LATEST NEWS: VENTURE CAPITAL

DN Capital opens US office

Early-stage and growth equity investor DN Capital is to open a US office in Palo Alto, California.

Thursday, 17th July 2008
Oyster Technology invests $8m in MuzuTV

Dublin-based MuzuTV has received $8m of funding from Oyster Technology Investments, according to Techcrunch UK.

Wednesday, 16th July 2008
MIG and BioMedInvest lead €15.7m SuppreMol investment

MIG and BioMedInvest have led a €15.7m second round of funding for German biopharmaceutical company SuppreMol. Santo Holding and existing investors Zetacube, Mittelstandsbank, Bayern Kapital and Max-Planck-Gesellschaft also participated in the financing.

Wednesday, 16th July 2008
T-Online backs Swoodoo with €2m investment

T-Online Venture Fund has invested €2m in Swoodoo, a German-based flight search engine.

Wednesday, 16th July 2008
SHS backs Biontis

SHS Gesellschaft fur Beteiligungsmanagement has invested an undisclosed sum in German laboratory equipment manufacturer Biontis.

Wednesday, 16th July 2008
Foresight appoints Nigel Aitchison as industrial partner

The Foresight Group has appointed Nigel Aitchison to the role of industrial partner.

Tuesday, 15th July 2008
Oxford Gateway Fund closes on £12.35m

Oxford Capital Partners has closed its Oxford Gateway Enterprise Investment Scheme Fund No.4 with £12.35 (€15.5m) in commitments.

Tuesday, 15th July 2008
Monte Cristo Games gets $7m in venture backing

Innoven Partenaires, Arts Alliance, and 360 degrees Capital Partners have participated in a $7m(€4.4m) funding round for French computer games developer Monte Cristo Games.

Tuesday, 15th July 2008
Close Ventures invests £1.4m in Dexela 

Close Ventures has made a £1.4m (€1.75m) investment in 3D imaging business Dexela, leading a £2.6m round of investment in the company.

Monday, 14th July 2008
Start-up network Connect Scotland ceases trading

Not-for-profit organisation Connect Scotland, a business network which supports start-up technology companies, has ceased operating.

Monday, 14th July 2008

QUOTES OF THE WEEK

I think what's happened is that the concept of risk-adjusted rate of return has been replaced by what I would call risk-ignored rate of return, and people are substituting yield for credit judgement.

Wilbur Ross

Private equity companies have targeted car parks as a cash cow, taking over £1 billion out of the industry in the last few years

Rob Kelsall, GMB, responsible for car park workers

Q & A

Jonathan Russell
The new chairman of EVCA and 3i’s global head of buyouts warns that unless the industry is unified, it faces a continental wave of anti-private equity legislation.
Second chances
As primary private equity investors feel the full force of a credit crisis and global slowdown, a panel of counter-cyclical secondaries experts are preparing for a deluge of deal flow.
Robert Coke: Wellcome Trust
Senior investment officer Robert Coke on sleepy GPs, listed management companies and plans to become a debt provider.
Q&A with Simon Walker
The new chief executive of the BVCA has big ambitions for the UK’s venture capital and private equity industry in 2008.
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LATEST ISSUE

Leader

United we stand United we stand

The Danish Walker report – as it has inevitably been dubbed – makes its namesake’s once revolutionary strides towards transparency in private equity seem just a little
half-hearted.


Top Story

Direct action Direct action

Ontario Teachers’ is not content to play the passive LP. The $110bn Canadian pension fund has cut out the middle man and is investing direct. Now it is coming to Europe.

Feature

Back to front Back to front

As more onerous reporting requirements combine with recession-induced cost pressures, fund administration providers are stepping forward from the back office.

Comment

Get ready - to wait Get ready - to wait

Hopes for a deluge of western-style private equity deals in China are misconceived and premature.

News Analysis

Danish “Walker report” ups ante on disclosure Danish “Walker report” ups ante on disclosure

The Danish private equity and venture capital association, DVCA, has unveiled a set of transparency guidelines for buyout houses operating in Denmark.