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VENTURE CAPITAL – Quester has the Power

20 years ago

Quester Capital Management has led a GBP7.9 million venture capital syndicate investing in Power X, a Manchester-based developer of leading edge high performance switch fabric silicon sub-systems. In addition to Quester VCT and Quester VCT2, investors include Westpool Investment Trust, Celtic House Investment Partners, Taylor Young Investment Management, Pi Capital, British Smaller Technologies Companies VCT, […]

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Nash, Sells seeks healthy return

20 years ago

Nash, Sells and Partners has led and structured the GBP6.5 million start-up of CVS (UK). It has invested GBP1 million for a 62 per cent stake and committed another GBP3 million to be drawn down over the next four years. CVS (UK) is a new vehicle set up to participate in the consolidation of the […]

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MTI goes for new image

20 years ago

MTI, the UK-based early stage technology venture capital investor, has completed an investment of GBP2.5 million in iBase Image Systems (iBase). The transaction involves an initial GBP1 million, followed by a further GBP1.5 million over the next 12 months. The capital will be used to fund iBase’s expansion. iBase, headquartered in Ilkley, West Yorkshire, has […]

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3i in spending spree at retail site

20 years ago

The south-east UK office of 3i has invested in 21store.com for the second time and introduced Elderstreet, the specialist software and Internet venture capitalist, as a syndicate partner. 21store is one of the world’s first global Internet retail companies and delivers electronics products to customers globally. Funding will be used to further improve the website, […]

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Secondary funding for Swedish drug firm

20 years ago

3i has announced an investment in Labwell, the Swedish drug development technology company. It has led the second round financing as the largest single investor with 40 per cent, while HealthCap, BankInvest and SEB are each committing 20 per cent. The financing will be used to take Labwell’s new cutting edge Coherent Synthesis’ products to […]

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M&A Commentary: Walmart provides food for thought

20 years ago

Much has been made of the arrival’ of Walmart on the European food retail scene. June’s announcement of its acquisition of UK supermarket group Asda overshadowed Walmart’s initial experiment in Germany, when it acquired Aldi in August 1998. Nevertheless, the spectre of the US giant has been enough to send French rivals Carrefour and Promodes […]

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Capital Z Closes Three Financial Services Deals

20 years ago

Internet, Europe and insurance. In a hyperactive week of deal closing, Capital Z Partners led deals in each of these areas, committing more than $150 million from the $1.85 billion Capital Z Financial Services Fund II. Capital Z wound up this funding frenzy last Monday, when the firm led LendingTree Inc.’s $50 million third round […]

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International CLEC Raises $115M Fourth Round

20 years ago

With plans to deliver commercial broadband wireless services to small and medium-sized businesses in five European markets, Denver-based competitive local exchange carrier Formus Communications Inc. earlier this month raised $115.8 million in its fourth round of venture financing. Formus, which currently operates in Poland, has trial projects underway in France and Hungary and hopes to […]

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Chase Capital Targets Canada, Closes IT Deal

20 years ago

New York-based Chase Capital Partners this month formed a strategic partnership with Toronto-based Harrowston Inc., a publicly traded private equity group, to invest in Canadian companies, said Mathew Lori, a principal at Chase Capital Partners. Chase Capital and Harrowston each will commit $100 million to the joint venture that will pursue all levels of private […]

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Net-tel Communications Raises $210M

20 years ago

Targeting an initial public offering in late 2000, Net-tel Communications Inc. recently raised $210 million in debt and equity financing from a syndicate of strategic and financial investors. The Washington D.C.-based company provides integrated communications services – including Internet, long distance and local – for small and medium-sized businesses. Nortel Networks, which led the Series […]

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GE Capital Strikes Up $200M Partnership

20 years ago

Invoking the Gods of synergy, Crown Castle Inc. of Houston recently secured a $200 million private equity financing from GE Capital Structured Finance Group of Stamford, Conn. The financial terms of the convertible preferred equity placement, which is expected to close early next month, include an 8.25% dividend rate and a conversion price of $26.875. […]

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UOL Grabs $100M in LatAm Internet Deal

20 years ago

Given the spate of private equity deals targeting the Latin American Internet market, Universo Online (UOL) knew it had to enter the market with significant strength. So, in a Sept. 14 first round financing, the Sao Paulo, Brazil-based Internet service provider and portal raised $100 million from a Morgan Stanley Dean Witter-led syndicate of private […]

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Pair Team Up for Lab Company Stake

20 years ago

Latin Healthcare Investments Management LLC and Patrimonio Investimentos e Participacoes have together committed $50 million to Delboni-Auriemo, a major Brazilian clinical lab and diagnostic center, through their respective funds – the $60 million Latin Healthcare Fund LP, (LHP), and the $243 million Brazil Private Equity Fund. Jay Dunn, managing director of LHP, said the investment […]

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Cyrk Secures $25M Convertible Placement

20 years ago

Cyrk Inc. of Gloucester, Mass., raised $25 million through a private placement of convertible preferred stock, according to a filing with the Securities & Exchange Commission. The Yucaipa Cos., a Los Angeles-based investment firm, invested in Cyrk through the Overseas Toys LP. The firm purchased 25,000 shares of preferred stock that will pay an annual […]

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RegionalRroundup – East

20 years ago

Healtheon.com Corp. of Lexington, Mass., is raising $5.775 million through a private placement of Series A convertible preferred stock. A minimum investment of $890,000 is required. The Internet-based medical information systems company intends to use the proceeds from the offering for working capital. Omnibox Inc. of White Plains, N.Y., is raising $5 million through a […]

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RegionalRroundup – South

20 years ago

Sneakers.com Inc. of Boca Raton, Fla., is raising $3 million through a private placement of preferred stock. A minimum investment of $100,000 is required. The issuer, which sells sports products over the Internet, intends to use the proceeds from the offering for working capital and Web site development. Inter-Call-Net Teleservices Inc. of Aventura, Fla., is […]

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RegionalRroundup – Midwest

20 years ago

Gulfport Energy Corp. of Oklahoma City is raising $5.025 million through a private placement of common stock. The oil and gas exploration and production company intends to use the proceeds from the offering for development of oil and gas properties, repayment of debt and working capital. Max Broadcasting Network Inc. of St. Louis is raising […]

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TSG Capital Invests in Hispanic Phone Co.

20 years ago

TSG Capital Group this month invested $20 million in Pointe Communications Corp. in the form of convertible preferred stock. The company, which is traded over the counter, is a communications provider that focuses on businesses and residential customers in Hispanic population centers in the U.S. and Central and South America. Conversion price for the stock […]

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