Europe

10 March 2014

European Capital gets £27.4m from DX Group IPO

pound_sterling_170sq Private equity firm American Capital’s European affiliate European Capital has received proceeds of £27.4m from the IPO of its portfolio company DX Group.

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10 March 2014

Venture capital fundraising activity in Europe declinesp

Venture capital fundraising activity continued to decline in Europe last year, according to a recent research report form EY.

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10 March 2014

ECI Partners backs Avantia MBO

insurance contract form Mid-market firm ECI Partners has backed online property insurer Avantia Group by participating in its £57m management buyout.

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10 March 2014

Apollo, Blackstone among buyout firms interested in Banco Popolare ‘bad bank’ unit

fat-euro_sq US private equity majors Apollo Global Management and Blackstone are reportedly among five buyout houses interested in the “bad bank” unit of Italy’s Banco Popolare.

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10 March 2014

Music identification business Shazam nets another $20m of financing

music_note_song_170sq Venture capital-backed music identification app maker Shazam has picked up another $20m of financing, pushing the total raised by the company to $92m.

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10 March 2014

MidOcean-backed LA fitness to sell 33 clubs

health-fitness-gym-exercise-bike Private equity-backed gym chain LA fitness has decided to sell 33 of its 80 club to reduce its debt pile.

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10 March 2014

Emertec races towards Fund V target thanks to BPI France, EIF commitments

French venture capital firm Emertec has reportedly pulled in €50m of commitments for its latest vehicle, putting it within touching distance of its target.

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10 March 2014

Skype founder’s Atomico backs mobile learning business Quipper

education_lrg Skype founder Niklas Zennström’s venture capital firm Atomico has backed UK-based mobile learning company Quipper in the wake of sealing its latest target-busting fundraise.