DACH
AUSTRIA - Deutsche Beteiligungs sells MCE
German private equity house Deutsche Beteiligungs AG has sold its entire stake in industrial service group MCE to trade buyer Bilfinger Berger AG in a deal valuing the company at EUR 350m.
GERMANY - Directorbank opens in Germany
Private equity recruitment specialist Directorbank has opened an office in Frankfurt, and appointed Dorothea Kronenberghs as European account director.
GERMANY - Gilde Healthcare Partners co-leads EUR 7m mtm funding
Gilde Healthcare Partners has co-led a EUR 7m investment for diagnostics company mtm Laboratories, in an extension to the business' series-C funding round.
GERMANY - Hauck & Aufhäuser appoints head of debt advisory
Hauck & Aufhäuser has appointed Robert Graf von Finckenstein as head of debt advisory restructuring.
GERMANY - IBB et al. invests in intransID GmbH
IBB Beteiligungsgesellschaft, Sonne+Wind Beteiligungen and KfW have jointly invested in sensor systems company intransID GmbH.
GERMANY - BrainsToVentures invests in Linguee
Investors from BrainsToVentures have, together with its in-house fund, provided a second round of financing for online translation search engine provider Linguee GmbH.
GERMANY - IBB invests in Limmer Laser
IBB Beteiligungsgesellschaft has invested in medical technology company Limmer Laser.
GLOBAL- Stanford University puts $1bn of assets on the block
Palo Alto-based Stanford University, one of the largest endowments, has put as much as $1bn of its illiquid investments up for sale in an effort to raise cash for the cash-strapped institution.
EUROPE - Former Northern Rock CEO appointed adviser for Apollo
Adam Applegarth, the former CEO of failed UK bank Northern Rock, has joined distressed debt investor Apollo Management as a senior advisor to the firm's European fund.
GLOBAL - KKR finally completes KPE merger
After over a year of delays and revisions, US-based private equity giant KKR has now completed its merger with its Amsterdam-listed affiliate, KKR Private Equity Investors.
GLOBAL - Hellman closes $9bn seventh fund and management shake-up
International private equity house Hellman & Friedman has announced the final close of its seventh and largest fund, HFCP VII, on a little under $9bn, as well as a major shake-up of the firm's management team.
EUROPE - GPs must re-invent, LPs must invest
Europe's GPs must change their ways to emerge successful from the current market conditions, and need LPs to back them in order to do so. This was the theme this morning at the fourth annual Deutsche unquote" Private Equity Congress in Munich.
GERMANY - GMT's Docu acquires Reed's Nordic assets
GMT Communications Partners has completed the 12th bolt-on acquisition for portfolio business Docu Group, a business information provider for the construction industry, acquiring the Nordic assets of sector rival Reed Business Information.
GPs must re-invent, LPs must invest
Europe's GPs must change their ways to emerge successful from the current market conditions, and need LPs to back them in order to do so. This was the theme at the fourth annual Deutsche unquote" Private Equity Congress in Munich. Mareen Goebel and Kimberly...
Investing in recovery
Germany has officially emerged from the recession and economists continue to correct their predictions upwards. The green shoots theory gains traction, with the staunchest optimists seeing Germany as well-positioned to recover - and even outpace the rest...
GLOBAL - KKR appoints Levin as head of IR; merger with KPE expected Thursday
KKR has appointed Jonathan Levin to the newly created position of head of investor relations, a move designed to prepare the private equity firm as it becomes a publicly listed company.
GERMANY – Neuhaus Partners and T-Venture invest in WWG
German venture investor Neuhaus Partners and T-Venture, the venture capital company of Deutsche Telekom, have joined existing investors Holtzbrinck Ventures and High-Tech Grunderfonds, in a series A round of funding for online games portal Worldwidegames...
GERMANY - eCapital's Hölzle steps down
Venture firm eCapital has appointed Dr Michael Lübbehusen as chairman, succeeding Frank Hölzle, who has stepped down from the firm to pursue new entrepreneurial opportunities.
EUROPE - Baird expands institutional equity services team
Baird has hired Said DeSaque as director of institutional sales and investment strategy to be based in London.
GLOBAL - HSBC names Alternative Investments managing director
HSBC has promoted the present head of real estate at HSBC Alternative Investments, Chris Allen, to managing director of the unit.
UK/EUROPE - Wellington leads $16m Livebookings funding
Pan-European venture capital firm Wellington Partners has led a $16m funding round for online restaurant marketing and reservations service Livebookings, along existing investors.
GERMANY - Warburg Pincus sells EUR 290m Easycash
Warburg Pincus has sold payment services provider Easycash to strategic investor Ingenico, in a deal that values the business at EUR 290m.