DACH
Up-tick ... tick ... tick
The tides seem to be turning. European private equity activity is on the up and the DACH region has seen the largest recovery, giving some credibility to economists' claims that Germany is positioned well for a running start from the bottom (see cover)....
Care for a top-up?
Fundraising remains as challenging an activity now as it was 12 months ago. Many signs of life have been in the form of top-up funds - a signal that many LPs are not only honouring their commitments but also supporting their GPs. By Francinia Protti-Alvarez
Green thumbs up
The cleantech space lost favour with all but the most specialised investors almost as quickly as it gained it. This is good news for those eager to secure deals: less competition and uncertain government support create a need for funding and a dearth...
GERMANY- Capiton closes fourth fund on EUR 350m
Capiton has held an oversubscribed final close of its fourth fund, capiton IV, on its EUR 350m target.
GLOBAL - Blackstone's shares increase by over 7%
Shares of Blackstone rose by above 7% yesterday, largely a result of the expected positive earnings report to be released on 6 November.
EUROPE - Peter Combe leaves Permira Debt Managers
The head of Permira Debt Managers, Peter Combe, has left the UK private equity firm's debt fund as its second in command is promoted to prepare for the changing credit market opportunities.
GERMANY - BioMedPartners leads EUR 11m investment into Activaero
BioMedPartners has led a series A round worth close to EUR 11m for medical equipment business Activaero, alongside VI Partners, Abalis Finance and Vesalius Biocapital.
GERMANY - Bridgepoint leads field for Strato
According to reports, UK buyout house Bridgepoint is currently leading a field of three bidders seeking to acquire web hosting company Strato, which is being sold by telecommunications company freenet and is thought to have a price tag of EUR 300-400m.
AUSTRIA - Nomura et al. invest EUR 15m into Nabriva
Existing investors Nomura Phase 4 Ventures, HBM Partners, Wellcome Trust, GLS Ventures and Novartis Venture Fund have invested EUR 15m into biotechnology company Nabriva Therapeutics.
EUROPE - YELLing about debt
The painful restructuring of YELL highlights the ills of yesterday's excesses - and shows there is a lot of pain ahead, writes Kimberly Romaine .
GERMANY - HTGF and BBAF invest EUR 550,000 into Autoaid
High-Tech Gründerfonds and BBAF Business Angels Fondsgesellschaft mbH have invested EUR 550,000 into car diagnostics software startup Autoaid GmbH.
Global - Sofinnova Partners sign three biotech deals
French venture investor Sofinnova Partners has participated in funding rounds for three early-stage biotech companies, committing a total of GBP 30m. In the UK, Crescendo raised GBP 4.5m, while US-based Flexion Therapeutics and DNP Green Technology received...
GERMANY – BC Partners and Apollo plan EUR 300m IPO for Unitymedia
According to press reports, BC Partners and Apollo Management are looking to float cable company Unitymedia GmbH. Reports suggest the investors are targeting a market capitalisation of at least EUR 300m.
EUROPE – Ogier appoints five
Ogier Group, a provider of offshore legal and fiduciary services, has appointed five new members to its partnership. Jane Pearce, Paul Perris, Nicholas Plowman, Sally Edwards and Edward Mackereth will all join on 1 February 2010.
GERMANY - CBR acquires Alvo Metalltechnik out of insolvency
CBR Management, through its EquiVest II fund, has acquired metal parts producer Alvo Metalltechnik from insolvency for an undisclosed sum.
SWITZERLAND - Investors fund Evolva with CHF 28m
Current investor Aravis, alongside new backers Auriga Partners, Vinci Capital and Wellington Partners, have invested CHF 28m in biotechnology business Evolva in a first closing of the company's Series B financing round.
GERMANY - HTGF and T-Venture back Yoochoose
High-Tech Gründerfonds (HTGF) and T-Venture have invested an undisclosed sum in recommendation software company Yoochoose.
EUROPE - PE up 107% in Q3
In the midst of renewed optimism over recovery prospects in the wider economy, private equity investment activity has continued to reverse the slump that had set in at the end of last year, recording a whopping 107% increase to EUR 9.6bn (257 deals) in...