DACH
GERMANY - Private equity interest in Warburg’s easycash
Reports indicate that several private equity firms are among the interested parties who have submitted first round bids for Warburg Pincus' credit card transaction business Easycash GmbH.
GERMANY - The Foo launches EUR 25m sustainability fund
Munich-based venture firm The Foo has launched a EUR 25m sustainability fund, which will aim to make investments that fit social, ecological and economical sustainablility criteria.
GLOBAL - LGT Capital holds $268m first close of secondaries fund
LGT Capital Partners has held a first close of its global secondary fund, Crown Global Secondaries II (CGS II), on $268m.
GLOBAL- TA Associates closes 11th fund on $4bn
Private equity firm TA Associates has closed its latest fund, TA XI, on $4bn, comfortably surpassing its $3.5bn target.
GERMANY - MIG leads nfon investment
MIG Funds has led an investment into web-based telephone company nfon AG, alongside Earlybird and High-Tech Gründerfonds, in a high single digit million Euro third round of funding.
SWITZERLAND - SHS backs Spinelab
SHS Gesellschaft für Beteiligungsmanagement (SHS) has participated in a second round of financing for medical technology company Spinelab AG.
GERMANY – Bain Capital could be losing Bavaria Yacht
According to reports, Bain Capital might be losing its stake in troubled yacht builder Bavaria Yacht.
GERMANY - Dubai Intl Capital and Oaktree drop Almatis co-operation
Reports suggest that Dubai International Capital (DIC) and distressed debt investor Oaktree have decided not to follow through on the restructuring plans for alumina-maker Almatis, which DIC acquired in 2007.
GERMANY - Simmons & Simmons hires Jan Wildberger
International law firm Simmons & Simmons has hired former Haarman partner Jan Wildberger to its Frankfurt-based corporate practice.
GERMANY – BWK increases its R-Biopharm stake to 19.4%
BWK GmbH Unternehmensbeteiligungsgesellschaft has increased its stake in diagnostics company R-Biopharm AG to 19.4%, by acquiring a further 2% stake for EUR 1.3m from a leaving shareholder.
GERMANY - Apax sells remaining stake in listed Dialog Semiconductor
Apax Partners has fully exited its investment in listed semiconductor manufacturer Dialog Semiconductor plc, selling off its 14.2% stake.
GERMANY - Troubled Arques sells Actebis to Droege Capital
Beleaguered industrial holding Arques Industries has sold distribution company Actebis to Droege Capital GmbH, a subsidiary of Droege International Group. Depending on the future performance of the group, the purchase price will be at least EUR 40m.
GERMANY - HTGF leads investment in Protected-networks.com
High-Tech Gründerfonds has taken the lead in a financing round for IT company Protected-networks.com GmbH.
GERMANY – Apollo to take up 14 million of Infineon shares
US-based private equity firm Apollo Management has subscribed for approximately 14 million shares of listed chip maker Infineon Technology AG at a price of EUR 2.15 per share, in a rights issue that will see the company raise at least EUR700m.
GERMANY – Consortium invests seven-figure sum in United Maps
Return backers High-Tech Gruenderfonds, SeedFonds Bayern and SpaceTec Capital Partners have teamed up with ClusterFonds StartUp! to extend the initial seed investment for mapping company United Maps into a seven-figure Series-A round.
GERMANY – BC Partners and Apollo Management’s Unitymedia prepares IPO
According to reports, BC Partners and Apollo Management-owned Unitymedia GmbH, a cable operator, is preparing for an IPO at the end of the year or early 2010. The company hopes to raise as much as EUR 500m to 1bn.
GERMANY - FTI Consulting opens Munich office
US-based global advisory firm FTI Consulting Inc has opened an office in Munich, expanding its turnaround and restructuring practice into the DACH region.
LP perspectives
Following the downturn in the markets, the balance of power between GPs and LPs has shifted, giving LPs greater control. Deborah Sterescu speaks to three LPs to find out how their strategies and attitudes have changed
GERMANY – AUCTUS-backed Career Partner Group buys Adam-Ries University
AUCTUS-backed Career Partner Group has acquired a majority stake in the Adam-Ries University of Applied Sciences in Erfurt.
EUROPE - Osmosis appoints Agentius as fund adminstrator; bolsters team
London-based asset manager Osmosis Capital LLP, has appointed Augentius Fund Administration as the administrator for its forthcoming fund-of-funds.
GERMANY – KKR and Goldman Sachs to bolster KION with EUR 100m
Kohlberg Kravis Roberts & Co and Goldman Sachs Capital Partners have agreed to inject EUR 100m of fresh capital into forklift truck manufacturer KION.
GERMANY - Rutland acquires CeDo from Delton
Rutland Partners has acquired the CeDo group of companies, a manufacturer of household disposables, from Delton AG, for an undisclosed sum.
GERMANY – HTGF and Sympasis invest in Deal United
High-Tech Gründerfonds and Sympasis Innovation Capital has invested in e-commerce start-up Deal United GmbH.