Bank-backed BGF has taken a minority stake in TCC, which provides consultancy services to the UK's financial services industry.

Eli Lilly and Company has invested an undisclosed amount of funding in Audion Therapeutics, a Netherlands company developing a treatment for sensorineural hearing loss, as part of a series A round.

Souq.com, an e-commerce site that serves the Middle East and North Africa, has secured $75m from e-commerce group Naspers, an existing investor.

The fuel cell developer, which has received funding from investors including defunct Russian oil company Yukos, has secured $63m from Singapore's sovereign wealth fund.

The Naspers and Tencent-backed, ibiboGroup has followed its purchase of bus ticketing company redBus last year with the acquisition of another India-based bus travel service.

The studio, also funded by investors including China-based private equity firm Hony Capital, will target a star-led, mid-budget release portfolio, as well as direct distribution agreements with major cinema chains.

Telus Health, the healthcare arm of Canadian mobile operator Telus, has made a strategic investment worth $3m in PatientSafe Solutions, a producer of mobile hospital workflow systems.

ABB Technology Ventures made a profitable exit as it sold its share of cyber security company Industrial Defender to Lockheed Martin, which has fully acquired the business.

3M has invested an undisclosed amount in MSi Lighting, a US-based company that offers an alternative to traditional halogen light bulbs.