DACH
EUROPE - EVCA data shows increased returns in 07
Private equity delivered increased returns for investors in 2007, with buyout funds the best performers, according to data from the European Venture Capital Association.
GERMANY - NIBC Capital Partners acquires Gebr Reinfurt
NIBC Capital Partners has acquired German ball bearings manufacturer Gebr Reinfurt GmbH Co KG from its current eight family shareholders for an undisclosed amount.
SWITZERLAND - Riverside acquires EM Test Group
The Riverside Company has acquired EM Test Group for an undisclosed amount. The investment was made from REF III.
GERMANY - Capiton sells Borsig
Capiton AG has sold its stake in Borsig Group to listed Malaysian firm KNM Group for EUR 350m.
SWITZERLAND - Capvis Equity III L.P. closes on EUR 600m
Capvis Equity Partners AG has closed its latest fund, Capvis Equity III L.P., on its hard cap of EUR 600m (CHF 1bn). The fund was substantially over-subscribed, exceeding its original target of EUR 500m.
GERMANY - Grainville Baird leads buy-out of Siemens division
A consortium including Granville Baird and T-Mobile Venture Fund have acquired the wireless modules business of Siemens AG for an undisclosed sum. The transaction is expected to close in the second quarter of 2008.
GERMANY - Halder closes GIMV Germany II on EUR 325m
In a time when many international GPs are raising large funds for distressed assets, Halder has bucked the trend to raise a traditional mid-market buy-out fund. GIMV Germany II reached its hard cap of EUR 325m after just three months, comfortably surpassing...
GERMANY - Granville Baird bolsters Hamburg team
Moritz Freiherr Schenck and Matthias Zillmer have joined the Hamburg office of Granville Baird as partners.
GERMANY – Apax eyes Escada
Apax Partners is rumoured to be interested in ailing fashion concern Escada, which is listed on Germany's S-Dax. Escada is Germany’s second largest listed fashion concern. Escada’s shares have lost a third of their value since summer, and the company...
GERMANY – Private equity houses bid for IKB
Several private equity houses and two banks have submitted bids for troubled lender IKB. According to press reports in Germany, bids were submitted by German banks WestLB and BayernLB, US private equity firms Ripplewood, JC Flowers and Lone Star as well...
Stealing the spotlight
One would be forgiven for thinking Central and Eastern Europe (CEE) is stealing the spotlight from the DACH region. Last August a Polish cable operator, Aster, was able to pull off a EUR415m recapitalisation despite the fact the rest of Europe was suffering...