DACH
GERMANY - HgCapital generates 3.7x return from Addison sale
HgCapital has sold Addison Software, a provider of solutions to accountancy practices and SMEs, to international multimedia company Wolters Kluwer, reaping a 3.7x return on the capital invested and a 55% IRR.
GERMANY - PEF donates EUR 180,000 to HHM
The Private Equity Foundation (PEF), a venture philantrophy fund, has made its first donation of EUR 180,000 to the Hamburger Hauptschulmodell (HHM), an employment and training initiative aimed at secondary modern schools in Hamburg. PEF members will...
GERMANY - Wellington Partners leads EUR 8m Qype funding
Wellington Partners has led an EUR 8m Series-B funding round for Qype, an operator of online city guides, alongside existng backers Advent Venture Partners and Partech International.
GLOBAL - HIG appoints former Apax exec
HIG Capital has appointed Tim Armstrong as managing director.
GERMANY - High-Tech Gründerfonds and Zukunftsfonds Heilbronn invest in enymotion
High-Tech Gründerfonds and Zukunftsfonds Heilbronn have invested an undisclosed sum in start-up enymotion GmbH, a developer of mobile fuel cell systems.
GERMANY – Emerald Technology Ventures sells Ormecon GmbH
Emerald Technology Ventures has sold its stake in Ormecon GmbH, an advanced materials company, for an undisclosed sum to Enthone Inc, a Cookson Electronics company.
GERMANY – GCI portfolio company files for insolvency
GCI Management portfolio industrial machinery company PFAFF Industrie Maschinen AG has officially filed for insolvency.
UK/GERMANY – Wellington Partners hires Daniel Waterhouse
Wellington Partners has strengthened its presence in London with the appointment of the former Yahoo! manager and 3i sector partner Daniel Waterhouse.
GERMANY - Wellington and TVM lead EUR 4.5m invendo medical investment
Wellington Partners and TVM Capital have co-led a EUR 4.5m funding round for medical technology company inveno medical, alongside existing investor Heidelberg Innovation.
GERMANY - Target Partners hires associate
Target Partners has hired Christian Thaler-Wolski as a new associate.
DACH - Entries due next week for the Deutsche Private Equity Awards 2008
The Deutsche unquote” Private Equity Awards 2008 will be held on 30 October at Hotel Bayerischer Hof in Munich, immediately following the Deutsche unquote” Private Equity Congress. Entries must be received no later than Wednesday, 17 September.
GERMANY - BayernLB looking for investors
According to reports, German state-owned bank BayernLB is looking to sell a stake of up to 24.9% as part of a capital increase.
GERMANY - HSH Nordbank to reduce credit investment portfolio
HSH Nordbank, in which JC Flowers holds a 26.6% stake, has announced plans to dispose of its leasing business and leveraged buy-out operations outside Germany in order to boost profitability.
GLOBAL - Lehman Brothers restructures management team
Lehman Brothers is restructuring its management team, appointing Eric Felder and Hyung Soon Lee as global co-heads of fixed income to replace Andrew Morton, who is leaving the firm after just seven months in the position.
GLOBAL - Bear Stearns Private Equity re-brands
Bear Stearns Private Equity Ltd will change its name to JP Morgan Private Equity Ltd (JPEL).
UK/NETHERLANDS – Apollo joins bidding for Reed
Apollo, alongside former non-executive director Strauss Zelnick, have jointly made a bid for publisher Reed Elsevierтs business information division.
EUROPE - Fortis launches EUR 400m clean energy fund
Fortis Investment has launched a new EUR 400m fund dedicated to investments in clean energy companies in Europe.
SWITZERLAND - Atlas et al invest in Lumavita
Atlas Ventures, BB Biotech Ventures and BioMedInvest have invested CHF 18m in biopharmaceutical company Lumavita AG.
Germany - TVM promotes Schuster
Munich-based venture capital house TVM Capital has promoted Steffen Schuster to general partner.
Germany/China - Freshfields re-posts private equity partner
Freshfields Bruckhuas Deringer will relocate Dr Heiner Braun, one of its Frankfurt-based private equity partners, to its Shanghai office on 8 September 2008.
GERMANY – bmp AG sells stake in Gamigo
bmp Media Investors has sold its 47.37% stake in Hamburg-based games publisher Gamigo to co-investor AS Venture GmbH, a subsidiary of the Axel Springer publishing house.
GERMANY - Montagu to sell BSN Medical
Montagu has put medical supplies company BSN Medical up for sale, with the purchase price expected to reach between EUR 1.8bn and EUR 1.9bn.
GERMANY – HANNOVER Finanz raises EUR 120m for evergreen fund
Hannover Finanz has raised a total of EUR 120m for its latest evergreen fund - the largest amount it has raised so far.
GERMANY - Leonardo Venture increases interest in InovisCoat
Leonardo Venture has increased its shareholding in technology company InovisCoat GmbH by 7.76%, taking its interest in the business to 48.94%. A silent participation of EUR 1.3m has also been agreed.