Global private equity and venture capital news and research

By PE Sector

24 April 2013

ACG Group completes takeover of Groupama Private Equity

French fund of funds manager ACG has now completed the acquisition of mutual insurer Groupama’s private equity unit.

24 April 2013

State Street Global Services hires Markus Steiner as head of Swiss business

Financial services group State Street Corporation has hired Markus Steiner as head of its asset management business State Street Global Services’ business in Switzerland.

24 April 2013

Investors steer away from US venture capital’s early stage $

While US seed and early stage investments fell in the first quarter of 2013, later stage deal activity saw a slight increase in deal activity, suggesting a continued aversion to risk that has characterised the sector.

24 April 2013

Germany’s Afinum closes fourth buyout fund on €280m

German private equity firm Afinum has closed its fourth buyout fund Afinum Siebte Beteiligungsgesellschaft on €280m after five months on the road.

24 April 2013

Accel-backed IDG Capital seals $88.5m MEMSIC deal

The Chinese investment pioneer set up by Accel Partners and International Data Group has bought micro electromechanical systems business MEMSIC in an $88.5m deal.

24 April 2013

CDIB Capital invests $25m in Chinese online retailer Meilele

taiwan 5_sq Taiwanese financial firm China Development Financial Holding's (CDFH) overseas private equity arm CDIB Capital has invested $25m in Chinese online home furnishings retailer Meilele.

24 April 2013

Battery Ventures turns to tablets with Charles Jolley hire

Charles Jolley Battery Ventures Battery Ventures has put its faith in the burgeoning tablet computing market by hiring former Facebook mobile platform head of product Charles Jolley as entrepreneur in residence.

24 April 2013

Merus Capital picks up $17m towards second iEnterprise fund $

Salman Ullah Merus Capital Merus Capital, a venture firm formed by a trio of former Google and Microsoft executives, has gathered more than $17m as it returns to fundraising with a second vehicle.

24 April 2013

Online translator Gengo raises $12m from venture capital backers

Online translation platform Gengo has closed a $12m round of funding led by corporate venture capital firm Intel Capital, along with participation from Skype founder Niklas Zennström’s Atomico, Iris Capital, STC Ventures and Infocomm Investments.

24 April 2013

Sycamore Partners and Billabong extend takeover talks by ten days

surfing2_sq Australian surfwear company Billabong has extended exclusive takeover talks with a consortium led by private equity firm Sycamore Partners by a further ten days.

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