DACH
Menold Bezler appoints Andreas Wölfle
Andreas Wölfle, Menold Bezler
K&L Gates hires Cleary Gottlieb's Klaus Banke
Klaus Banke has joined K&L Gates as a new partner, leaving fellow advisory firm Cleary Gottlieb after more than 15 years.
VR Equitypartner and BayBG buy Hör Technologie in MBO
VR Equitypartner and Bayerische Beteiligungsgesellschaft (BayBG) have bought auto parts manufacturer Hör Technologie Gruppe in a management buyout.
Avista and Nordic Capital make tender offer for Acino
Avista Capital Partners and Nordic Capital have made a public tender offer for pharmaceutical company Acino.
CVC inks Campbell Europe deal
CVC Capital Partners has purchased Campbell Soup Company’s European simple meals business for €400m.
Constellation sells Häsler in management buy-back
Constellation has sold heating systems manufacturer Häsler Group in a management buy-back, reaping a 2.6x money multiple.
DailyDeal founders buy pepperbill from bm-t
Fabian and Ferry Heilemann, founders of DailyDeal, have acquired a 60% stake in iOS payment system provider pepperbill from bm-t Beteiligungsmanagement Thüringen and pepperbill's management.
KfW and Born2grow back Rockethome
KfW and seed investor Born2grow have jointly backed home energy management technology provider Rockethome.
Phenomen Ventures et al. invest $7.5m in HelloFresh
Phenomen Ventures, Holtzbrinck Ventures and Vorwerk Ventures have backed e-commerce company HelloFresh in a $7.5m series-C financing round.
HTGF et al. invest €1m in Minubo
High-Tech Gründerfonds (HTGF), US venture firm Tola Capital and pan-European accelerator Seedcamp have invested €1m in Minubo, a business intelligence services provider.
Auctus sells entitec in trade sale
Auctus Management has sold IT services provider entitec to data processing service provider IT.UV Software, reaping a 4x money multiple.
Luther hires Gittermann and Wegerich
German law firm Luther Rechtsanwaltsgesellschaft has appointed new partners Stephan Gittermann and Ingo Wegerich, as well as the teams working with them in their previous positions.
Holtzbrinck et al. invest in FlixBus
Holtzbrinck Ventures, UnternehmerTUM and Daimler Mobility Services have backed German coach operator FlixBus.
Fundraising: Germany's drawing power
The number of funds raised by German players – and the amount of capital they have been able to draw in – has increased steadily in the post-crash years.
Germany Report 2013
Germany Report
TPG-backed Grohe goes to Lixil in trade sale
TPG Capital and Credit Suisse's private equity arm have sold bathroom fittings manufacturer Grohe to Japanese household equipment maker Lixil and the Development Bank of Japan (DBJ) in a €3bn trade sale.
KBC sells German division to Apollo et al.
Belgium’s KBC Bank has sold its German stand-alone subsidiary, KBC Bank Deutschland (KBCD), to a consortium of investors including Apollo Global Management and Grovepoint Capital.
IBB backs Myelo Therapeutics in series-A
IBB Beteiligungsgesellschaft has backed a series-A financing round for pharmaceutical company Myelo Therapeutics.
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