The Spanish private equity firm, which last week closed an E600m fund, has invested in Guascor, a Basque waste management and renewable energy company.
Negative sentiment in the European capital markets puts the brakes on IPOs and trade sales.
Berlin-based YOC is developing an interactive platform for mobile phones and internet.
The company set out to raise at least £7m and has closed the round at £10m which it says will fund the company well into 2002.
Shareholders say Haffa's media business misled investors about its performance and controlling structure.
The capital will be used for research and development and to expand the company’s position in Europe and the US.
The private equity firm has promoted Frédéric Chauffier, Buchan Scott and Julian Brock.
The Belgian fund has had enough of being associated with L&H and is looking for a partner or a takeover offer.
The management team has also acquired Durban & Partners Ltd.
The pension fund has also dropped Dresdner RCM Global Investors as its emerging markets manager.