DACH
EUROPE/US - Portfolio Advisors closes fifth fund above $1bn
Portfolio Advisors has closed its latest private equity fund-of-funds, Portfolio Advisors Private Equity Fund V, on just over $1bn.
SWITZERLAND – Peter Schwanitz joins Portfolio Advisers
US fund-of-funds Portfolio Advisers has hired Peter Schwanitz as senior vice president for its Zurich office.
AUSTRIA - Perusa sells Guss Komponenten to mutares
Perusa Partners has sold metal parts company Guss Komponenten GmbH to listed mutares AG for an undisclosed sum.
GLOBAL - CP Eaton Partners appoints Rinaldi
Global placement agent CP Eaton Partners has appointed Dawn Rinaldi as chief operating and chief financial officer.
EUROPE - AlpInvest partner joins Apax board
AlpInvest managing partner Wim Borgdorff has joined Apax Partners' board of advisers.
GERMANY - Doughty backs SoundCloud with EUR 2.5m
Doughty Hanson Technology Ventures has invested EUR 2.5m into online music platform SoundCloud.
GLOBAL - Goldman raises $5.5bn secondaries fund
Goldman Sachs has reportedly closed its new secondaries fund, GS Vintage Fund V, on $5.5bn - ahead of its $5bn target.
GERMANY – DVC leads EUR 8m round in KeyNeurotek Pharmaceuticals AG
DVC Deutsche Venture Capital has led a EUR 8.2m Series-C round of funding for KeyNeurotek Pharmaceuticals AG.
GERMANY – Linklaters promotes two new partners and counsels
Linklaters has promoted two new partners and counsels in its German offices.
GERMANY – Perusa acquires Karlie Heimtierbedarf GmbH
Perusa Partners has, together with the management, wholly acquired pet products company Karlie Heimtierbedarf GmbH. Perusa made the investment via Perusa Partners I.
GERMANY – 360° Capital Partners joins Invendo investment round
360° Capital Partners has backed Invendo Medical, a developer and distributor of novel disposable endoscopy products. The investment brings the recent financing round, co-lead by Wellington Partners and TVM Capital, to EUR 6.5m.
GERMANY – 3i-backed Labco acquires AescuLabor-Karlsruhe
3i-backed Labco has acquired AescuLabor-Karlsruhe, a medical diagnostics company based in Karlsruhe. In addition to a debt package provided by a bank syndicate, 3i supported the transaction with additional financing of up to EUR 65m.
GERMANY – Ripplewood and Lone Star circle BHF bank
According to press reports, Ripplewood and Lone Star are interested in acquiring private bank BHF, which has been put up for sale by private banking group Sal. Oppenheim.
EUROPE - BPE spin-off – still no firm agreement
Following speculation since before Christmas, unquote" can confirm that Barclays Private Equity is indeed inching closer towards independence. Though the firm is "sounding out views of its investors", there is as yet still no agreement in place, according...
GLOBAL - Kamil Salame joins CVC Capital
International private equity firm CVC Capital Partners has appointed Kamil Salame as partner and US head of its financial institutions group.
Europe/US - Peter Schweinfurth launches Gulf + Eastern Advisors firm
Private equity professional Peter Schweinfurth has formed private merchant advisory firm Gulf + Eastern Advisors.
GERMANY – S-UBG backs MBO of Jouhsen-bündgens
S-UBG AG has alongside management increased its stake in portfolio company Jouhsen-bündgens Maschinenbau GmbH to 100%, acquiring outstanding shares from the company's founder.
GERMANY – IPIC acquires 70% of MAN Ferrostaal
The International Petroleum Investment Company of Abu Dhabi (IPIC) has acquired 70% of the shares of MAN Ferrostaal AG from MAN AG, which retains a 30% stake. MAN Ferrostaal will continue as an independent company.
EUROPE - Private equity and SWFs circle GM Europe
According to reports, sovereign wealth funds and private equity firms are showing an interest to acquire a stake in the European business of US carmaker General Motors.
EUROPE - Charterhouse closes ninth fund on EUR 4bn
Private equity firm Charterhouse has closed its latest buyout fund, Charterhouse Capital Partners IX, on EUR 4bn - EUR 2bn short of its target.
GERMANY – BayBG backs EUR 1m jCOM1 investment
BayBG and KfW banking group have jointly invested EUR 1m into software developer jCOM1 AG in the framework of a silent partnership.
GERMANY - Lemper leaves Aurelia Private Equity
Stefan Lemper, a partner at venture firm Aurelia Private Equity, has left the firm to join 3D chat world messengers club cooee GmbH as CEO.
GERMANY - Pamplona backs all-equity buyout of automotive supplier
Pamplona Capital Management has, alongside the senior management team of the business, acquired automotive supplier TMD Friction from insolvency in an all-equity transaction.