DACH
EUROPE - Q2 figures buck downward trend
Amid widespread talk in the press of "green shoots" in the wider economy, there have been signs of a positive shift in private equity investment activity, according to the unquote" Q2 2009 Private Equity Barometer, produced in association with Candover....
Global - BC Partners writes up value of 2005 fund by almost 25%
Private equity firm BC Partners has reportedly marked up its current fund by almost a quarter in the first half, restoring it to face value.
GERMANY - Warburg Pincus takes 8.8% stake in Kontron
Warburg Pincus has acquired a stake of nearly 9% in embedded computer technology company Kontron AG for approximately EUR 38.6m.
EUROPE - Foresight appoints new sales director
VCT manager Foresight has hired Meredith Lee as sales director, based in the firm's Sevenoaks office.
FRANCE/GERMANY - Demeter holds second close on EUR 182m; backs IGIP
Demeter Partners has held a second close its EUR 200m fund Demeter 2 on EUR 182m. The fund was launched in November 2008, and takes over from its predecessor Demeter, which closed in October 2006 on EUR 105m and is now fully invested. Both funds backed...
GERMANY – Mangrove and Neuhaus sell Cellity to Nokia
Mangrove Capital Partners and Neuhaus Partners have agreed to sell software provider Cellity AG to Nokia.
GERMANY – HTGF backs ReCoTech with EUR 500,000
High-Tech Gründerfonds has invested EUR 500,000 in software start-up ReCoTech GmbH.
GERMANY/US – KKR-backed BMG acquires Crosstown assets
KKR and Bertelsmann's BMG Rights Management, a company specialising in licensing and administrating music rights, has acquired the music publishing assets of Crosstown Songs America.
GERMANY - Arques sells Tiscon to KCK Association
Industrial holding Arques has sold its 60% stake in investment company Tiscon AG to a consortium of investors led by Russia-based KCK Association.
SWITZERLAND/US – Exigen Capital hires three
Exigen Capital has appointed Daniel S Aegerter, Kai-Uwe Ricke and Marcel Rohner to its advisory board.
GERMANY - RHJ's Honsel in debt-for-equity swap
RHJ International's Honsel AG reduces debt by EUR 370m in debt-for-equity swap.
GERMANY – HTGF invests EUR 500,000 in SP Solution Pool
High-Tech Gründerfonds has supported medical technology company, SP Solution Pool GmbH, with EUR 500,000 in seed capital funding.
GLOBAL - Calpers private equity assets plunge 23%
CalPERS' private equity assets have fallen 23% in the last year, the worst annual decline the nation's largest public pension fund has ever reported.
AUSTRIA - Carlyle-backed UC4 acquires Senactive
Carlyle Group portfolio company UC4 Software has acquired Senactive IT-Dienstleistungs GmbH, a company active in complex event-driven business process modelling technology.
GERMANY – BWK’s Rixius AG acquires Hermann Stetter GmbH
BWK GmbH Unternehmensbeteiligungsgesellschaft's portfolio company Rixius AG has acquired Viernheim-based Hermann Stetter GmbH, a supplier of plastic and glass packaging.
GLOBAL - KKR to merge with KPE
Kohlberg Kravis Roberts & Co (KKR) and Amsterdam-listed vehicle KKR Private Equity Investors LP (KPE) has obtained the necessary approvals to go through with the merger reported on unquote" news last month.
GLOBAL - Capital Dynamics acquires Silicon-Valley based HRJ
Capital Dynamics has confirmed the take-over of Silicon Valley-based HRJ Capital's private equity and real estate fund-of-funds, as reported on unquote" news in April, following the consent of the LPs of HRJ's funds.
GERMANY - HeidelbergCapital acquires majority in Accovion
HeidelbergCapital-backed business service provider Accovion GmbH has completed a restructuring that has seen the private equity investor increase its stake to a majority interest.
GERMANY - SC invests in Ladon
SC-Kapitalbeteiligungsgesellschaft, through Technologiegründerfonds Sachsen, has invested an undisclosed sum into lighting company Ladon GmbH.
GERMANY - Waterland closes A-Rosa Deal
Waterland Private Equity has closed the management buyout of river cruise operator A-ROSA Flussschiff GmbH.
GERMANY - Linklaters hires Kolja von Bismarck
Linklaters has hired Kolja von Bismarck, a specialist for complex cross-border restructurings, for its restructuring & insolvency (R&I) practice in Frankfurt.
CEE/AUSTRIA - Capexit dissolved; Kaltenegger leaves AVCO board
The industry shakedown has claimed a prominent victim in Austria: Capexit, the private equity arm of Erste Group that invested primarily in the Czech Republic, Austria and Slovakia, has discontinued operations, with the portfolio now in the hands of the...
GLOBAL - LP demand for responsible investment rising
According to a survey published today as part of a guide to responsible investing in pirvate equity, 93% of institutional investors would expect all their potential and future GPs to respond to questions surrounding environmental, social and governance...
UK/DENMARK - Index leads £10.5m Just-Eat funding
Index Ventures, alongside Venrex Investment Management and existing shareholders, has led a series-A funding round for online meal order business, Just-Eat, raising £10.5m.