DACH
Legal challenges
In the last two weeks, I have had the opportunity to talk to a lot of lawyers active in the UK or in the DACH region. The stories from UK lawyers are uniformly grim, while their DACH-based colleagues are more positive for the moment, though they expect...
GERMANY - Ashurst said to name new head of German practice
Press reports suggest that Simon Beddow who currently heads Ashurst's German office is set to return to London after four years in Frankfurt. His successor is expected to be named in April.
GERMANY - Hasso Plattner Ventures and KfW invest in VIOSO
Hasso Plattner Ventures has, alongside KfW, invested in smart projecting company VIOSO.
DACH - BonVenture closes second fund on EUR 9.39m
BonVenture has closed BonVenture II, its second socially responsible venture capital fund, on EUR 9.39m.
GERMANY - Nova exits nuclitec GmbH
Direct secondaries specialist Nova Capital Management has sold German radioactive products supplier nuclitec GmbH, along with its French and US based sister companies nuclitec sarl and nuclitec Inc, in a trade sale to Eckert & Ziegler Strahlen-und Medizintechnik...
AUSTRIA/GERMANY - Ventizz-backed Cardfactory acquires Visioncard
Ventizz portfolio company CardFactory AG has acquired Tyrol-based Visioncard Kunstoffkarten-Produktions GmbH.
AUSTRIA - Quadriga and Lead Equities in talks over Palmers sale
Rumours suggest that Quadriga Capital and Lead Equities are in talks with an Italian strategic investor to exit lingerie company Palmers.
EUROPE - McCreevy remains vague about PE regulation
According to reports, EU Internal Market Commissioner Charlie McCreevy still has reservations about regulating private equity firms, despite heavy pressure from MEPs and earlier promises made by European Commission President José Manuel Barroso.
EUROPE - Yea leaves 3i; Queen takes the reins
Philip Yea is to step down from his position as CEO of 3i with immediate effect, to be replaced by Michael Queen, formerly finance director of the group.
AUSTRIA/CEE - Schoenherr gains eight new partners
Schoenherr has increased its partnership by eight lawyers, lifting the total number of firm-wide partners to 53.
Back to the future
As the private equity market waived a welcome goodbye to a difficult 2008, unquote" spoke to five industry professionals to get their views on what could be in store in the coming year; in terms of dealflow, fundraising, debt availability and the increasing...
Some sunny day...
Following a near barren second half of 2008, which saw an almost complete drying up of debt financing amidst a collapse in the global banking sector, buyout houses will now be looking optimistically to the year ahead. However, it may be some time before...
Q&A: Weathering the 'perfect storm'
Following an almost doubling of activity in the German small- and mid-cap segment January and September 2008, the financial crisis finally began to take its toll on the space in the final quarter. Mareen Goebel speaks with Andreas Schober , vice-chairman...
Evolving infrastructure
In recent years the amount of capital being raised for dedicated infrastructure funds has risen substantially and the sector has emerged into a major new area for investment. With raising and deploying capital in the traditional LBO market becoming increasingly...
GERMANY - Vestar promotes Boege
Vestar Capital Partners has promoted Daniel Boege to executive director.
GERMANY - TVM Capital promotes principal
TVM Capital has promoted Dr Peter Neubeck to principal.
GERMANY - DPE acquires bakery business
DPE Deutsche Private Equity GmbH has acquired bakery chain Bäckerei Wilhelm Middelberg GmbH for an undisclosed amount.
SWITZERLAND - Ventizz founds management consulting company
German venture investor Ventizz Capital Partners has established a new management consulting unit in Switzerland, Ventizz Management Consulting AG, which will be led by Guido Bollue and will focus exclusively on the firm's portfolio companies.
EUROPE - Final quarter records lowest deal value for a decade
Though it will come as no surprise that private equity investment in Europe dropped considerably in the final quarter of 2008, the scale of the decline just might; with deal value sliding 59% against the preceding three months from around EUR 20bn to...
GLOBAL - CalPERS hires investment chief
US pension fund CalPERS has appointed Joseph Dear, the head of the Washington state fund, as its new chief investment officer following a nine-month search.