DACH
GERMANY - Süddeutsche Beteiligung acquires Schwäbische
Die Süddeutsche Beteiligung GmbH has acquired Schwäbische Werkzeugmaschinen GmbH from EMAG Holding GmbH for an undisclosed sum. EMAG will continue to hold a 30% stake.
SWITZERLAND - Aravis leads CHF 21m Telormedix funding
Aravis Venture has led a CHF 21m funding round for biotechnology company Telormedix SA. Other investors include Proquest Investments, BSI SA, Nextech Venture and Generali Insurance Group.
SWITZERLAND – TVM Capital backs CHF 24m Nitec Pharma AG investment
TVM Capital and Deutsche Bank have led an investment of CHF 24m into speciality pharmaceutical company Nitec Pharma AG, alongside existing investors NGN Capital, Global Life Sciences Venture and Atlas Venture.
GERMANY – Finatem-backed DNZ acquires DWSI
Finatem Beteiligungsgesellschaft has backed portfolio company DNZ Deutsche Notrufzentralen und Sicherheitsdienste Holding GmbH in its acquisition of DWSI Dresdner Wach- und Sicherungsinstitut GmbH from Arndt Sicherheit und Service GmbH and several private...
GERMANY - Montagu abandons BSN Medical auction
Reports suggest that Montagu has decided to abandon the planned auction of medical supplies company BSN Medical, which was expected to achieve a sale price of between EUR 1.8bn - EUR 1.9bn, as a result of the continuing turmoil in the financial markets.
SWITZERLAND - TowerBrook refinances Odlo
TowerBrook Capital Partners has agreed a refinancing of portfolio company Odlo Sports Group AG, a designer, manufacturer and distributor of functional sports clothing, which will see new debt facilities of CHF 86.7m injected into the business.
SWITZERLAND – Vinci Capital invests CHF 6m into Omnisens
Vinci Capital has invested CHF 6m into Omnisens SA, a developer of long-distance distributed fiber-optic sensing.
GERMANY - Joachim Schmarbeck to leave Wölbern
Joachim Schmarbeck will leave Wölbern Invest AG on 31 December 2008 to pursue new opportunities.
GERMANY - Odewald & Compagnie sells Zehnacker Group
Odewald & Compagnie has fully exited its stake in facility management company Zehnacker Group in a trade sale to listed French company Sodexo.
GERMANY - NORD Holding backs MBO of IGEL
NORD Holding Unternehmensbeteiligungsgesellschaft mbH has taken a majority stake in thin clients company IGEL Technology GmbH as part of a management buyout from parent company the Melchers Group. Melchers Group and managing partner Heiko Gloge will together...
EUROPE - 3i reports 40% drop in new investments
3i Plc has announced a year-on-year drop of almost 40% in new investments for the five months to 31st August, which fell to £622m in 2008 compared to more than £1bn for the same period in 2007.
EUROPE - Permira hires new senior adviser
Permira has hired David Williams as a senior adviser in the industrial and product services sector.
EUROPE - Kleinwort Benson appoints new head of alternative assets team
Kleinwort Benson has appointed Alexandre Pigault as new head of alternative assets research.
GERMANY - Mantra invests in Arques
French investment firm Mantra is in the process of completing a deal to increase its stake in listed industrial holding Arques Industries.
EUROPE - Private equity attracted to logistics
According to a new study by PricewaterhouseCoopers, private equity buyers are increasingly targeting investments in the transport distribution and logistics sectors.
GERMANY – Terra Firma settles legal case
Terra Firma, along with a fund managed by Deutsche Bank, have abandoned their attempts to block Swiss bank UBS from selling debt held in Germany’s Tank & Rast service station following a high court settlement.