Israel’s largest insurance company is looking to set up its own venture capital fund to invest directly in local businesses.
Private equity managers operating in Central and Eastern Europe say institutional investors will do well to move into local funds before the region matures.
Andrew Matthews joins as a director of the firm’s UK Infrastructure Fund.
Cisco and Infineon contributed to the $220m fund, which has so far made five investments.
The size of the investment has not been disclosed but it's reported that the deal values Comstock at "a substantial premium" over its first round valuation.
The new fund, Earlybird III, has already invested in 14 companies in Europe and the US.
Half the total raised was invested by 13 multinational corporations and the rest came from institutional investors.
The technology investor has invested $4.9m in Kevab, a start-up developing 3G infrastructure products.
The technology provider will take over TessComm, one of T-Venture’s portfolio companies, as part of the deal.
Softbank UK Ventures has invested in Venation a company which has come out of BT’s technology incubator Brightstar.
Dublin-based Aran Technologies will use the financing to globalise its sales division and develop its software intellectual property.
Baring Vostok Private Equity Partners returns to Eastern Europe with the first direct investment fund since the 1998 crisis.
The latest addition to Royal Bank of Scotland's private equity business will invest in enterprise application and communication software, internet infrastructure and hardware infrastructure.
Bay Partners X has secured $475m with significant investments from European investors.
40 per cent of the capital raised comes from Nordic investors, another 30 per cent from the rest of Europe.