Three firms buy up 3i’s European portfolio
Investment firms Coller Capital and HarbourVest Partners teamed up over the weekend with venture house DFJ Esprit to buy 29 top-tier portfolio companies from the 3i Group’s European portfolio at discount prices.
Coller and HarbourVest are called “secondary market” firms because they buy stakes in companies from investment firms who made the initial investment in companies, and thus they become the second holders of assets.
And now two partners at 3i have left to manage the assets… Continue Reading
Finjan raises $22M for web security
Finjan, which sells web gateway security products to businesses, has raised $22 million in venture backing. The San Jose, Calif. company says it integrates several security engines into a single appliance that can stop crimeware, malware and data leakage. The round was led by HarbourVest Partners, with participation from Benchmark Capital, Israel Seed Partners, Benhamou Global Ventures and Cisco.