Home Blog Page 5468

The Carlyle Group Invests Additional $10M in Supercircuits

E.C.
-
0
Austin Texas-based company Supercircuits, a manufacturer and distributor of commercial and residential video surveillance solutions, recived an additional $10m investment from The Carlyle Group.

The Carlyle Group first purchased a controlling interest in Supercircuits in August 2006.

The new funds will be used to invest in new technologies and products and to fully retire Supercircuits’ debt.

As stated by Brian Wood, Chairman and CEO of Supercircuits, the capital will enable the company to deliver even more outstanding value and support to its customers.
He said: “We also intend to expand our product offerings and further invest in Law Enforcement and Dealer initiatives. Eliminating our debt also gives Supercircuits the advantage of a rock solid balance sheet and greater flexibility in this challenging economy”. 

FinSMEs

23/10/2009

UK, Companies in SETsquared Incubators Received £52.5M from Private Investors and VC funds

E.C.
-
0
The SETsquared Partnership, which combines the resources of the Universities of Bath, Bristol, Southampton and Surrey to incubate early-stage technology businesses, has experienced a successful year for investment in the companies it is supporting.
According to new figures, in the year from September 1st 2008, companies in SETsquared incubators received £52.5m from private investors and venture capital funds, creating 142 new jobs.
Over the last 4 years, companies supported by the centres have raised over £170m and created over 1100 jobs.
Energy was the largest industry sector to receive funding, followed by healthcare and information technology. Semiconductors, renewable energy and computer animation businesses also benefited from new investments.
Commenting on the figures, Karen Brooks, Projects Director, said “SETsquared’s incubators increase significantly the chances of success for young technology companies. This is very attractive to investors and we are seeing growing investment from both business angels and VC funds”.
The SETsquared Business Acceleration Centres provides business mentoring and office space to entrepreneurs and business professionals. 
FinSMEs
23/10/2009

Intesa Sanpaolo-Cassa Depositi e Prestiti, €600M to Finance Italian SMEs

E.C.
-
0
Intesa Sanpaolo has signed the financing contract with Cassa Depositi e Prestiti (CDP, a joint-stock company under public control) within the framework of the Agreement between the Italian Banking Association, ABI-CDP that regulates a new initiative for providing financing to Small and Medium-sized Businesses (SMEs).

The initiative has been realised through the utilisation of a €8bn fund made available by CDP to the banking system in two portions, the first amounting to approximately € 3bn and the second to € 5bn.

Intesa Sanpaolo will receive € 600m from the first portion of funds, while the quota of use related to the second part will be determined in February 2010 on the basis of criteria provided for under the ABI-CDP Agreement.

According to an official statement, within the framework of the agreement, Intesa Sanpaolo will provide SMEs with investment and working capital loans exempted from the substitute tax having competitive terms and conditions in comparison with ordinary products. 

FinSMEs

23/10/2009

ePlanet Ventures Receives VC Honors at The Asia M&A Atlas Awards 2009

E.C.
-
0
ePlanet Ventures, a global venture capital firm based in Silicon Valley, London, Bangalore, Beijing and Seoul was selected as the Asia Venture Capital Firm of the Year 2009. 
The award, was presented in Mumbai by Global M&A Network.  
The Asia M&A Atlas Awards acknowledges notable and distinct accomplishments in the mergers, acquisitions, alternative investing and related industries in the Asia Pacific region. The award honors firms that have shown excellence in their field based on a rigorous set of criteria.
ePlanet Ventures, which was awarded for its commitment to the growing economies of Asia, has funded over 90 innovative high-growth companies world-wide and specialises in promoting cross-border migration of technological innovation, business models and entrepreneurship.
The Firm has made investments in sectors such as the Internet, wireless communications and applications, VoIP and other broadband services, entertainment, semiconductor design, life sciences and other emerging services sectors. ePlanet also makes investments in traditional and established industries where business-model improvements have the power to create category-dominant companies in the world’s fastest growing markets.

Commenting on the award, Asad Jamal, chairman of ePlanet Ventures, said: “This award recognizes the strength of our global team and our global footprint. We are committed to advancing innovation and excellence among our portfolio companies throughout the world”.   

