Done Deals

• Italian fuel cell manufacturer Electro Power Systems has secured a €5.4 million (£4.7 million) funding round led by a private investor and its existing venture capital investor, 360° Capital Partners. Source: New Energy World Network
  
  
• Hampden Underwriting Plc, a provider of limited liability direct investment into the Lloyd’s insurance market for investors, has acquired a corporate member of Lloyd’s to increase its underwriting capacity, for £500,000 in cash.

• Mosaic Fashions, owner of ladies fashion retailers Principles, Coast, Karen Millen and Oasis, is in talks with its senior creditor, Kaupthing Bank, to secure the future of the business. The company said it has received a number of approaches to sell the Principles business and is considering these within the scope of its restructuring.

• California-based WePOWER, a developer of clean energy services around the world, has acquired patented and proprietary wind energy technologies from PacWind, Inc., also in California. The size of the deal has not been disclosed.

• AIM-traded international oil and gas company San Leon Energy has agreed to acquire TSX Venture Exchange-listed Gold Point Energy in an all-share deal worth $1.5 million. Read more

• German water services company Triton Format has secured €10.4 million (£9.2 million) for organic expansion and potential acquisitions from European cleantech investor Zouk Ventures, alongside US investor Meidlinger Partners and senior management. Read more

Deals in the Pipeline

• Raven Russia, an AIM-traded developer of warehouses and logistics parks in Russia, has announced its plans to raise £125 million via a placing. Alongside its fundraising plans, the company also intends to launch a £57 million takeover bid for property company Raven Mount Group Plc. Read more

• Mercer, global provider of consulting, outsourcing and investment services, is to merge its investment consulting business with US-based investment consultant Callan Associates in a move to create one of the largest investment consultancies in the US. The size of the deal remains undisclosed.