Deal Round-up 08/06/01

Infopress printing money; Spectrum Equity storing value; First Hop, second round; YourNews closes second round

Infopress printing money

Infopress, a leading Romanian commercial printing company today announced that it has received US$5.8 million of funding from Baring Private Equity Partners.

Infopress is one of the biggest printers of magazines and commercial material in Central Europe. Infopress’ General Manager Andras Albert said 'As a result of this round of financing, we will become a full service printing company, operating the largest and one of the most modern commercial printing centres in southern central Europe.'

The investment is from the Baring Central European Fund [BCEF] and it also contained a debt portion provided by BRD Societe General. BCEF has invested heavily in the central European printing industry in addition to Infopress their portfolio also includes Poligrafia in Poland and Allami Printing in Hungary.

Spectrum Equity storing value

Spectrum Equity is taking the lead in a first round financing of E19m in French-based Storage Telecom.

The money will be used for expansion, infrastructure and sales and marketing.

Storage Telecom is the first European Storage Services Provider, offering data storage services to enterprises enabling them to manage, protect and optimise their storage needs and infrastructure.

First Hop, second round

The Finnish mobile infrastructure software company First Hop today announced that it has completed its second round of financing securing E8.5 million. Draper Fisher Jurvetson ePlanet Ventures led the round. First round investor Stratos Ventures also increased its existing shareholding in First Hop.

YourNews closes second round

YourNews, syndicator of on-line and wireless digital content, has successfully closed the remainder of its second round of finance. The complete financing round consists of two phases with four investors.

In January Insight Capital, ABN Amro Corporate Investments and GIMV invested E9m. These three investors together with a new, fourth investor, Residentie Investments, have now invested a further E5m bringing the total amount raised to E14m.