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March 6, 1997updated 05 Sep 2016 1:01pm

NEW EUROPEAN SOURCE OF VENTURE CAPITAL

By CBR Staff Writer

Kennet Capital Ltd is a new company that will raise and manage venture capital funding for information technology companies across Europe. A joint venture between Broadview Associates Inc and private equity investment firm Electra Fleming Ltd, Kennet has a fund of 35m pounds, of which 10m pounds has been put up by Electra Fleming. The company will operate out of Broadview’s London offices. It will make investments of 1m pounds to 3m pounds to emerging and growing companies in Europe which have revenues between 1m pounds and 10m pounds.

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