DACH
GERMANY – Consortium invests seven figure sum in Qiro GmbH
A consortium of investors, comprising Michael W Schwetje, High-Tech Gründerfonds, VC Fonds Technologie Berlin and BBAF Business Angels Fondsgesellschaft mbH has raised a seven figure sum in a second funding round for mobile services company Qiro GmbH....
GLOBAL - Buying from private owners most lucrative
Private equity firms make the most impact on buyouts they source from private owners, rather than those of formerly listed companies, though both outperform companies that are not backed by private equity at all, according to a report from Ernst & Young....
GERMANY – Consortium invests EUR 85m in Sulphurcell
Intel Capital, Intel's investment organisation, has led an EUR 85m total equity funding round for thin-film solar modules company Sulfurcell, investing EUR 24m. Other institutional investors, including Climate Change Capital Private Equity, AIG, Demeter...
GERMANY - Gilde Buy-Out Fund sells Walter Services Group
Gilde Buy-Out Fund has sold services company Walter Services Group to Odewald & Compagnie and caption for an undisclosed amount. Gilde Buy-Out Fund will reinvest part of the proceeds from the exit.
GERMANY - Waterland Private Equity acquires GolfRange
Waterland Private Equity Investments has acquired a majority stake in golf company GolfRange for an undisclosed sum.
GERMANY – Augur acquires Veritas
Augur Capital has, via Augur Financial Opportunity SICAV, acquired financial services provider Veritas SG Investment Trust GmbH from French online financial services company Boursorama SA, a subsidiary of Société Générale-Group, for an undisclosed amount....
GERMANY – Consortium joins third nugg funding round
New investors European Funders Funds and VC Fonds Technologie Berlin joined for a third round of funding for nugg.ad AG, a provider of predictive behavioral targeting solutions to advertising agencies, alongside incumbent investors bmp Media Investors...
SWITZERLAND – ECM acquires stake in KADI AG
Equity Capital Management (ECM) has, together with the management, acquired Swiss convenience food producer KADI AG from its sole previous owner. No financial details were disclosed.
GERMANY – Equita acquires Kolbe-Coloco from INVEST EQUITY
Equita GmbH & Co Fonds 3 has acquired marketing services company Kolbe-Coloco Spezialdruck GmbH & Co KG from INVEST EQUITY for an undisclosed sum. INVEST EQUITY acquired the company in 2004.
GERMANY – Consortium of investors inject EUR 4m into Revotar
New investor Goodvent GmbH, via IBG Risikokapitalfonds I, has joined historical investors MVC Unternehmensbeteiligungsgesellschaft mbH and Deutsche Life Science GmbH in a EUR 4m financing round for Revotar Biopharmaceuticals AG.
GERMANY - Capital Dynamics opens office in Munich
Private equity asset manager Capital Dynamics has opened an office in Munich, which will be headed up by Dr. Katharina Lichtner, one of the founders of the firm.
GERMANY - Wellington Partners invests EUR 11m into GameDuell
Wellington Partners has invested EUR 11m into games website GameDuell.
SWITZERLAND - AXA Private Equity opens Zurich office
AXA Private Equity has opened a new office in Zurich to exploit investment opportunities coming from investors in the Swiss market.
GLOBAL - DIC appoints new managing director
Dubai International Capital has appointed David Smoot as managing director of its private equity team.
Not all seconds are sloppy
More private equity-backed companies are growing the bottom line through top-line growth, not cost savings, and the best results stem from deals sourced from private, not public, owners - even if that's another buyout house. Kimberly Romaine reports on...