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8 June, 2006 - 08:27 By Staff Reporter

New powerhouse closes major deals

Esprit Capital Partners, the new partnership resulting from the merger of Cazenove Private Equity and Prelude Ventures, has had 10 successful transactions – raising a total of $142m – close in the past three months. Esprit Capital Partners, the new partnership resulting from the merger of Cazenove Private Equity and Prelude Ventures, has had 10 successful transactions – raising a total of $142m – close in the past three months.

Esprit is the new name for a combined business with $500 million of investments in over 40 private and newly floated companies built up over the last decade.

Since the merger was announced in March the team have been very active in making new and follow-on investments.

The investments have been made throughout Europe – in the Netherlands, France and the UK – and in rounds ranging from $2m to $35m.

These include Sciona, Si-Connect, m-Spatial and a new investment made in the fabless semiconductor business, Xanadu Wireless B.V. Esprit also took part in various funding rounds in Environment IQ, TAGSYS, Empower Interactive Group and Buy.at, the affiliate marketing network.

In addition, investee company Video Island merged with LOVEFiLM to form Europe’s leading web-based home entertainment subscription service and Esprit led a round as part of this merger.

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