DACH
Wölbern Invest's Schulte taken into custody on fraud charges
Heinrich Schulte, the owner of asset manager Wölbern Invest, was taken into custody yesterday, facing charges relating to the embezzlement of €137m.
KfW backs Bill & Melinda Gates Foundation fund with €10m
German development bank KfW has invested €10m in the Global Health Investment Fund (GHIF) of the Bill & Melinda Gates Foundation, joining backers including JP Morgan and GlaxoSmithKline.
Hogan Lovells loses nine to Morrison & Foerster
Law firm Morrison & Foerster has poached all of Hogan Lovells' Berlin-based partners to open its first German branch.
Kingsbridge sells insolvent Kunert
Kingsbridge Capital has sold part of stocking retailer Kunert to turnaround investor Erhard Grossnigg.
EQT bids for Scout24
Nordic private equity house EQT has placed an offer to wholly acquire Deutsche Telekom's internet portal Scout24, according to local reports.
German election: Merkel wins third term
German election
DBAG invests €5m in DNS:Net
Deutsche Beteiligungs (DBAG) has invested an initial €5m in German telecommunications and IT services provider DNS:Net.
Pontis sells Lixto to McKinsey
Pontis Capital has sold software company Lixto to management consulting firm McKinsey in a trade sale after a holding period of seven years.
Noerr hires Skadden's Koppmann to expand PE team
Tobias Kappmann, Noerr
Beaufort Capital exits getemed
Beaufort Capital has sold its 32% stake in medical technology company getemed to the firm’s management.
BayBG buys minority stake in impacore
Bayerische Beteiligungsgesellschaft (BayBG) has bought a 11.3% stake in impacore, a performance-rating service provider.
VCs hope to take away strong returns from food delivery services
With a number of online food delivery platforms now available to the public, venture backers must ensure too many cooks do not spoil the broth. Amy King reports
eVenture backs Vicampo in series-A round
eVenture Capital Partners has backed online wine-ordering platform Vicampo in a series-A financing round.
Perusa buys Schuberth Holding
Perusa has bought a majority stake in helmet manufacturer Schuberth Holding from investment firm Susquehanna International Group (SIG).
bm-t hires new general manager
bm-t Beteiligungsmanagement Thüringen has appointed lawyer Udo Werner as its new general manager.
VR Equitypartner steps out of Melvo
VR Equitypartner has sold shoe care brands company Melvo to US trade buyer SC Johnson.
Lazard hires Anchorage's Christian Fritsch
Global investment bank Lazard has appointed Christian Fritsch as new managing director and head of restructuring at its German office.
The potential impact of upcoming German elections
German elections
EQT buys Avenso in MBO
EQT has invested in Avenso, an online retailer for photographic contemporary art, alongside Avenso's management.
HTGF et al. invest €500,000 in Microstim
High-Tech Gründerfonds (HTGF), HCS Beteiligungsgesellschaft, Fides Finanz-Invest and Genius Venture Capital have backed Microstim, a medical devices company, with €500,000.
Project A Ventures sells Tirendo for €50m
German incubator Project A Ventures has sold online tyres shop Tirendo to strategic buyer Delticom for €50m.
Strategic buyers close in on Grohe
German bathroom manufacturer Grohe, backed by TPG Capital and Credit Suisse's private equity arm, has received bids of less than €3bn from strategic buyers, according to reports.
HTGF invests in Recycling Angel
High-Tech Gründerfonds (HTGF) has backed technological gadgets recycler Recycling Angel.
Debt provider Kreos funds PE-backed Kreditech
Data technology provider Kreditech, backed by private equity firms such as Blumberg Capital, Point Nine Capital and H2 Investments, has secured a $7m credit line from Kreos Capital.