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Luxury travel deals site Secret Escapes grabs $60 mln

London-based Secret Escapes, a luxury travel deals site, has raised $60 million in Series C funding. Google Ventures and Octopus Investments led the round with participation from return backers Index Ventures and Atlas Venture. Torch Partners was the advisor on the transaction.

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Permira to acquire Teraco

Permira has agreed to buy Teraco, a provider of carrier neutral data center services in Sub-Saharan Africa. No financial terms were disclosed. The transaction is expected to close in 2015. Torch Partners advised Permira on the deal. In addition to the acquisition, Permira’s Richard Sanders and Michail Zekkos have been added to Teraco’s board.

Talking Tech in 2013 with Investment Banker Sanu Desai

Sanu Desai probably knows venture-backed M&A as well as any investment banker, and as the year winds down, we asked for Desai’s perspective on the sluggish tech M&A market, private company valuations and what sectors he expects will drive deals in 2013.

Torch Partners Opens German Office

Torch Partners, a European investment banks focusing on the technology media and telecoms sector, has expanded with the opening of an office in Germany. The new office, based in Berlin, will enable Torch Partners to service the expanding pool of entrepreneurs, corporates and investors focused on high growth opportunities in Germany.

Secret Escapes Secures Funds Led by Index Ventures

Secret Escapes, an online luxury travel club, has secured 8 million pounds ($12.9 million) of new funding. Index Ventures led the funding round with participation from existing investors Octopus Ventures and Atlas Venture. Torch Partners advised Secret Escapes on the fundraising.

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