DACH
GLOBAL - LBPE agrees to buy back more shares
Lehman Brothers Private Equity Partners has amended the liquidition enhancement agreement from July 2008 to raise the amount of shares it can buy back.
GERMANY - Earlybird invests in nfon AG
Earlybird has invested in web-based telecommunications solutions provider nfon AG.
GERMANY - WMS supports IMM Group with EUR 1.75m
Wachstumsfonds Mittelstand Sachsen (WMS) has backed electrical components manufacturer IMM Holding GmbH with an investment of EUR 1.75m, which comprises a direct stakeholding and a silent partnership.
SWITZERLAND - Aravis and IGC lead CHF 32m Synosia investment
Aravis Venture and Investor Growth Capital have co-led a CHF 32m Series-B funding round for Synosia Therapeutics, alongside Swiss Helvetia Fund and historical backers Versant Ventures, Abingworth, Novo A/S and 5am Ventures.
GLOBAL - Secondaries pricing dips to five year low
Pricing of limited partnership interests on the secondaries market dipped to its lowest level for five years in H2 2008, with the average high bid falling to just 61% of NAV according to the Winter 2008 Secondary Pricing Analysis Interim Update , produced...
GERMANY - Perusa sells Buderus Kanalguss to MeierGuss
Perusa Partners has sold Buderus Kanalguss GmbH to strategic investor MeierGuss for an undisclosed amount.
AUSTRIA - AXA Private Equity opens office in Vienna
AXA Private Equity has opened a new office in Vienna in an effort to boost its presence in Eastern European markets.
GERMANY - NORD Holding backs SIC
NORD Holding Unternehmensbeteiligungsgesellschaft mbH has acquired a silent partnership in care home provider SIC Vermögensverwaltungs GmbH & Co KG.
EUROPE - Shearman & Sterling promotes 12 to counsel
International law firm Shearman & Sterling has promoted 11 lawyers to counsel and one to European counsel.
Permira's plight
Permira is letting its investors scale back. Reactions are mixed
The year of the portfolio
The numbers are in for 2008 and the picture is bleak across Europe. Only countries such as Italy or Portugal posed (small) exceptions to the overall trend. Remembering the beginning of 2008, when the effects of the credit crunch had already taken hold...
GERMANY - BayBG supports AUVICA
BayBG Bayerische Beteiligungsgesellschaft has invested an undisclosed sum into internet software provider AUVICA GmbH, acquiring a a minority stake. In addition, BayBG provided a mezzanine package in the form of a silent partnership.
SWITZERLAND - Partners Group raises USD 1.1bn for Asia-Pacific program
Partners Group has raised over USD 1.1 billion for its most recent Asia-Pacific program, exceeding the target size of USD 1 billion.
GERMANY - TGFS invests in Lecturio GmbH
Technologiegründerfonds Sachsen (TGFS) has invested in internet services provider Lecturio GmbH.
EUROPE – EIF’s Meyer seconded to EVCA
The European Investment Fund (EIF), Europe's largest venture fund investor, has seconded Thomas Meyer to the EVCA for a period of three years, commencing in January.