DACH
Germany: large-cap deals on the rise
CVC’s €3.1bn buy-back of German metering business Ista this month has sparked speculation about a revival of Germany’s large-cap market.
Zukunftsfonds Heilbronn, HTGF et al. back Compositence
Zukunftsfonds Heilbronn has become the lead investor in German carbon-fibre components company Compositence following a capital increase round that also included fresh investment from High-Tech Gründerfonds (HTGF) and Mittelständische Beteiligungsgesellschaft...
German activity sluggish despite mega-deals
German activity
VC-backed GetYourGuide acquires Gidsy
GetYourGuide, a portfolio company of Profounders Capital, Spark Capital and Highland Capital Partners Europe, has acquired Berlin-based Gidsy, a peer-to-peer platform backed by Sunstone Capital, Index Ventures and private investors.
DBAG invests in Inexio
Deutsche Beteiligungs AG (DBAG) has invested €10.6m of growth capital in German broadband connections provider Inexio Informationstechnologie und Telekommunikation KGaA.
Yellow&Blue et al. back Romo Wind
Yellow&Blue Investment Management, ABB Technology Ventures and b-to-v Partners have invested €4.8m in Swiss wind farm optimisation company Romo Wind, alongside the business's founders.
AIFMD passed into German federal law
Germany has passed legislation for the implementation of the Europe-wide AIFM Directive into federal law, following a year of intense campaigning by representatives of the private equity industry.
CVC's Evonik begins listing process in Frankfurt and Luxembourg
CVC-backed Evonik Industries has begun its much anticipated listing process by issuing its 466 million shares simultaneously in Frankfurt and Luxembourg.
BayBG joins HTGF and Bayern Kapital in €1m GME series-A
BayBG has joined existing investors High-Tech Gründerfonds (HTGF) and Bayern Kapital in a €1m series-A round for German laser and light systems provider German Medical Engineering (GME), alongside private investors.
Afinum holds final close for fourth buyout fund
Afinum has held a first and final close for its fourth mid-cap buyout fund, Afinum Siebte Beteiligungsgesellschaft mbH & Co KG, on its €280m hard-cap.
Seventure Partners invests €2.5m in Personal MedSystems
Seventure Partners has invested in German mobile medical equipment company Personal MedSystems, alongside High-Tech Gründerfonds, as part of a €2.5m series-A financing.
Blumberg et al. in new funding for Kreditech
Blumberg Capital, Point Nine Capital and H2 Investments have been joined by the new Samwer brothers' start-up fund Global Founders Capital in a new funding round for German business Kreditech.
CVC buys Ista back from Charterhouse
CVC Capital Partners has bought back German metering business Ista, in which it has held a stake since 2003, from Charterhouse Capital Partners for €3.1bn.
Earlybird leads €10m series-A for Motain
Earlybird Venture Capital has led a €10m series-A funding round for Berlin-based app developer Motain, the company behind The Football App.
Deutsche PE invests growth capital in SLM Solutions
Deutsche Private Equity has completed a growth capital investment in SLM Solutions GmbH.
EdRip and Forbion lead funding for Allecra Therapeutics
Edmond de Rothschild Investment Partners (EdRip) and Forbion Capital Partners have invested in a €15m series-A round for Swiss biotech company Allecra Therapeutics.
GCP appoints Bauer as mezzanine partner
Austrian mezzanine investor Gamma Capital Partners (GCP) has appointed Clemens Bauer as partner in its office in Vienna.
HTGF et al. invest €2.6m in Rodos BioTarget
High-Tech Gründerfonds (HTGF), InvestImpuls-Fonds and KfW’s ERP Start Fund have invested €2.6m of growth capital in German biotech company Rodos BioTarget, alongside private investors and family offices.
LP interview: The secondaries saga
Founded in 1991, London-based Paul Capital has decades of experience in secondaries and fund-of-funds investments. unquote" talks to secondaries specialist and partner Elaine Small about the drivers behind the market's unprecedented growth.
Sofinnova backs Auris Medical with CHF 47.1m
French VC Sofinnova Partners has joined US-based Sofinnova Ventures in a CHF 47.1m funding round for Auris Medical.
Charterhouse could pull Ista and Elior sales
Charterhouse could put the sale processes of German energy-metering firm Ista and French catering company Elior on hold in the face of lacklustre bids, according to reports.
Riverside promotes two in Europe
Riverside has promoted two members of staff in its European offices, as part of a nine-strong promotion flurry across the global firm.
Banks arrange debt for sale of 3i and Allianz's Scandlines
A debt package of up to €1bn is being put together for the sale of German ferry operator Scandlines, owned by 3i and Allianz Capital Partners, according to reports.
Novaliq raises €13.9m from Dievini Hopp
German drug delivery firm Novaliq GmbH has completed a fifth round of funding, raising €13.9m from existing backer Dievini Hopp.