Benelux
NL - Former Dutch finance minister Gerrit Zalm joins Permira
Gerrit Zalm, former deputy prime minister and minister of finance of the Netherlands, has joined Permira as an adviser. He will provide advice on business issues, the economy and the socio-political environment.
BELGIUM - KBC Private Equity invests EUR 3m in VMD
KBC Private Equity has invested EUR 3m in VMD to enable it to acquire Laboratoires Biové. VMD and France-based Laboratoires Biové are both manufacturers of veterinary medicines.
NL - HgCapital acquires Fabory for EUR 345m
HgCapital has acquired Fabory (formerly Borstlap Group), a distributor of industrial fastners, from AAC Capital Partners (formerly ABN AMRO Capital) in a deal which values the company at EUR 345m. Bank of Scotland provided a financing package to support...
NL - Gilde company Ablynx awarded EUR 1.9m grant
Gilde Healthcare Partners portfolio company Ablynx has been awarded a grant worth EUR 1.855m by the Institute for the Promotion of Innovation by Science and Technology in Flanders (IWT). The grant will enable Ablynx to accelerate the speed of exploring...
EUROPE - HgCapital strengthens renewable energies team
HgCapital has announced the appointment of Jean Pararnaud and Jens Thomassen as associate directors and the internal promotions of Emma Tinker and Rob deLazlo.
NL - iRex technologies holds first close of EUR 6m financing round
Electronic paper solutions provider iRex Technologies has held the first close of a EUR 6m financing round led by Main Capital Partners. Existing shareholders ABN Amro Capital and management have also contributed to the round. The new capital will be...
EUROPE - H.I.G Capital opens new European offices
H.I.G Capital, a global private equity firm specialising in investments in small to medium sized companies, has announced the opening of offices in France and Germany.
EUROPE - Deutsche unquote" Private Equity Congress & Awards – 11 October
unquoteт is delighted to announce its second annual Deutsche unquoteт Private Equity Congress & Awards on 11 October 2007, in Zurich. The Congress brings together industry experts to discuss how to stay ahead of the game in this dynamic region. Produced...
GLOBAL - Mubadala buys 7.5% Carlyle stake for $1.35bn
Mubadala Development Company has bought a 7.5% stake in The Carlyle Group for $1.35bn in cash. The deal represents a 10% liquidity discount to the $20bn firm valuation that was agreed by both parties. The minority investment includes no associated voting...
NL - Candover withdraws EUR 1.5bn Stork bid
Candover has withdrawn its EUR 1.5bn offer for Stork after LME Holdings, a holding company of Icelandic food processing group Marel, declined to tender its shares. LME Holdings has recently raised its shareholding to more than 43% to block the bid,...
EUROPE - SLIPE to manage CalPERS' EUR 400m mandate
Standard Life Investments (Private Equity) Ltd (SLIPE) has been selected to manage a EUR 400m mandate focused exclusively on European private equity.
FRANCE/BELGIUM - Ablynx and Boehringer Ingelheim join forces
Pharmaceutical companies Boehringer ingelheim and Ablynx today jointly announced a major global strategic alliance aimed at developing a range of Nanobody® therapeutics.
BELGIUM - KBC acquires majority stake in industrial door maker Dynaco
KBC Private Equity has acquired a majority stake in Dynaco, a Belgian industrial door maker, from the company's founder and owner Benoit Coenraets. Coenraets will keep a substantial stake in the company, and Olivier Coune will remain CEO.
GLOBAL – Pantheon makes NY hire
Pantheon, a global fund-of-funds and secondaries player, as appointed Rudy Scarpa to its secondaries team as partner.
NL - Candover extends acceptance period for Stork bid
Candover has extended the acceptance period for its EUR 1.5 bn Stork bid until September 18 in the face of shareholder opposition. LME Eignarhaldsfelag ehf, a holding company of Icelandic food processing group Marel , has recently raised its stake...
EUROPE - Stoxx launches private equity index
Stock exchange monitor Stoxx today launched a new index which tracks the performance of Europe's 20 largest listed private equity firms.
EUROPE - CVC hires former RBS CFO
CVC Capital Partners has appointed former Royal Bank of Scotland (RBS) chief financial officer Fred Watt as chief operating officer.
NL - ING joins Agendia's pool of backers
ING is the latest investor to back molecular diagnostics company Agendia BV. The bank has joined existing investors Gilde Healthcare Partners , Van Herk Biotech BV and Global Life Sciences Ventures on the company's fourth financing round, valued at...
BELGIUM - Consortium invests EUR 4m in SteelThermHex
Finindus, Gemma Frisius Fonds KU Leuven, Allegro Investment Fund, KBC Arkiv and a number of private investors have together invested more than EUR 4m in SteelThermHex, a young Flemish enterprise specialised in the production of sandwich panels with a...
EUROPE - Bear Stearns Private Equity seizes the moment
In an interview with unquote", Bear Stearns Private Equity director Greg Getschow explains that market upheaval can be good for business and how GPs will have to rediscover the essence of private equity. The last few weeks have been a challenging...
GLOBAL - Carlyle postpones IPO
The Carlyle Group has put back plans for an IPO until 2008, David Rubenstein said in an interview with Financial Times Deutschland. He blamed the delay on the uncertainty in the debt and equity markets and also said that he expected one quarter of agreed...
EUROPE - European private equity leaps on cleantech
The concern with environmental issues and the consequent demand for solutions related to the generation of renewable energy and waste management has made cleantech a sought-after sector for European GPs. Dealflow in the sector has seen a noteworthy increase...
NL - Rabo Participaties backs secondary buyout of Itho
Rabo Participaties and the management of Itho Holding B.V. have acquired all of the shares in the company via a secondary management buyout. Rabo Participaties has acquired a majority interest. Alpinvest has sold its interest in the company.
BELGIUM - Godiva draws private equity interest
Private equity houses are reported to be interested in Godiva Chocolatier following Campbell Soup Company 's announcement that it will explore strategic alternatives. Campbell has hired Centerview Partners LLC as its financial advisor.