DACH
GERMANY - Consortium invests EUR 2.4m into eZelleron
eCAPITAL and Technologiegründerfonds Sachsen (TGFS) have led an investment into fuel cell systems company eZelleron totalling EUR 2.4m.
GERMANY – Equita acquires Flad & Flad Communication
unquote" can exclusively reveal that Equita GmbH & Co Holding KGaA has agreed to acquire advertising agency Flad & Flad Communication GmbH.
GERMANY – EQT still in Ratiopharm race
According to reports, Swedish buyout house EQT is the last private equity bidder in the race for generic drugs maker Ratiopharm.
GERMANY - IKB hires new head of syndication team
IKB Deutsche Industriebank has hired Torsten Aul to run the bank's loan and bond syndication desk.
EUROPE - Yield of dreams: unquote” explores high yield
The European high-yield market has opened once again, but, given its failings in the past, can the market shake off its reputation as a short-lived phenomenon and become a viable financing option for buyouts? To read Emanuel Eftimiu's feature see below,...
GERMANY - Oakley Capital Private Equity acquires Verivox
Oakley Capital Private Equity has acquired 51% of price comparison company Verivox for an undisclosed sum.
GERMANY - LSP leads EUR 18.5m Series-A for Curetis
Life Sciences Partners has led a Series-A financing round of medical diagnostics company Curetis AG, raising a total of EUR 18.5m.
GLOBAL - Hudson reaches USD 1bn target for maiden fund
Hudson Clean Energy Partners reached its USD 1bn target for its maiden fund Hudson Clean Energy Partners LP, having secured USD 1.024bn in commitments.
SWEDEN/GERMANY - Ratos-backed EuroMaint pays EUR 18m for RSM
Ratos' portfolio company EuroMaint, a provider of maintenance services to the rail transport and engineering industries, has acquired the German train maintenance company Rail Service Management Group (RSM) for EUR 18m from Hermann Wiese. Ratos will be...
GLOBAL – CIC provides Apax with liquidity boost
Sovereign wealth fund China Investment Corporation (CIC), may invest up to EUR 800m in Apax' EUR 11.2bn fund. The move is not intended to boost the vehicle's size, which last year became Europe's largest private equity fund. Instead it is believed to...
GERMANY - Crédit Agricole et al. invest in Upside Shopping
Crédit Agricole (CA) Private Equity has participated in an undisclosed financing round for internet business Upside Shopping, alongside seed investors Rocket Internet GmbH and existing backers.
EUROPE - Candover to “substantially” reduce fund
Following nearly 12 months of difficulties that stemmed from its parent's liquidity issues at the beginning of the year, Candover has today announced it will "substantially reduce" the size of its 2008 Fund, which had targeted EUR 5bn and reached a first...
GERMANY - Nord Holding sells Perrin to Kitz
Nold Holding has exited its investment in special armature company Perrin in a trade sale to listed Japanese company Kitz Corporation.
GERMANY/US - BPE’s Eschenbach acquires Tura
Barclays Private Equity-backed eyewear manufacturer Eschenbach Group has acquired American eyewear company Tura.
EUROPE - EVCA report shows sharp rise in turnaround deals
While investment activity in 2009 has slowed significantly, new research published by the EVCA today shows that the downturn has provided a sharp rise in turnaround opportunities, which were up 40% in the first nine months of this year against the same...
GLOBAL - LPs sound warning over private equity performance
A new report has provided a damning assessment of LP confidence in private equity as an asset class, revealing dissatisfaction over performance and new demands in relation to due diligence and reporting. By Ashley Wassall
EUROPE - Mourant acquired by State Street to create PE servicing giant
European fund administrator Mourant International Finance Administration has been acquired by financial services giant State Street Corporation for an undisclosed sum.
GERMANY - Informa pulls out of Springer race
Reports indicate that trade buyer Informa has pulled out of the race for Candover- and Cinven-backed educational publisher Springer Science & Business Media, citing a too short time span to complete the deal.
GERMANY - Salans hires Mike Danielewsky
Salans has hired Mike Danielewsky for its Frankfurt office.
GLOBAL - Carlyle to change terms on its fifth fund
It is understood that Carlyle Group is the latest private equity firm to appease its investors by agreeing to several changes to terms on its fifth fund, Carlyle Partners V, including a split on transaction fees, limits on the amount of debt investments...
GERMANY - Pamplona’s Saf-Holland completes restructuring
Pamplona Capital's portfolio company Saf-Holland, a manufacturer of commercial vehicle parts, has reached agreement with creditors on a financial restructuring and extension of its existing EUR 316m credit line until September 2014.
SWITZERLAND - Ventech backs Covagen
Venture firm Ventech has invested an undisclosed sum in biotechnology company Covagen.
GERMANY - Oaktree to challenge DIC for Almatis
Reports suggest that distressed debt specialist Oaktree Capital is planning a takeover of Dubai International Capital-backed German alumina maker Almatis, in which it is a major creditor following the acquisition of debt on the secondary market.
GERMANY - HTFG and MAZ invest in MobileBits
High-Tech Gründerfonds and Maz level one have invested an undisclosed sum in software company MobileBits.