Jenny Bollen

Private equity firm General Atlantic has added a fifteenth services company to its portfolio after buying a $66m minority stake in an outsourcing provider.

Baird Capital Partners Europe is closing its first two deals of 2007, backing the €156m management buyout of an aluminium products manufacturer, and selling a plastics manufacturer.

Nordic private equity firm Industri Kapital is making its first investment this year, by buying most of the shares in a transmission equipment manufacturer owned by private equity firm CapMan.

3i has made its second investment in two days as it returns to a third round of $125m fundraising for an Indian broadcaster alongside a US supplier of networking equipment for the internet and Oman Investment Fund.

3i has added its 25th healthcare business to its portfolio after closing a financing round for Glucon, a US medical technology company.

Swiss investment manager LGT Capital Partners has closed a €609m fund of funds, which will target the European mid-market.

3i has completed its third exit in two weeks with the $75m sale of a global positioning systems company it invested in alongside Nordic VC InnovationsKapital.

Benchmark Capital-backed social networking site Bebo has hired information technology veteran and former Google managing director Joanna Shields as president, and will move out of Benchmark’s offices this week.

Macquarie Bank has teamed up with rival BC Partners to takeover Techem in Germany’s first ‘hostile’ public-to-private.

3i has made 10 times its original investment in a temporary building provider through a €100m sale in its second exit in two days.