DACH
GERMANY - Odewald KMU acquires Ebert Hera Holding
Odewald KMU has acquired the majority of Ebert Hera Holding for an undisclosed sum.
SWITZERLAND – EdRIF leads CHF 25m funding round for GlycoVaxyn
Edmond de Rothschild Investment Partners (EdRIF) has led a CHF 25m series-B funding round for vaccines company GlycoVaxyn SA, alongside existing investors Index Ventures and Sofinnova Partners.
SWITZERLAND - Adveq promotes Creed
Fund-of-funds manager Adveq has promoted Tim Creed to executive director.
GERMANY – HTGF invests in sim4tec GmbH
High-Tech Gründerfonds has invested an undisclosed sum into sim4tec GmbH.
GERMANY - High-Tech Gründerfonds backs EBS
High-Tech Gründerfonds has, alongside investment bank Investitionsbank des Landes Brandenburg, provided seed financing for medical technologies company EBS Technologies GmbH.
GLOBAL - Blackstone writes down fifth fund by 35%
According to reports, Blackstone Group has written down the value of the portfolio in its $21bn fifth fund, Blackstone Capital Partners V, by 35%.
UK/SWITZERLAND – Index promotes three
Index Ventures has announced the promotions of Ben Holmes to partner and Tony Zappala and Roman Fleck to principal.
GERMANY - BayBG invests into C&R Stahlhandel GmbH
BayBG Bayerische Beteiligungsgesellschaft has invested an undisclosed sum into steel components trading company C&R Stahlhandel GmbH in a silent partnership.
EUROPE - Index Ventures V closes on EUR 350m
Index Ventures has held a final close of its fifth fund, Index Ventures V, on EUR 350m.
EUROPE - Candover reveals full extent of downturn
Candover Investments Plc today announced its final year results for 2008, revealing a sharp aggregated writedown of more than 50% in NAV following five successive years of increases.
EUROPE - Baird bolsters business services team
Baird has strengthened its investment banking advisory business with the hire of Jonathan Harrison as a director within its European business services sector team.
Austria - Frankenstein legislation
Austrian private equity's economic woes are exacerbated by ill-suited legislation, hindering the industry from playing its beneficial role due to cumbersome regulation. Mareen Goebel reports
Fire and fury
It is probably part of human psychology to break out into activism for activism's sake. Facing plummeting stock markets, bursting housing bubbles, waves of unemployment, states teetering on the brink of bankruptcy and the global economy tumbling into...