DACH
GERMANY - BluO acquires Metro unit in EUR 10m deal
Private equity newcomer BluO has acquired Adler, the beleaguered fashion store unit of listed retailer Metro, in a deal thought to be worth EUR 10m.
AUSTRIA/CEE - Schoenherr establishes distressed M&A team
Austrian law firm Schoenherr has established a dedicated distressed M&A team.
GLOBAL - Permira bulks up Technology team
Permira has strengthened its technology team with the appointments of Brian Ruder and Bruce Chizen as a partner and senior advisor, respectively.
GERMANY - HTGF invests EUR 500,000 into Liquiverse
High-Tech Gründerfonds has invested EUR 500,000 into software business Liquiverse.
GLOBAL - LPs 'will find a way out'
"There's no question, that on our new deals, we'll have the availability to get out," said Rafael Stone of Washington State University's Board of Regents, speaking at the unquote" South African Private Equity Congress in Cape Town this morning.
UK/NETHERLANDS - HgCapital to close Amsterdam office and consumer team
HgCapital has announced that it is to close its office in Amsterdam and its London-based consumer and leisure team.
GLOBAL - Aladdin launches DIP fund
Aladdin Capital Holdings has launched a new fund designed to invest in Debtor-in-Possession facilities.
GERMANY/US - Neuhaus and ERP back sofatronic
Returning backer Neuhaus Partners and ERP-Startfond have invested an undisclosed seven-figure sum into blue-ray company sofatronic GmbH in a second round of funding.
EUROPE - Clemens Vedder branches out into private equity
Clemens Vedder's Goldsmith Investments has launched a private equity fund targeting EUR 700m to EUR 1bn of assets.
GLOBAL - Siemens launches venture capital fund-of-funds
Siemens Venture Capital GmbH has launched Siemens Global Innovation Partners I GmbH & Co. KG (SGIP I), a $200m fund-of-funds that will invest in venture capital funds worldwide as well as select growth capital funds.
DACH - PINOVA Capital holds first closing on EUR 50m
PINOVA Capital has announced a first closing of its first fund, PINOVA Fund I, on EUR 50m.
SWITZERLAND - Capital Group cuts staff
US private equity firm Capital Group International is cutting 105 of its 350 Geneva-based staff, citing as a reason a decrease in assets under management.
GERMANY - TGFS invests in UroTec GmbH
Technologiegründerfonds Sachsen (TGFS) has invested in Dresden-based biotechnology company UroTec GmbH.
Shaken and stirred
The overcommitment policy LPs adopted in the past is gone for good. The industry is waving good-bye to the convenient means of funding future capital calls with future fund distributions
2009 already written off
Europe will not see signs of a return to economic health until 2010 at best, suggests a new survey
GLOBAL - TPG downsizes fund
TPG Capital is to cut its $6bn fund designed to invest in distressed financial companies by 25%, reports suggest.
GERMANY - High-Tech Gründerfonds invests in Microstim
High-Tech-Gründerfonds has invested EUR 500,000 in medical technology start-up company Microstim GmbH.
EUROPE - Dubai Int’l Cap replaces PE CEO
Dubai International Capital has appointed David Smoot as its new private equity chief executive, to be based in Dubai.
EUROPE - PEREP appoints three board members
Private equity data platform PEREP_Analytics has appointed Sergey Sheshuryak, Sophie Manigart and Peter Rosenhoom to its governing board.
EUROPE - Baugur to collapse
Baugur is set to go into administration after its main banker, Landsbanki, ended restructuring talks with the once-prolific Icelandic investor.
GERMANY - Private equity-backed Märklin files for insolvency
Kingsbridge and Goldman Sachs-backed toys company Märklin has filed for insolvency.
GERMANY - CornerstoneCapital backs MBI of Integrata AG from Logica
CornerstoneCapital has, together with the buy-in managers Ingmar J Rath, Gerhard Wächter and Dr Andreas Dahmen, acquired software training business Integrata AG from Logica.
GLOBAL - TPG sale talks collapse
US private equity house TPG Capital has, according to reports, broken off talks to sell a stake of the firm to investors.
GERMANY - Carlyle-backed Edscha files for insolvency
The Carlyle Group's portfolio company Edscha has filed for insolvency.