Benelux
LUXEMBOURG/DACH - Sal Oppenheim creates new investment holding
German private bank Sal Oppenheim is reorganising it business and investment activities, with all investment holdings being placing into a newly formed entity that will be independent from the bank.
EUROPE - Debt-free deals see sharp rise in Q4
According to unquote" data, more than a quarter of the 237 buyouts completed across Europe in the last three months of 2008 contained no acquisition leverage, while in the beleaguered UK a staggering 40% of Q4 buyouts were all-equity deals.
EUROPE - Candover downsizes fund
UK buyout house Candover has become to latest large-cap investor group to succumb to the pressures facing firms at the top of the market by announcing a reduction in the size of its latest fund.
LUXEMBOURG - Oostvogels appoints managing partner
Luxembourger law firm Oostvogels Pfister Feyten has promoted Frédéric Feyten to the position of managing partner.
EUROPE – Activist shareholder mulls 3i QPE takeover
AIM-listed investment group Crystal Amber has taken a stake in 3i's Quoted Private Equity and is reported to be in talks with management and 3i regarding delisting the fund.
UK/EUROPE - BNP Paribas and Northern Lights to partner
According to reports, BNP Paribas Investment Partners is to announce a strategic partnership with US-based Northern Lights Ventures, a private equity firm focused on the institutional asset management industry.
GLOBAL - KKR appoints Donohue as managing director
Kohlberg Kravis Roberts has announced that Suzanne Donohoe will join the firm's global capital and asset management group as managing director and global head of the client and partner group.
GLOBAL - Permira bulks up Technology team
Permira has strengthened its technology team with the appointments of Brian Ruder and Bruce Chizen as a partner and senior advisor, respectively.
GLOBAL - LPs 'will find a way out'
"There's no question, that on our new deals, we'll have the availability to get out," said Rafael Stone of Washington State University's Board of Regents, speaking at the unquote" South African Private Equity Congress in Cape Town this morning.
UK/NETHERLANDS - HgCapital to close Amsterdam office and consumer team
HgCapital has announced that it is to close its office in Amsterdam and its London-based consumer and leisure team.
GLOBAL - Aladdin launches DIP fund
Aladdin Capital Holdings has launched a new fund designed to invest in Debtor-in-Possession facilities.
BELGIUM - GIMV et al. invest EUR 13.5m into ActoGeniX
A consortium of investors, including existing backers Gimv, Biotech Fund Flanders, Baekeland Fund, VIB, LSP, Aescap Venture and Ventech, as well as new investor Biovest, have invested EUR 13.5m round into biopharmaceutical business ActoGeniX in a series-B...
EUROPE - Clemens Vedder branches out into private equity
Clemens Vedder's Goldsmith Investments has launched a private equity fund targeting EUR 700m to EUR 1bn of assets.
GLOBAL - Siemens launches venture capital fund-of-funds
Siemens Venture Capital GmbH has launched Siemens Global Innovation Partners I GmbH & Co. KG (SGIP I), a $200m fund-of-funds that will invest in venture capital funds worldwide as well as select growth capital funds.
BELGIUM - Gimv appoints Peter Maenhout
Gimv has appointed Peter Maenhout as executive vice president.
Shaken and stirred
The overcommitment policy LPs adopted in the past is gone for good. The industry is waving good-bye to the convenient means of funding future capital calls with future fund distributions
2009 already written off
Europe will not see signs of a return to economic health until 2010 at best, suggests a new survey
LUXEMBOURG - DEFI et al. back DS Care funding
Swiss investor DEFI Gestion SA, Luxembourg-based Luxempart and French fund Sinequanon have invested a combined EUR 20.2m into healthcare provider DS Care in a second round of funding.
GLOBAL - TPG downsizes fund
TPG Capital is to cut its $6bn fund designed to invest in distressed financial companies by 25%, reports suggest.
NETHERLANDS - LDC appoints Dutch director
Mid-market private equity house LDC has strengthened both its investment team and international reach with the appointment of Ronald Verhoef as director of its new Netherlands office.
NETHERLANDS - Mountain Partners-backed Bluehill acquires Yoonison
Business angel network Mountain Partners-backed Bluehill ID has acquired Yoonison BV.
EUROPE - Dubai Int’l Cap replaces PE CEO
Dubai International Capital has appointed David Smoot as its new private equity chief executive, to be based in Dubai.
EUROPE - PEREP appoints three board members
Private equity data platform PEREP_Analytics has appointed Sergey Sheshuryak, Sophie Manigart and Peter Rosenhoom to its governing board.
EUROPE - Baugur to collapse
Baugur is set to go into administration after its main banker, Landsbanki, ended restructuring talks with the once-prolific Icelandic investor.