Benelux
GLOBAL - Advent International promotes 18
Advent International has promoted 18 members of its global investment team.
EUROPE - Credit Suisse sets up restructuring advisory division
It is understood that Credit Suisse has established a new division to provide restructuring advice to companies and private equity firms in Europe, the Middle East and Africa (EMEA).
NETHERLANDS - PE interested in Essent
Market rumour suggests that private equity firms such as CVC and KKR have shown interest in acquiring Dutch waste management company Essent Waste, which has been put up for sale by its parent company.
NETHERLANDS - Rabobank invests $5.4m into eFresh
Rabobank has made a $5.4m investment into Netherlands-based fresh industry portal eFresh.
EUROPE - Value of buyouts plunges to five year low
The value of private equity-backed acquisitions across Europe fell to a five-year low in 2008 amidst continuing illiquidity in the debt markets and a worsening macroeconomic climate, dropping by 61% from 2007's record high of more than EUR 184bn to EUR...
EUROPE - Balderton holds $430m first closing of fourth fund
Balderton Capital has held the first close of its new $500m vehicle, Balderton IV, on $430m.
GLOBAL - LBPE agrees to buy back more shares
Lehman Brothers Private Equity Partners has amended the liquidition enhancement agreement from July 2008 to raise the amount of shares it can buy back.
BELGIUM - Wellington et al. sell Q-Layer to Sun Microsystems
Wellington Partners, Partech and Big Bang Ventures-backed software developer Q-layer has been acquired by US IT firm Sun Microsystem.
GLOBAL - Secondaries pricing dips to five year low
Pricing of limited partnership interests on the secondaries market dipped to its lowest level for five years in H2 2008, with the average high bid falling to just 61% of NAV according to the Winter 2008 Secondary Pricing Analysis Interim Update , produced...
EUROPE - Shearman & Sterling promotes 12 to counsel
International law firm Shearman & Sterling has promoted 11 lawyers to counsel and one to European counsel.
Permira's plight
Permira is letting its investors scale back. Reactions are mixed
BELGIUM - Gimv holds EUR 500m first close
G imv has held a first closing of its new XL fund on EUR 500m.
EUROPE – EIF's Meyer seconded to EVCA
The European Investment Fund (EIF), Europe's largest venture fund investor, has seconded Thomas Meyer to the EVCA for a period of three years, commencing in January.
EUROPE - LODH holds second closing of Euro Choice IV on EUR 409m
LODH Private Equity has reached the second closing of Euro Choice IV and its related investment vehicles on EUR 409m. The final closing is scheduled for 27 February 2009.
BELGIUM - Gimv and DG Infra+ invest EUR 30m into Electrawinds
Gimv and DG Infra+ have jointly invested EUR 30m into renewable energy company Electrawinds NV via a subordinated loan with warrants.
NETHERLANDS - Gimv and AGF lead EUR 18m Prosensa funding
Gimv and AGF France have co-lead an EUR 18m series-B financing round for Dutch biotechnology company Prosensa, alongside existing investors UK-based Abingworth, and Netherlands-based LSP and Medsciences Capital.
BELGIUM – AXA PE acquires Sfinc from Gimv
AXA Private Equity, alongside company management and Axxess Partners, has purchased a majority stake in Belgian food company Sfinc from Gimv.
NETHERLANDS - PE interested in Refresco BV
According to reports, Kaupthing Singer & Friedlander-backed Dutch fruit juice producer Refresco Holding BV is being circled by private equity firms.
NETHERLANDS - ACC-backed Baarsma acquires Swiss Rutishauser
AAC Capital Partners-backed Baarsma Wine Group, a wine distribution business, has acquired Swiss wine business Rutishauser Weinkellerei.
BELGIUM - Arkafund and Vinnof back Oxynade with EUR 1m
Venture capital firm Arkafund and Vinnof (Vlaamse Innovatiefonds), a provider of seed capital to innovative Flanders-based start-ups, have participated in a series A round of financing for internet start-up Oxynade, commiting a total of EUR 1m.
NETHERLANDS - IK exits Wehkamp
IK Investment Partners has sold Dutch online shopping site Wehkamp to a group of private investors for an undisclosed sum.
GLOBAL - PIP to raise £49.5m from issue of loan notes
Quoted private equity fund-of-funds Pantheon International Participations Plc (PIP), which is managed by Pantheon Ventures Ltd, has announced that it has entered into an agreement with institutional investors to raise up to ТЃ49.5m through the issue of...