FinSMEs

23/10/2009

Ensphere Solutions Secures $4M Investment from Ideavelopers

E.C.
-
0
In August 2009, fabless semiconductor company California Ensphere Solutions received a $4m investment from Ideavelopers Ideavelopers, a high-technology investment firm, which operates in Middle East and manages Egypt’s first technology venture capital fund, ‘The Technology Development Fund’.
Commenting on the financing, Hessam Mohajeri, Chief Executive Officer of Ensphere Solutions, said: “Ideavelopers’ investment will help us to expedite our product development and rollout plans. In addition to financial backing, we can tremendously benefit from Ideavelopers’ experience and industry contacts”.
Ensphere Solutions is headquartered in Santa Clara, California with a design center in Cairo, Egypt.
The company develops and markets semiconductor products for various optical interfaces used in mainstream applications in communication, consumer electronic, and computing markets. In addition to chip-level products, Ensphere has offered design services and intellectual properties (IPs) to its strategic customers.
FinSMEs
23/10/2009

Scotland, Par Equity and Senergy to Launch £50M Investment Fund for Renewable and Power Sources

E.C.
-
0
Edinburgh-based venture capital firm Par Equity is partnering with energy consultancy Senergy to launch a £50m investment fund for renewable power sources.

The two organizations will start ­raising cash early next year. The new Par Sustainability Fund 1 is targeting institutional investors, aiming for closing within six to nine months.

According to reports, Senergy Alternative Energy will take an initial stake between 10% and 20%.

The new fund will focus on Scottish and European companies involved in onshore and offshore wind and ­geothermal technologies, waste-to-energy and recycling making investments of up to £5m at a time. 

FinSMEs

23/10/2009

London-Based Enrich Social Productions Raises £2.1M from Syndicate of Leading Entrepreneurs

E.C.
-
0
London-based early-stage investment firm Ariadne Capital has syndicated a £2.1m funding from leading entrepreneurs for Enrich Social Productions (ESP), a media creation and distribution firm.
The round was led by Edge Performance VCT. Other investors in the syndicate include entrepreneurs Andrew Black, Mark Blandford, Philip Highlander and Richard Glynn.
Ariadne has a founding stake in ESP and has advised the firm since June 2007 through two funding rounds.
London-based ESP specialises in creating and distributing multiplatform media formats in the area of Entertainment, Music, Sport and Social Responsability and the proceeds from the financing will be used to provide the company with the means to drive innovation and thrive in the industry.
FinSMEs
23/10/2009

GE Creates $250M Equity Fund to Invest in Healthcare Technology Companies

E.C.
-
0
NYSE-listed GE announced the creation of a $250m equity vehicle that will make investments in healthcare technology companies.

The GE Healthymagination Fund will invest in promosing companies with innovative diagnostic, IT, and life sciences technologies and developing unique business models and services.

The fund will target three broad areas for investment:
– Broad-based Diagnostics, including imaging, home health, patient monitoring, molecular diagnostics, pathology, novel imaging agents and other technologies for disease diagnosis.
– Healthcare Information Technology, including electronic medical records, clinical information systems, healthcare information exchanges and value-added data services.
– Life Sciences, including tools for research and development in biopharmaceuticals and stem cells, and technologies for manufacturing of biopharmaceuticals and vaccines.

The fund will be based on capabilities coming from GE Healthcare, GE Capital and GE Global Research and will have a global presence.

The creation of the new vehicle is part of GE’s $6bn Healthymagination initiative, a global commitment to deliver better healthcare to more people at lower cost.

FinSMEs

22/10/2009

EIB Signs €50M Facility for Bulgarian SMEs

E.C.
-
0
The European Investment Bank (ΕIB) signed a €50m facility with Eurobank EFG Bulgaria, for funding small and medium-sized companies in the country.
According to Ms Marta Gajęcka, EIB Vice-President responsible for lending in Central Europe as well as Bulgaria, “the facility will offer greater scope for meeting the liquidity needs of local companies in this unprecedented international economic crisis that we are facing”.
Eurobank EFG Bulgaria AD, one of the leading financial institutions in Bulgaria, is part of the Eurobank EFG Group which employs more than 23,000 people and offers its products and services both through its network of over 1,600 branches and points of sale, and through alternative distribution channels.
Eurobank EFG Group has an established presence in Greece, Bulgaria, Serbia, Romania, Turkey, Poland, Ukraine, United Kingdom, Luxembourg, and Cyprus.
It is a member of the EFG Group, an international banking group with presence across 40 countries. 
FinSMEs
22/10/2009

KCSA Strategic Communications Acquires TanenPR

E.C.
-
0
KCSA Strategic Communications, a strategic communications firm that integrates public relations, investor relations and marketing services all within one firm, has acquired TanenPR, TanenPR, which specializes in public relations services for business to business, professional services and consumer-focused companies.

