Private equity firm General Atlantic has added a fifteenth services company to its portfolio after buying a $66m minority stake in an outsourcing provider.
Baird Capital Partners Europe is closing its first two deals of 2007, backing the €156m management buyout of an aluminium products manufacturer, and selling a plastics manufacturer.
Nordic private equity firm Industri Kapital is making its first investment this year, by buying most of the shares in a transmission equipment manufacturer owned by private equity firm CapMan.
3i has made its second investment in two days as it returns to a third round of $125m fundraising for an Indian broadcaster alongside a US supplier of networking equipment for the internet and Oman Investment Fund.
3i has completed its third exit in two weeks with the $75m sale of a global positioning systems company it invested in alongside Nordic VC InnovationsKapital.
Benchmark Capital-backed social networking site Bebo has hired information technology veteran and former Google managing director Joanna Shields as president, and will move out of Benchmark’s offices this week.