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Microdata Telecom Innovation is raising SEK10m from venture capital firm InnovationsKapital and existing shareholders through an equity issuance.
Microdata Telecom is currently expanding internationally to address a rapidly growing global market for Microdata Advanced Site Solutions in the mobile infrastructure market.
"Through this equity infusion, we are able to further expand our marketing and sales internationally with our portfolio of state of the art radio products within advanced site solutions," says Mats Gustavsson, chief executive and co-founder of Microdata. "We believe that InnovationsKapital will be a valuable partner as we grow the company."
"Microdata is led by an impressive team
LDC, the private equity arm of the Lloyds Banking Group, has invested in Aberdeen-based subsea construction company Subocean Group.
Subocean, which is now one of the largest providers of services to the marine renewables sectors in Scotland and the UK, will use the investment to double the business in two years and achieve a turnover of GBP300m by 2014.
The company secured LDC’s GBP17m equity investment as part of a GBP42m fundraising in one of Scotland’s biggest private equity deals this year. LDC has a significant minority stake, valuing Subocean in excess of GBP75m.
Subocean managing director and shareholder John
Investors who are looking for opportunities in India in 2010 should consider the infrastructure sector, says Nitin Jain, principal fund manager – long only strategy at Kotak Mahindra UK.
The current financial year has so far been the best year for Indian equities since 1991, despite the country being faced with a combination of the credit crisis in the first half and a very poor monsoon season.
Despite this, between July and September, GDP growth was recorded at 7.9 per cent.
Kotak Mahindra believes that a renewed government focus on infrastructure and the rural economy and continued buoyancy in the
The Irish Funds Industry Association has welcomed new legislation passed by Seanad Éireann, the upper house of the Irish parliament, which will enable investment funds to re-domicile to Ireland simply and efficiently.
The Companies (Miscellaneous Provisions) Act 2009 provides a clear framework designed to address and minimise the challenges currently experienced when re-domiciling a fund.
The legislation has been drafted to specifically allow a fund structured as a corporate entity in another domicile to re-register in Ireland with its original corporate identity retained, ensuring continuity of activity and continuation of arrangements.
In addition, the legislation simplifies the considerations involved when
Oclaro has acquired Xtellus, a designer and manufacturer of liquid crystal-based dynamic optical modules and components for dynamic DWDM networks.
Oclaro is a designer and manufacturer of integrated optical components, modules and subsystems for fibre optic communication networks.
Under the terms of the agreement, the share holders of Xtellus will receive Oclaro’s common stock worth USD33m, a portion of which will be held in escrow for 18 months to support Xtellus’ indemnification obligations to Oclaro.
The agreement also provides for a value guarantee under which stockholders of Xtellus could receive up to USD7m in additional consideration if Oclaro common stock
YA Global Master SPV, a fund managed by Yorkville Advisors, has entered into a GBP3m standby equity distribution agreement with Aim listed Shanta Gold.
Shanta Gold is a gold exploration and development company, engaged in greenfields to advanced exploration in under-explored areas in Tanzania.
Shanta Gold entered into the SEDA as a means of raising additional capital, as and when required, to assist the company with financing exploration and property upgrade activities.
Pioneered eight years ago by Yorkville, a SEDA offers companies a low risk, cost effective way of optimising their capital structure in pursuit of their growth
Sub-Saharan Africa is less exposed to worldwide economies and most of the region’s countries continue to see growth, according to a report by CDC Group.
Despite this, they are not completely insulated and are feeling the effects of the global financial crisis.
Jonny Gill, portfolio analyst, at CDC, says: “Local economies are suffering from lower remittances from nationals based overseas, a sharp fall in commodity prices, reduced donor funding and rising unemployment. In addition, much needed infrastructure projects are being put on hold adding to the difficulties faced by businesses. Countries that are overly reliant on commodities and/ or on
Jerry Haworth, director and co-founder of 36 South, the global macro/volatility hedge fund, says currency volatility is about to explode as Central Banks continue to keep an iron grip on interest rates in response to the global financial crisis.
Central Banks have two control levers which they can use to control events related to their financial flows. One controls the level of interest rates while the other controls currency rate. Economic theory dictates that Central Banks can only hope to control one of these “policy levers” whilst the other is left free to find its own level in response.
It
IBM has entered into an agreement to acquire Lombardi Software, a SMH Private Equity Group portfolio company based in Austin, Texas.
SMH Private Equity Group is a division of Sanders Morris Harris Group.
Lombardi, a provider of business process management software and services, helps organisations automate and integrate business processes to increase efficiencies and reduce costs.
This is the third major private equity investment exit in the past 12 months for SMH, following the sale of Wayport to AT&T and New England Pantry to 7-Eleven.
Insight Management has signed a definitive agreement for equity financing of up to USD10m from Auctus Private Equity Fund based in Boston.
The financing is subject to an S-1 registration statement being declared effective by the Securities and Exchange Commission. The company expects to file the S-1 in the next week.
The USD10m equity line of credit represents one phase of Insight Management’s long term financing strategy and will be used for working capital and for payments of its acquisitions in the energy industry.
Insight Management is a public holding company focused on the energy industry. The company acquires oil
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