The group’s global technical and professional directors are buying the company.
The investment company has initially taken an 80 per cent stake but sees more opportunities for growth with Holland Railconsult as an independent company.
Twenty six companies including eVolution Global Partners and Louis Dreyfus e-Business Ventures have invested in the second round financing.
Initial Personnel Services will be restructured into four operations.
Board members at Yazam are said to be discussing various options including downsizing the business to concentrate on portfolio-management.
Cambridge Silicon Radio has completed its recent round of funding with an investment by Sony Corporation which is said to have brought the total raised to $50m (E52.3).
The investment is Close Brothers’ third from its Fund VI, which aims to raise £200m.
KPMG’s Corporate Finance’s latest research shows that total value for larger deals in 2000 was up 39 per cent at £19.95bn compared to £14.38bn in 1999.
The survey reveals that approximately one per cent fewer funds are investing in private equity but that the amount invested has increased to £2.8bn from £2.525bn last year.
Brainspark and Royal & Sun Alliance’s Global Ventures unit have formed a strategic relationship in order to explore ‘innovative new business models in the field of technology and financial services.’