Julia Tanen, the founder of TanenPR, will join KCSA as a Managing Director along with her staff of five professionals. She will oversee KCSA’s expansion in the Boston area and Northeast.

The terms of the acquisition were not disclosed.

Founded in 1969, KCSA has more than 30 professionals located in the firm’s headquarters at 880 Third Avenue in New York City.

Commenting on the deal, Jeff Corbin, Chief Executive Officer of KCSA, said: “Over the past several years, KCSA has focused on expanding its financial and professional services offering. The acquisition of TanenPR, which has extensive experience representing a variety of industries and firms, particularly professional services, continues the progress that we are making”. 

FinSMEs

22/10/2009

Sweden, Simatic AB Raises SEK 5M

E.C.
-
0
Askim, Sweden-based Simatic AB, a provider of AGV-Systems (Automated Guided Vehicle Systems) that specializes in logistic solutions for material flows, warehousing and transportation in industrial applications, raised SEK 5m from venture capitalist firms Almi Invest, Coach &Capital and an undisclosed investor.
Simatic develops order and traffic control and navigation software for all types of automated trucks.
In connection with the investment, Simatic named Leo de Meere as a new CEO. Lennart Hagegård and Stone Malmqvist of Coach &Capital will join Simatic’s Board. Malmqvist will become the new Chairman.  
FinSMEs
22/10/2009

Dailymotion Announces €25M Funding

E.C.
-
0
Dailymotion, one of the leading sites for sharing videos, announced a $25m (€17m) funding round led by the French Sovereign Fund (FSI) and including original investors Advent Venture Partners, AGF Private Equity, Atlas Venture and Partech International.
The funds will be used to accelerate the company’s growth globally and to expand its offerings, including to multiple platforms such as mobile and IPTV.
Dailymotion provides high-quality and HD video in a fast, easy-to-use website that also automatically filters infringing material as notified by content owners.
FSI, a corporation (société anonyme) owned 51% by the Caisse des Dépôts et Consignations and 49% by the French government, contributed $11m (€7.5m) to the round.

FinSMEs

22/10/2009

Centice Corporation Completes $6.1M Series C Financing

E.C.
-
0
Centice Corporation completed a $6.1m Series C financing round led by existing investors Aurora Funds, S-Group Direct Investments, Innovation Ventures and several individuals as well as new investor Fulcrum Financial Group. 

The funds will be used to support ongoing commercialization efforts for release 3.0 of Centice’s PASS Rx prescription verification product for the retail and hospital outpatient pharmacy marketplace.

On this point, Scott Albert, CEO and Chairman of the Centice Board of Directors, was reported as saying: “These funds will allow us to appropriately position, market and sell the product to pharmacies nationwide”.

Founded in 2004, Centice, is headquartered in Morrisville, NC. Its flagship product, PASS Rx, improves the verification process for dispensed medications, thereby improving quality and optimizing workflow in the pharmacy.

FinSMEs

22/10/2009

Aero Financial Acquires Controlling Interest in Entelechis Corporation

E.C.
-
0
Aero Financial, Inc. has acquired controlling interest in Entelechis Corporation, a Park City, UT-based company specializing in educational products and services.
Under the terms of the agreement, Aero Financial, which was a founding investor in Entelechis and has been an ongoing consultant to the company for over four years, has agreed to assume certain liabilities of the company for the control equity position.
Don Tolman will remain the CEO of Entelechis. The company will continue to create and market its educational products and services, including books, curriculums, informative seminars and boot camps.
Founded in 1992, Aero Financial is an international holding company, operating and managing subsidiaries and equity holdings in the fields of finance, real estate, asset management, consulting, health, education and food service.
FinSMEs
22/10/2009

Organic Motion Secures B Round Venture Financing from Foundry Group

E.C.
-
0
New York City-based Organic Motion, a provider of a computer vision software and maker of highly advanced markerless motion capture systems, has secured an undisclosed amount of Series B venture financing.
The round was led by Foundry Group, a venture capital firm focused on investing in early-stage information technology, Internet and software startups.
As stated by Andrew Tschesnok, CEO of Organic Motion, this investment will act as a catalyst to continued growth as well as expand the company’s sales network.
Organic Motion’s systems enhance motion capture for the entertainment industry, the life sciences, and for large-scale customized motion applications for the general public. The company has partnered with companies including Intel, Disney, Sony, Six Flags, Adidas and BMC.
FinSMEs
22/10/2009
1...5,4675,4685,469...5,507Page 5,468 of 5,507

Follow Us