October 2009

Lithuanian SMEs Benefit From First JEREMIE Holding Fund Transaction from EIF

October 31, 2009

The European Investment Fund (EIF) completed the signing of a €75m transaction from the Lithuanian Holding Fund with SEB Bank in Lithuania under JEREMIE, the EU initiative aimed to improve access to finance for small and medium enterprises within the Structural Funds framework for the period 2007 – 2013. The deal will be matched by [...]

York, UK-Based Ice Cream Maker Yorvale Receives £94,000 Grant

October 30, 2009

Yorvale, a York, UK-based ice cream maker, has received a £94,000 Rural Development Programme for England (RDPE) grant from the Regional Development Agency Yorkshire Forward. The grant allowed the company, which was founded in 1989 and now employs a team of seven, to begin work on a 400m2 extension of its facilities at Acaster Malbis [...]

Banco Sabadell Opens Branch in Casablanca to Support Spanish Companies

October 30, 2009

After acquiring Mellon United National Bank in Florida in July and opening a representative office in Dubai in September, Banco Sabadell inaugurated a new branch in Casablanca, Morocco, whose goal is to provide support for Spanish companies operating in the region. According to the Bank, approximately 500 Spanish companies from all sectors currently have a [...]

Onehub Raises $1.3M from Ignition Partners and Angel Investors

October 30, 2009

Bellevue, WA-based Onehub, Inc., a provider of web-based collaboration and file sharing software, has secured $1.3m in Series A financing from venture capital firm, Ignition Partners, and several angel investors. Richard Fade, who spent 16 years at Microsoft Corporation, Doug Henrich, whose career at Microsoft spanned 11 years where he served as a General Manager, [...]

UK, NWDA Awards a £200,000 Grant for Business Investment to Beverston Engineering

October 30, 2009

St Helens, UK-based Beverston Engineering, a manufacturer of a range of components for the aerospace and pharmaceutical sectors, received a £200,000 Grant for Business Investment (GBI) from the Northwest Regional Development Agency (NWDA). The company is looking to move to a site that is three times larger, which would ensure the company’s 31 employees remain [...]

Momentive Receives $4.5M Grant from U.S. Department of Energy

October 30, 2009

Albany, NY-based Momentive Performance Materials will receive $4.5m in funding from the U.S. Department of Energy (DOE). The funds will be used to continue the development of breakthrough technology for the low cost production of light emitting diodes (LEDs) used in solid state lighting (SSL) and for increased LED light source performance. As stated by [...]

Sweden, Private Equity Fund CapMan Life Science IV Invests in SRK Konsultation AB

October 30, 2009

Private equity firm CapMan Plc, through the CapMan Life Science IV fund, in which it is a substantial investor, has acquired a majority stake in Sweden-based SRK Konsultation AB. The funds from the transaction will be used to continue the company’s expansion across Sweden. Founded in 2002, SRK recorded net sales of approximately €5m in [...]

NTT Com Completes Acquisition of Pacific Crossing

October 30, 2009

On Friday October 23rd, NTT Communications Corporation (NTT Com) successfully completed the acquisition of 100% of Pacific Crossing Limited, the operator of the 21,000km trans-Pacific undersea cable network, PC-1. NTT Com is the wholly-owned subsidiary of Nippon Telegraph and Telephone Corporation, one of the world’s largest telecoms with listings on the Tokyo, London and New [...]

Small Businesses Are Important Players in U.S. Business and Job Growth

October 30, 2009

Small businesses have played, play and will play an important role in the nation’s economic future, the Office of Advocacy’s Small Business Profile for the United States relveals. The Office, an independent voice for small business within the federal government, released details about small business employment, business starts and closings, bank lending in 2008, the [...]

Xanodyne Raises $50M in Equity Financing to Support Emerging Product Portfolio

October 30, 2009

Newport, Kentucky-based Xanodyne Pharmaceuticals, Inc., a pharmaceutical company with both development and commercial capabilities focused on women’s healthcare and pain management, completed a $50m in equity financing. The round was led by Longitude Capital with participation from new investors Skandia and Silver Point Capital. Current investors that participated in the financing include MPM Capital, LLC, [...]

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