DACH
Secondary players dominate Italy’s foreign LP base
Italian GPs ought to be doing more to attract foreign investors at the fundraising stage, as many of the country's overseas-based LPs are secondary players. Susannah Birkwood finds out whether this and other local trends are about to change.
Riverside adds two new execs
Global private equity firm The Riverside Company has appointed two new executives, Juan Rufilanchas and Jaime Escribano, to its Madrid office.
2011: The year of the mega buyout
While the increase in volume of European buyouts has been modest in 2011, the surge in value has been impressive. Viktor Lundvall investigates
Allen & Overy appoints new counsel
Law office Allen & Overy has announced the appointment of Dr Michael Brellochs as counsel for its Munich office.
BC Partners holds second close at €5.5bn
BC Partners has held a second close of its BC European Capital IX fund at €5.5bn.
Blackstone acquires Jack Wolfskin for €700m
Private equity house Blackstone has acquired outdoor equipment and clothing company Jack Wolfskin in a secondary buyout worth €700m.
German IPOs fail to meet expectations
A relatively large number of IPOs have taken place lately on the Frankfurt stock exchange with more expected later in the year. But doubts still remain over the wisdom of IPOs in the post-crisis era. Diana Petrowicz investigates.
HIG Europe carves out Haltermann Products
HIG Europe has acquired Haltermann Products and its two production sites from The Dow Chemical Company for an undisclosed amount.
Proventis appoints Andreas Harting as partner
Proventis Partners has announced the appointment of Andreas Harting as a partner.
Bernie Ecclestone accused of bribery in F1 buyout
Formula One CEO Bernie Ecclestone has been accused by German prosecutors of bribing former BayernLB chief risk officer Gerhard Gribkowsky at the time of the company's 2006 buyout.
HIG Europe buys Hanlo Group
HIG European Capital Partners has acquired a majority stake in prefabricated house construction company Hanlo Group.
Operating partners: For pros or for show?
Fans of operating partners deem them performance enhancers; detractors say they’re merely propaganda to entice LPs. Susannah Birkwood reports
S-Refit et al. close finance round for Lophius
Venture capital firms S-Refit, High-Tech Gründerfonds and Bayernkapital have closed a €1.4m financing round for diagnostic test systems developer Lophius Biosciences.
Lead Equities acquires Weidinger & Partner
Lead Equities has acquired a 60% stake in Weidinger & Partner Wirtschaftstraining und Organisationsentwicklung for an undisclosed amount.
Ventizz reaps 5x money on QSIL sale
Ventizz Capital Partners has sold its 60% stake in QSIL AG Quarzschmelze Ilmenau to a consortium led by QSIL's CEO Stephan Behr, which now holds 100% of the company.
Piper cashes in on retail sector expertise
The retail sector is filling headlines for all the wrong reasons at the moment. Despite the difficult period for the sector, Piper Private Equity has just held final close of its new fund, reinforcing the merits of sector specialism. Viktor Lundvall investigates
LBBW invests in crealytics
LBBW Venture Capital has backed search marketing specialist crealytics with an undisclosed amount.
FATCA - An uneven playing field
Despite being an American law which doesn’t come into force until 2013, the Foreign Account Tax Compliance Act must be dealt with immediately by all international GPs which have US portfolio companies. Susannah Birkwood reports
Deutsche unquote" July/August 2011
Just a few months after closing what many call Europe’s most impressive fund of the year, Montagu is waving goodbye to two directors, unquote” has learned from sources close to the fund.
Bertelsmann et al. join series-B round for deal united
Bertelsmann Digital Media Investments, KfW Bankengruppe, High-Tech Gründerfonds (HTGF) and Venture Incubator have invested in a series-B round of finance for payment specialist deal united.
HarbourVest ups offer for Absolute
HarbourVest Partners has increased its offer for Absolute Private Equity to $18.50 per share, valuing the listed fund-of-funds at $806m.
Former Barclays-owned Novem in talks about sale
Former Barclays Private Equity-owned automotive supplier Novem Group is reported to be placed on the market again.
Buyouts surge in Q2
The private equity market is back in black, with deal values at their highest level since the heady days of 2007, according to the latest unquote” Private Equity Barometer, done in association with Arle Capital Partners.
unquote" Private Equity Barometer – Q2 2011
Preliminary figures released today in the Q2 2011 unquote" Private Equity Barometer reveal renewed activity during Q2.