DACH
GERMANY - Private equity circles ratiopharm group
Private equity firms have shown interest in acquiring drugs company ratiopharm group, which is being put up for sale by VEM Vermögensverwaltung GmbH.
EUROPE - Growth Capital to take the lead in 2010
In a market starved for debt, growth capital investments are in line to become the favoured deal type of 2010, as highlighted in Nordic editor Rikke Eckhoff's interview with Louis Elson, co-founder and managing partner of Palamon Capital Partners. See...
DACH - German Private Equity Partners in liquidation
German Private Equity Partners, which was founded in August 2007, is being liquidated.
AUSTRIA - DZ Equity’s Illichmann enters administration
DZ Equity Partner's portfolio company Illichmann Aluminiumguss GmbH has filed for insolvency. Austrian press reports suggest that Illichmann's lenders have refused to provide additional loans to the company, while also cancelling its existing credit facilities.
EUROPE – Specialist or generalist ?
"We will see a shift from local generalist funds to global sector specialists," said Simon Havers, BVCA chairman and managing director of Baird Capital Partners Europe. He was speaking at this morning's Capital Creation panel, which debated the future...
GERMANY – NRW Bank and Cine Plus join DFT backers
NRW Bank and strategic investor Cine Plus have subscribed to a capital increase for broadcaster DFW Deutsche Fernsehwerke GmbH.
GERMANY – Consortium backs growth of Turtle Entertainment
A consortium of investors including Crédit Agricole Private Equity, Corporate Finance Partners CFP and Founders Investments GmbH & Co KGaA have invested an undisclosed amount into e-sports company Turtle Entertainment GmbH. Existing shareholder EKK Unternehmensbeteiligungen...
EUROPE – Remuneration a hot topic
A central theme this morning at the Capital Creation event was remuneration: As bankers worldwide prepare for their compensation packages to shrink, many in the private equity industry are championing maintaining the high levels of salary and bonus paid...
US/EUROPE - Oak Hill closes distressed debt fund on $1.13bn
Oak Hill Advisors has surpassed the firm's $750m target for its OHA Strategic Credit Fund, holding a final close on $1.125bn.
GLOBAL - Campbell Lutyens appoints new partner
Placement agent Campbell Lutyens has appointed Richard Allsopp as partner.
GLOBAL - CVC Capital appoints two senior advisers
CVC Capital Partners has appointed Robert Jenkins and Jim Sutcliffe as senior advisers on the firm's global financial institutions advisory board.
GERMANY – Riverside acquires Kaul GmbH
The Riverside Company has acquired additives company Kaul GmbH, with equity from its European Fund REF IV, and acquisition debt provided by Unicredit Markets, Investment Banking and Berenberg Bank.
GLOBAL - GI Partners completes sale of assets in first fund
Private equity and real estate investor GI Partners has sold the last remaining asset in its first fund, a Frankfurt data center, to Equinix Holding BV for $28m.
SWITZERLAND - HBM et al. sells ESBATech to Alcon
A consortium comprising HBM BioVentures, SV Life Sciences, Clarus Ventures, BioMedinvest, Novartis Bioventures and VI Partners has agreed to sell ESBATech AG to listed eye care company Alcon, for an initial cash purchase price of $150m.
EUROPE - DFJ Esprit holds first close of third venture fund on EUR 70m
DFJ Esprit has held the first close of it latest venure fund, DFJ Esprit III, on EUR 70m.
GERMANY - caption acquires stake in RTS-Group
capiton has acquired a stake in electronics after-sale services provider RTS-Group.
GLOBAL - KKR to delay launch of next buyout fund
Reports suggest that KKR is delaying the launch of its next buyout fund until next year, after having already invested 70% of its previous $17.6bn vehicle that closed in 2007.
EUROPE - 3i sells venture portfolio to Coller-, HarbourVest-backed Encore
Secondaries specialists Coller Capital and HarbourVest Partners have teamed up with venture house DFJ Esprit to acquire a £130m portfolio of venture assets from 3i. The portfolio will be managed by a new division of DFJ, Encore Ventures.
GERMANY - HBM reaps 22x return on Brahms sale
HBM Partners has sold biotechnology company Brahms to listed trade buyer Thermo Fisher Scientific, in an all-cash deal that values the business at EUR 330m and generates a return of close to 22x money.
SWITZERLAND - Novartis-backed Evolva acquires Arpida; prepares listing
Swiss biotechnology company Evolva, which is backed by a venture capital consortium including Novartis Venture, Aravis, Sunstone Capital and Dansk Innovationsinvestering, has acquired listed rival Arpida. The combined entity is to seek a listing on the...
GLOBAL - IPEV publishes updated valuations guidelines
The International Private Equity and Venture Capital Valuation (IPEV) Board published its updated version of the Private Equity Valuations Guidelines today. Significantly, the updated version highlights the importance of consistency with international...
GLOBAL - KPS tops up third fund by USD 800m
Turnaround specialist KPS Capital Partners has increased the size of its Fund III from its original USD 1.2bn to USD 2bn.
GERMANY - DuMont and Tiburon lead stream5 funding
DuMont Venture and seed investor Tiburon Partners have led an undisclosed seven figure funding round for online video technology company stream5, alongside KfW and business angel Klaus Wecken.
GERMANY - IBB joins Affinitas GmbH backers
IBB Beteiligungsgesellschaft invested in Affinitas, operator of the online dating portal edarling, in a second closing of the business' first funding round. The first closing included investments from Holtzbrinck Ventures and Rocket Internet GmbH.