldcap Venture Partners, Draper Fisher Jurvetson Gotham Ventures, Epic Ventures, Eze Castle Integration,

Weil, Gotshal & Manges has acted for Advent International and Bain Capital on their acquisition of a 80.01 per cent stake in the global merchant services arm of the Royal Bank of Scotland, with an enterprise value of up to GBP2.025bn. The deal is subject to relevant regulatory approvals and