The European venture arm of IT media group IDG has become independent of its parent with backing from Partners Group and Access Capital Partners. The firm has been renamed Acacia Capital Partners.
Australia-listed investment and advisory firm Babcock & Brown has acquired NRG Energy’s South Australia power assets (NRG Flinders) for A$317 million.
After opening its Israel office less than five months ago, Silicon Valley venture firm Canaan Partners has now also set up shop near New Delhi to tap into India’s Internet and wireless market.
European mezzanine provider Intermediate Capital Group also put a record amount of capital to work in the fourteen months to 2005, arranging or providing £899m of debt financing.
London-based Benchmark Capital Europe has hired Klaus Hommels, formerly of BV Capital, Apax Partners and AOL, as its first European venture partner.
The US-based firm will use its royalty fund to help the company develop a US portfolio of dermatology drugs.
Leisure parks in Europe attract customers from across the world. US and European private equity firms, it seems, are also along for the ride. By Robert Venes.
Helsinki Stock Exchange-listed investor CapMan has sold its 30 percent interest in listed information systems provider Sentera generating proceeds of €12.8m.
US-based real estate fund manager Starwood Capital has sold the French champagne interests that it acquired in its €1.2bn purchase of Groupe Taittinger last July.
StarParks, a European theme park operator owned by London-based growth investor Palamon Capital Partners, has sold six of its leisure parks but will retain its name, management team and a remaining facility in Germany