The online B2B audience targeting platform and advertising network Bizo has completed a USD6m round of equity financing led by Bessemer Venture Partners. Existing investors Venrock, Vulcan and Ascent also participated. Bizo will use the funding to accelerate its growth in the B2B audience data space by increasing its sales

A cross-border team from international legal practice Norton Rose has advised the Aspria Group, a European spa and family sporting club operator, on the acquisition of Harbour Club Sporting and Spa in Milan. The Aspria Group owns and operates health and sporting clubs in Germany and Belgium. The Norton Rose

Stockport-based WFEL, a provider of tactical military bridging systems and a specialist defence manufacturer, has secured an increase in its banking facilities from GBP20m to GBP30m. As part of the refinancing WFEL, backed by mid-market private equity house Dunedin in a GBP48m buyout in 2006, has replaced Kaupthing Singer and

DisplayLink, a specialist in the USB graphics market, has received USD8m in venture capital funding. The series C venture capital round came from Atlas Venture, Balderton Capital (previously Benchmark Capital Europe), DAG Ventures, and DFJ Esprit. The company has also appointed semiconductor industry veteran Craig Ensley as chief executive officer

Plantronics has sold Altec Lansing, the Audio Entertainment Group segment, to an affiliate of Texas-based private equity firm Prophet Equity for approximately USD16.2m in cash. The transaction was completed on 1 December 2009. The change in the consideration from USD18m as previously announced to USD16.2m reflects the change in the

Evofem, a women’s healthcare company located in La Jolla, California, has received a USD25m investment from a private equity firm in Europe. Evofem (formerly Instead Healthcare) currently markets a feminine hygiene product, Instead Softcup, an alternative to pads and tampons, available in pharmacies and retail stores across the US and

Vision Opportunity China Fund, a closed-ended fund that invests in companies with operations principally within Greater China, has reported a 71.7 per cent rise in net asset value to USD2.09 per share for the year ended 30 September 2009. As at 30 September 2009, the company’s NAV was USD138,649,851. During

Adveq Holding and Dalian United Holding have formed a jointly owned investment management company in China. The company will be the first non-government private equity fund of funds investment company in the People’s Republic of China. The new entity’s purpose is to pursue investment management and related service activities in

Ansca Mobile has received USD1m in backing from Merus Capital, the venture capital fund founded by ex-Google and ex-Microsoft executives. Ansca Mobile creates products that allow people to create and share applications designed for the Apple iPhone. It plans to use the funding to expand company operations in both the

Intuit has signed a definitive agreement to sell Intuit Real Estate Solutions to Vista Equity Partners for approximately USD128m in cash. Vista Equity Partners is a private equity firm with more than USD2.5bn in committed equity capital, focused on investments in software and technology-enabled businesses. IRES, formerly known as Management