Gruppo Coin, the Italian department store owned by PAI Partners, plans to boost revenues by a third to €2bn within three years, after taking over rival Upim for €100m.

Bridges Ventures and Magenta Partners have co-invested in Halo Insurance Services, a niche insurance company providing products for the wholesale and retail markets.

Triangle Venture Capital Group and the European Space Agency (ESA) have raised €100m for the first close of their joint fund.

Siemens Venture Capital, Tempovest Capital, Enterprise Ireland, Bank of Scotland and TVC Holdings have exited their stake in LET Systems to US-based technology company Trimble.

Bridges Ventures has hired Stewart Baird as investment director on its Venture Funds I & II, and Caroline Tulloch as an associate on the Bridges Social Entrepreneurs Fund.

3i has made its first new investment in more than a year, acquiring a stake in French acute care company Vedici.

Gresham Private Equity’s James Grant Group has acquired the entertainment element of Michael Kay & Company, the Birmingham-based specialist accountancy practice, for an undisclosed sum.

HgCapital Trust, the listed vehicle that provides private equity firm HgCapital with funding, said today that its net asset value and the performance of its portfolio had improved in 2009.

TA Associates has bought a majority stake in email marketing business eCircle from direct secondaries specialist Cipio Partners in a €60m deal that will see Cipio bank a 20 times return on investment.

Bridgepoint is to take health and social care provider Care UK private in a deal worth £423m (€468.4m).