DACH
Triton Partners closes fund on €3.3bn
Triton Partners is thought to have closed its latest fund, Triton Fund IV, on €3.3bn, setting a record for a German-based GP.
Cross Equity Partners divests Schwab
Swiss GP Cross Equity Partners has sold its majority stake in shock absorption systems firm Schwab Verkehrstechnik AG to Parisian rail systems company Faveley.
Merck increases MS Ventures commitment
Merck Group has topped up its strategic venture capital fund MS Ventures with an additional €60m commitment and created an investment affiliate to specifically manage the vehicle.
DN Capital leads series-A round for Scarosso
DN Capital, IBB, Perikles Ventures and local angel investors have provided German footwear business Scarosso with a series-A round of funding.
HgCapital holds back on Schleich sale
HgCapital has postponed the sale of Schleich, a German maker of figurines and Smurf toys.
Natixis buys Euro Private Equity
Natixis has added another firm to its private equity arm by acquiring Swiss funds-of-funds manager and investment adviser Euro Private Equity.
Earlybird Venture et al. invest $2.8m in Versus IO
Earlybird Venture Capital, 500 Startups, High-Tech Gründerfonds (HTGF) and two angel investors have backed product comparison platform Versus IO in a $2.8m series-A funding round.
BlackFin backs finanzen.de
BlackFin Capital Partners has invested in finanzen.de AG, taking a majority stake in the business.
SEP backs €16m Mister Spex round
Scottish Equity Partners (SEP) has joined a €16m round of funding for German online optician Mister Spex.
Dubai International’s Mauser extends 96% of debt
German industrial packaging manufacturer Mauser, which is owned by Dubai International Capital, has extended the maturities of 96% of its €695m senior debt, revolver and acquisition facilities.
PAI partners sells FTE Automotive to Bain, reaps 3.3x overall return for fund III
PAI partners has agreed to sell its 90% stake in German hydraulic clutch and brakes provider FTE Automotive to Bain Capital in a secondary buyout.
Q&A: Alberto Forchielli, Mandarin Capital Partners
Founding partner Alberto Forchielli speaks to Amy King about expectations for the firm's current fundraise, why Germany is the only option left for Chinese industrial investment and Chinese GPs’ lack of international presence.
Equita acquires MEN Mikro Elektronik
German private equity house Equita has acquired MEN Mikro Elektronik, an embedded electronics manufacturer, in a deal that values the company at €25-50m.
A vintage year for the secondaries market
Secondaries
Mandarin Capital Partners to invest in DACH region
Sino-European investor Mandarin Capital Partners (MCP) has opened a Frankfurt office as part of its widened focus.
Investment AB Kinnevik et al. invest $20m in Foodpanda
Investment AB Kinnevik and Phenomen Ventures have led a funding round in excess of $20m for Foodpanda, a global food delivery service.
ECM acquires MediFox Group
ECM Equity Capital Management has acquired MediFox Group, a German software provider for the care industry, alongside management as part of a succession solution.
Steadfast Capital hires three
Steadfast Capital has expanded its investment team by recruiting Friedrich Ysenburg, Tim Ottenbreit and Sandra Stohler.
PE-backed Kion Group to list
German forklift manufacturer Kion Group, backed by KKR and Goldman Sachs Capital Partners, is considering an initial public offering, according to reports.
Permira sells more Hugo Boss shares
Permira is to sell seven million shares, or a 10% stake, in German high-end fashion house Hugo Boss, according to reports.
DACH unquote” May 2013
CVC’s €3bn buy-back of Ista in April caused much excitement for German private equity in 2013, though a deeper look at the figures reveals that the asset class had got off to a bad start this year.
Invision buys Kraft & Bauer
Swiss firm Invision Private Equity has bought German fire protection business Kraft & Bauer Brandschutzsysteme (K&B) as part of a succession solution.
Charterhouse buys Armacell for €500m
Charterhouse has agreed to acquire German insulation company Armacell from Investcorp in a €500m secondary buyout.
Springer Science sale back on
Germany could be home to another mega-buyout this year following news that EQT is in renewed talks with private equity investors over a potential sale of German publishing business Springer Science.