DACH
Balance of power
Investors are putting a significant amount of pressure on buyout houses, pushing for better terms and in some cases scaling back commitments
The year of two halves
At the beginning of last year, the feeling was uniformly that 2009 would be the year of portfolio management. This has, to a large extent, proven true. Most buyout firms were busy preserving value and steering their portfolio through the crisis - a crisis...
Global trends, what comes next?
Presentation by Carsten Valgreen, partner at Benderly Economics
GLOBAL - Partners Group restructures management
Partners Group has promoted head of finance Roland KУЄslin and Guernsey head Denis O'Malley from senior vice presidents to managing directors, as part of a wider organisational restructuring of the firm.
GERMANY - White & Case boosts restructuring & insolvency practice
White & Case has hired Christoph Schulte-Kaubrügger as equity partner for its restructuring and insolvency practice in its Berlin office.
GERMANY - Nord invests in KiKxxl
Nord Holding has invested an undisclosed sum in call centre services provider KiKxxl in an owner-buyout.
EUROPE - HarbourVest promotes Soquar to vice president
HarbourVest Partners has promoted Abraham Soquar to vice president in the firm's London office.
EUROPE - Doughty Hanson promotes private equity co-heads
European buyout house Doughty Hanson has promoted Mark Corbidge and John Leahy to co-heads of private equity.
EUROPE - Still scope for secondaries?
Could the vast amounts of secondary funds raised recently and the limited deal completion lead to a capital overhang in the coming years? Francois Rowell asks Sergio Jovele of Partners Group, which yesterday announced the closing of its latest secondaries-focused...
GERMANY - Salans hires restructuring partner
Salans has boosted its corporate finance and restructuring practice in Frankfurt with the hire of Dietmar Schulz as partner.
EUROPE - Earth holds first close of £750m fund
Earth Capital Partners has held an undisclosed first close of its EON Climate & Renewables fund, which has a target of EUR 750m.
EUROPE - Environmental infrastructure: high returns, low risk?
Combining the low risk profile of traditional infrastructure investing with the potentially high returns from clean tech investing can prove a winning formula, argues Jamie Richards, partner at Foresight Group, in a recent video interview with unquote"...
EUROPE - Hendrik Brandis appointed Chairman of VC at EVCA
Hendrik Brandis, managing partner of German investor group Earlybird, has been appointed chairman of the venture capital platform of the European Private Equity & Venture Capital Association (EVCA), succeeding Patrick Sheehan of Environmental Technologies...
GERMANY - HIG Capital acquires Witex
HIG Capital has agreed to acquire flooring materials company Witex from JP Morgan Chase for an undisclosed sum.
GERMANY - SET et al. EnOcean backers in EUR 8m round
Existing investors Atmos, BayTech Venture Capital, Emerald Technology Ventures, SET Venture Partners, Siemens Technology Accelerator, Siemens Venture Capital and Wellington Partners, and strategic investor Kathrein group, have invested EUR 8m in self-powered...
GERMANY - BWK sells EGO to owners
BWK GmbH Unternehmensbeteiligungsgesellschaft has sold its 20% stake in industrial components maker EGO Group to the owning families Blanc and Fischer.
EUROPE - Partners Group's Global Opportunites fund moves listing to Ireland
Partners Group's Global Opportunites investment fund has altered its status from a closed-end vehicle to an open-ended vehicle and has delisted from the London Stock Exchange in prepartion for shifting its shares to the Ireland Stock Exchange, due to...
AUSTRIA - TPG and Triton in bid for Casinos Austria
According to reports, Texas Pacific and Triton Partners have shown an interest in acquiring 49% of casinos manager Casinos Austria International, with prospective offers said to be in the region of EUR 200m.
SWITZERLAND - Essex leads CHF 46m Molecular Partners investment
Essex Woodland Health Ventures has led a CHF 46m Series-B funding round for biotech company Molecular Partners, alongside the businesses existing investors including Index Ventures, Johnson & Johnson Development Corporation, BB Biotech Ventures and Endeavour....
SWITZERLAND - Aravis & Wellington invest further CHF 16m in Evolva SA
Aravis and Wellington Partners have co-led a CHF 16m investment in Swiss biotechnology company Evolva in a second tranche of the company's Series-B financing, taking the total amount raised to EUR 44m.
GERMANY - BC Partners-backed Brenntag on track for IPO
Reports suggest that the IPO of BC Partners-backed chemicals business Brenntag is to go ahead in the new year, with the private equity owner having mandated Deutsche Bank, Goldman Sachs, JP Morgan and Merrill Lynch to manage the listing, which could raise...
EUROPE - F&C Private Equity holds EUR 30m first close of Aurora Fund
London-listed private equity investor F&C Private Equity has held a EUR 30m first close of its Aurora Fund, a new vehicle focused on acquiring secondary interests in predominately European private equity funds and co-investments.
AUSTRIA - Target Partners invests in Hetras
Target Partners has invested an undisclosed sum in hotel management software developer Hetras.
Revised Directive angers trade bodies
Another chapter has been added to the long-running saga of the EU Commission's AIFM Directive, with a new report calling for a removal of all fund size exemption thresholds sparking anger within the industry