Sofinnova Ventures, the San Francisco-based venture capital firm, has closed its sixth fund, Sofinnova Venture Partners VI, at a capped level of $250m.
Capvis, the Swiss private equity house, has agreed to acquire ABB’s Swiss building systems business for an undisclosed sum.
Sagitta Private Equity, a private equity firm investing in small UK mid-market companies, has closed its latest fund at £105m – beating its £75m target by 40 percent.
The US venture capital firm will take on the formerly bankrupt IT company’s venture capital portfolio in exchange for management fees and a cut of the realizations.
The US investment firm has purchased €35m of Abbey National’s existing LP interest in Hutton Collins’ debut mezzanine fund, as well as making an additional €40m commitment - taking the firm’s fundraising to €200m.
Noble Fund Management’s Noble Venture Finance I Limited Partnership fund will provide asset-backed finance to growth companies throughout the EU.
The Polish private equity firm has held a first close of its €300 million fifth fund, securing commitments from pension funds, insurance companies and financial institutions in the US and Western Europe.
Energy Investors Funds Group closes a US fund for investment in power plants and ‘clean’ energy projects, and announces its independence from Deutsche Bank.
The New York and Cleveland, Ohio firm sells Dynojet Research to Graham Partners, a middle-market private equity group based in Philadelphia.
Sir Richard Sykes is to become chairman of Medeus, a new company which has acquired the drugs marketing arm of Elan Corporation in a $120m MBI funded by Apax Partners.