DACH
EUROPE - Cognetas hires adviser
Pan-European buyout house Cognetas has hired David Pusinelli as senior adviser specialising in financial services.
EUROPE - Bridgepoint closes fourth fund EUR 800m above target
Bridgepoint has closed its fourth fund, Bridgepoint Europe IV Fund, on more than EUR тЌ4.8bn - well above its original target of тЌ4bn.
AUSTRIA - GCP appoints partner
Austrian venture capital investor Gamma Capital Partners (GCP) has appointed Jürgen Wahl as partner.
GERMANY - Please fasten your seat belts
"The last year can only be likened to a rollercoaster ride between hope and fear," said Thomas Dorbert, managing director of Mediobanca, speaking at the Deutsche unquote" private equity conference today in Munich.
EUROPE - Private equity investment drops to four year low
Figures published today in the unquote" Private Equity Barometer, produced in association with Candover, reveal that the total value of private equity-backed investments fell to less than EUR 20m between July and September - a 35% drop on the previous...
SWITZERLAND - Close Brothers opens Zurich office
Close Brother Corporate Finance has opened a new office in Zurich and has appointed Jürg Glesti as managing director.
EUROPE - EVCA appoints new chairman of Tax and Legal Committee
The European Private Equity and Venture Capital Association (EVCA) has appointed Fabio Brunelli as the new chairman of its Tax and Legal Committee.
DACH - Ventizz strengthens team
Ventizz Capital Partners has reinforced its team with investment professionals Dr Jochen Brellochs and Christof Knop, who will be based at the firm’s offices in St Gallen.
GERMANY - AFINUM acquires Tenbrink
AFINUM Management GmbH, through its fund AFINUM Fünfte Beteiligungsgesellschaft mbH & Co KG, has acquired the Tenbrink group, supplier of renovation services for hotels and retail shops.
GERMANY – Milbank elects two partners
Milbank, Tweed, Hadley & McCloy LLP has elected two partners in Germany: Dr Martin Erhardt, based in Munich, and Peter Memminger, based in Frankfurt.
DACH - AVIDA re-brands as Triginta
AVIDA Group has re-branded as Triginta Capital.
GERMANY - S-UBG invests in MagnaMedics
S-UBG has invested an undisclosed sum into nanotech company MagnaMedics GmbH, taking around a 17% stake in the business. Co-investors The BioScience Ventures Group AG and Limburg Ventures BV also particpated in the financing.
GERMANY - HAARMANN expands tax law team
HAARMANN has recruited André Suttorp as partner for the tax law team.
GERMANY - T-Online Venture and EFF invest EUR 7m into Netviewer
T-Online Venture Fund and the European Founders Fund have completed an investment of EUR 7m into internet company Netviewer AG.
DACH - Zurmont Madison strengthens team
Zurmont Madison Management AG has further expanded its investment team with the appointment of Daniel Anliker, who joins as investment director.
DACH - NEXT WEEK Deutsche Private Equity Congress & Awards
Join unquote” next Thursday, 30 October, in Munich for the third annual Deutsche Private Equity Congress & Awards.
The last resort?
With the ongoing turmoil in the banking sector continuing to limit the availability of debt financing, buyout houses seem to be increasingly turning to asset based lenders to fill the liquidity void. By Ashley Wassall
Performance data: using returns to predict returns
Gaining access to reliable performance data has become something of a holy grail for private equity professionals seeking to stay one step ahead of the market, but it has historically be difficult to find. Is this set to change?
EUROPE - Beechbrook launches maiden fund with USD 75m
Beechbrook Capital has launched its first fund, Beechbrook Mezzanine I LP, with an initial commitment of up to USD 75m.
GERMANY/AUSTRIA – SocGen appoints new chief country officers
Société Générale Corporate & Investment Banking has appointed Francis Repka and Benoît Riehl as new chief country officers for Germany and Austria respectively.