DACH
US/EUROPE - US Fidelty Ventures team forms Volition Capital
The US operations of Fidelity Ventures has spun out into Volition Capital, an independent growth equity firm that invests in founder-owned technology companies.
GERMANY - WHEB Ventures leads EUR 4.7m Torqueedo funding
WHEB Ventures has led an investment of close to EUR 5m in electric outboard motors developer Torqeedo.
EUROPE - 2010: Leverage renaissance
"Good deals this year shouldn't fall through because of lack of financing as there is enough debt around to service the expected volume of transactions," says Lloyds' Ian Sale, who is optimistic about the prospects for leveraged buyouts in 2010.
2010: Leverage renaissance
"Good deals this year shouldn't fall through because of lack of financing as there is enough debt around to service the expected volume of transactions," says Lloyds' Ian Sale, who is optimistic about the prospects for leveraged buyouts in 2010.
82% of GPs convinced dealflow improving
The vast majority of GPs in Europe feel dealflow will improve in 2010, with slightly more than half also more upbeat on the quality of those deals
GERMANY - INDUC acquires decor metall
Munich-based investor INDUC GmbH has completed the acquisition of decor metall & Co. KG from administrators Wellensiek.
EUROPE - Helvetia Wealth AG appoints new board member
Asset manager Helvetia Wealth AG has appointed Professor Gerhard Arminger as a member of its board.
GERMANY - White & Case appoints 15 new partners
Law firm White & Case has appointed fifteen new partners in Germany, effective from last week.
GERMANY - AFINUM acquires Erpo International
AFINUM Management GmbH has acquired upholstery furniture producer Erpo International from its previous owner Thomas Jungjohann for an undisclosed amount.
Helvetia Wealth AG appoints new board member
Asset manager Helvetia Wealth AG has appointed Professor Gerhard Arminger as a member of its board.
GLOBAL - First Reserve Corp promotes Deulina to director
Energy-focused investor First Reserve Corporation has promoted Anastasia Deulina to director.
GLOBAL- MVision boosts real estate team with two new hires
Placement agent MVision has appointed Mitchell B Sikora as managing director and Scott P Arden as director to the firm.
GLOBAL - General Atlantic appoints former Visa president as adviser
Global private equity firm General Atlantic has appointed former Visa president Hans Morris as special adviser.
First Reserve Corp promotes Deulina to director
Energy-focused investor First Reserve Corporation has promoted Anastasia Deulina to director.
GERMANY - CMS Hasche Sigle appoints five new partners
Law firm CMS Hasche Sigle has promoted five associates to partners, increasing the total numbers of partners in the firm to 197.
AUSTRIA – MP Healthcare and Merck Serono lead EUR 8m round for f-star
MP Healthcare Venture Management and Merck Serono Ventures have co-led a EUR 8m extended Series A financing round for f-star Biotechnologische Forschungs- und Entwicklungsges mbH.
SWITZERLAND - HBM BioVentures sells Ziemer stake for CHF 7m
HBM BioVentures has sold its stake in Ziemer Group Ltd for CHF 7m in cash to other Ziemer shareholders.
GLOBAL - CD&R holds $5bn final close of eighth fund
US-based private equity firm Clayton, Dubilier & Rice (CD&R) has held a final close on its latest fund, Clayton Dubilier & Rice Fund VIII, on approximately $5bn, $1bn more than its predecessor vehicle which closed in 2006.
EUROPE - Parish Capital holds $73m first close of European fund-of-funds
Parish Capital has held a first close of $73m for Parish Europe II, a Europe-focused fund-of-funds vehicle with a EUR250 million target.
UK/GERMANY - GI Partners sells Acentic for £30m
GI Partners has sold its 65% stake in entertainment company Acentic GmbH to Philweb Corporation for a total consideration of £30m, including debt.
Parish Capital holds $73m first close of European fund-of-funds
Parish Capital has held a first close of $73m for Parish Europe II, a Europe-focused fund-of-funds vehicle with a EUR250 million target.
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
Global trends, what comes next?
Presentation by Carsten Valgreen, partner at Benderly Economics
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...