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BaltCap has invested EUR0.5 million into Latvian business “Vendon”, a producer of monitoring systems and solutions for vending machines.
Vendon is a draugiem.lv group company supplying international and local vending machines with Latvian-produced equipment and solutions with support of telemetry systems. These allows monitoring of capital and product flow in the machines as well as efficient receipt of information about damage or other technical problems.
“We’re proud to be one of the few in the world who have developed such solutions which are already highly appreciated and recognised by our current customers. All processes – programming and equipment production
Thirty-eight US venture capital funds raised USD5.6 billion in the fourth quarter of 2011, according to Thomson Reuters and the National Venture Capital Association (NVCA). This level marks a 162 per cent increase by dollar commitments but a 41 per cent decline by number of funds compared to the third quarter of 2011, which saw 64 funds raise USD2.1 billion during the period.
This quarter marks the lowest number of funds raising money since the third quarter of 2009. US venture capital fundraising for all of 2011 totalled USD18.17 billion from 169 funds, a 32 per cent increase by dollars
Crosslink Capital, a venture capital and growth equity firm, has promoted Eric Chin (pictured) and Isabelle Fymat to General Partner.
"These promotions recognize the valuable contributions that Eric and Isabelle have made to Crosslink since joining the firm," says Michael Stark, founder and General Partner of Crosslink Capital. "Eric has been a leading player on Crosslink’s seed fund. Through his leadership, and the network of the Alpha Club, he has positioned the firm as a leading player in Internet seed investing, completing 23 deals in 2011 alone. Isabelle has distinguished herself on our public funds, particularly related to her work
Speciality European Pharma Limited (SEP), a London based pharmaceutical marketing firm, has secured a multi-million pound funding package from Clydesdale Bank that will allow it to expand its market position in 2012.
The new banking package comprises a GBP2.5 million loan together with ancillary facilities for four years through to December 2015 and will be used by SEP to fund expansion plans and deliver a period of forecast growth.
Speciality European Pharma was founded in 2006, with the backing of leading UK venture capital firm Advent Venture Partners, to acquire, develop, register and commercialise specialist products for the expanding
Patron Capital has acquired Motor Fuels Group Limited (MFG) in a joint venture with a new management team backed by oil industry veteran, Alasdair Locke. MFG owns and operates 58 mostly freehold petrol filling stations and associated convenience retailing stores located throughout the United Kingdom; it is the fifth largest chain of independent petrol filling stations in the country.
Patron provided the majority of the equity for the transaction alongside Alasdair Locke and members of the management team. Debt finance was provided by Investec Growth & Acquisition Finance, part of Investec Bank plc. Financial terms of the transaction are not disclosed.
Unipapel SA has completed the purchase of the Continental European business of Spicers Group initiated in the past year. The seller was FTSE 250 company DS Smith plc. The purchase price was approximately EUR222 million.
A team of German lawyers from CMS Hasche Sigle led by partner Dr Jochen Schlotter advised the Spanish company Unipapel SA on the German aspects of this international transaction, spanning several areas of law, from the beginning. A large European team from seven offices within the CMS organization, led by CMS Albiñana & Suárez de Lezo carried out this complex deal which included the parallel
Private equity related banking fees were higher in 2011 than they have been at any point since 2007 according to a new report. Mark Spinner (pictured), partner at international law firm Eversheds, comments on why 2011 has been such a good year for the industry…
The ongoing economic uncertainty and concerns over the eurozone bailout plans has led to a contraction in the debt markets which has had an impact on the way in which the private equity industry funds its deals. With even less supply than previously available, demand – particularly for acquisition debt – is significantly outstripping supply
Lloyds Bank Corporate Markets Acquisition Finance has supported HgCapital’s GBP153 million take private of Group NBT (NBT), which was previously AIM-listed, to enable the company to increase its focus on acquisition-led growth.
The team acted as joint mandated lead arranger in a three bank club, providing a GBP70 million package of senior term, revolving credit and acquisition facilities.
NBT is a leading European provider of internet domain name management and one of few providers with the capabilities to register domain names in all open registries. NBT also provides brand protection and managed hosting services.
Established in 1995,
Boutique investment bank Dexion Capital has appointed listed alternatives stalwart, Tom Skinner, as head of research.
Skinner, reporting to Ana Haurie (pictured), Dexion’s Group Managing Director, was previously a Senior Research Analyst at JP Morgan Cazenove, leading coverage on listed hedge funds and listed offshore property funds, as well as covering listed private equity, infrastructure funds and conventional equity investment companies. Tom’s research has been Extel-ranked number one for the past five years. His appointment comes following an internal reshuffle at Dexion which sees the creation of a new product development area, led by Roy Kuo.
In addition, Robert
Golden Crescent Investments, a Citadel Capital opportunity-specific fund, has signed a share purchase agreement to sell 100% of its interest in National Petroleum Company Egypt Limited (NPC Egypt), a wholly owned portfolio company, to Sea Dragon Energy Inc (Sea Dragon) (TSX-V: SDX), a Calgary-based exploration and development company.
Sea Dragon has agreed to pay cash and share consideration equal to USD147.5 million, consisting of USD60 million in cash and 350 million common shares of Sea Dragon to be issued to Golden Crescent at the closing of the transaction at a deemed price of USD0.25 per share, subject to any adjustments
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