DACH
DACH/CEE - GCP closes its third fund
Gamma capital partners (gcp) has closed gamma III, which reported a first closing on EUR 32.6m in June 2007.
GERMANY - Montagu seeks buyer for Kalle Nalo
Reports indicate that Montagu Private Equity has appointed Sal Oppenheim to advise on a possible sale of portfolio company Kalle Nalo GmbH, a producer of sausage casings and sponges.
GERMANY - Bain Capital write off Bavaria Yachtbau
Reports suggest that Bain Capital has completely written off its reported EUR 1.3bn investment in yacht builder Bavaria Yachtbau GmbH.
SWEDEN/GERMANY - Ratos-backed Bisnode completes SEK 411m WLW acquisition
Ratos portfolio company Bisnode, a supplier of digital business information, has acquired German online search service company Wer liefert was? (WLW) from Seat Pagine Gialle for a total consideration of SEK 411m.
GERMANY - T-Online Venture Fund backs myON-ID
T-Online Venture Fund has invested an undisclosed seven-figure sum into myON-ID Media GmbH, a platform for online reputation management, in a second round of financing.
EUROPE - Oaktree closes on EUR 1.6bn
US-headquartered investor group Oaktree Capital Management has closed OCM European Principal Opportunities Fund II LP, its second European fund dedicated to opportunistic private equity and distress-for-control investments, on around EUR 1.6bn.
GERMANY - SHS and KfW support AMW
SHS Gesellschaft für Beteiligungsmanagement and KfW have made an undislosed investment into pharmaceuticals manufacturer Arzneimittelwerke Warngau (AMW) within the framework of a capital increase.
GERMANY - Climate Change backs Power Plus with EUR 10m
Climate Change Capital Private Equity has invested EUR 10m into telecommunications business Power Plus Communications AG.
GERMANY - Partech leads Private Sale investment
Partech International has led a funding round, believed to be worth in excess of EUR 10m, for online retailer Private Sale GmbH, alongside existing investors Mangrove Capital Partners and Holtzbrinck Ventures.
UK/FRANCE - Apax sued over profit split
Apax Partners co-founder Maurice Tchenio is sueing the firm in a dispute over how profits and fees were split on deals in Europe since 2001.
GERMANY - HTGF and Bayern Kapital back EUR 600,000 iso-fast funding
High-Tech Gründerfonds (HTGF) and Bayern Kapital have agreed to jointly invest EUR 600,000 into iso-fast GmbH, which has developed a new system to insulate residential buildings.
EUROPE - CVC appoints new senior adviser
CVC Capital Partners has appointed Charles-Henri Filippi as senior adviser.
GERMANY - Buchanan Capital Partners becomes Aheim Capital
Following the successful raising of its first fund and several acquisitions, the three managing directors of Buchanan Capital Partners have recently acquired the remaining shares in the business from minority investor Buchanan Capital Holding AG, and...
EUROPE - IPEV reaffirms commitment to fair value
At a press conference in London this afternoon the International Private Equity & Venture Capital Valuation board (IPEV) emphasised its support of the fair value methodology as the best measure of assessing the value of private equity portfolio companies...
GERMANY - HTGF et al. backs United Maps
High-Tech Gründerfonds, Bayern Kapital and SpaceTec Capital Partners have made an undisclosed investment into cartography start-up United Maps GmbH.
AUSTRIA - Gilde Buy Out Partners acquires Powerlines
Gilde Buy Out Partners has agreed to acquire technical infrastructure services company Powerlines Group in a secondary buyout from Invest Equity for an undisclosed amount.
The value of 'fair value'
Private equity firms are facing a difficult and potentially painful year-end accounting process as they adapt to the increasing requirements of fair value reporting, but there could be rewards in store for those that meet the challenge. By Ashley Wassall
The wheel turns...
With pressure mounting on both GPs and LPs alike as the post-crunch economic decline stagnates the primary market, the cycle seems once more to have turned in favour of secondaries players. Ashley Wassall reports.
How to Pick Winners
Despite the age-old adage that backing sound management is paramount, a new study reveals that people are less important than the product.
Movers and shakers
Despite the current economic turmoil and subsequent downturn in deal activity, several areas of the private equity industry have witnessed a recruitment boom in the last month. Is this a sign of better things to come? Ashley Wassall reports.
GERMANY/UK - Riverside-backed Sage makes fourth acquisition
Riverside Company-backed international communications company Sage Holdings has acquired Capital Precision, a UK-based provider of capital markets intelligence.
GERMANY - ATS et al. invest EUR 65m into GANYMED
ATS Beteiligungsverwaltung GmbH has participated in a EUR 65m financing round for biopharmaceutical company GANYMED Pharmaceuticals AG, alongside Future Capital AG, MIG Verwaltungs AG, and private investors.
GERMANY - BayernLB Private Equity backs MBO of RSA
BayernLB Private Equity has backed the management buyout of industrial machinery company RSA Entgrat- u Trenn-Systeme GmbH & Co KG.