DACH
Who's afraid of paper tigers?
This month, the Bundestag passed MoRaKG, the Law on the Modernisation of Framework Conditions for Venture Capital and Equity Investments. Intended to provide the venture capital sector with an internationally competitive legal framework, the new regulations...
GERMANY - Argantis to sell NordSüd
Argantis has sold its majority stake in NordSüd Speditionsgesellschaft mbH to BIP Investment Partners and the company's management for an undisclosed amount.
AUSTRIA - Earlybird and Delta lead investment in Miracor
Earlybird and Delta Partners have completed a Series-A financing round of EUR 6m for medical technology company Miracor GmbH.
EUROPE – EVCA appoints Andreas Schober
The European Private Equity & Venture Capital Association (EVCA) has appointed Andreas Schober, vice chairman of Germany-based Hannover Finanz, to its supervisory board.
GERMANY - White & Case boosts Hamburg team
White & Case has hired Dr Markus Althoff to boost the M&A/corporate team based in its Hamburg office.
GERMANY - Salans to open in Frankfurt
Salans will open a German office in Frankfurt on 1 July 2008. The team of eight is headed by partners Dr Matthias Haas and Holger Scheer.
GERMANY - Uwe Steininger to join Beiten Burkhardt
Beiten Burkhardt has hired former Hogan & Hartson partner Uwe Steininger to boost its Munich office.
The problem with pension funds
With pension liabilities increasing buyouts of pension funds are on the rise, but what are the implications for private equity? By Ashley Wassall
AUSTRIA - PONTIS Venture Partners invests in Xendex
PONTIS Venture Partners, alongside a consortium of business angels, has participated in a EUR 2.3m first funding round for mobile games company Xendex.
GERMANY - KTB leads fourth funding round for MergeOptics
KTB Technologie Beteiligungsgesellschaft has led a EUR 5.3m fourth financing round for fibre optics business MergeOptics GmbH, alongside existing investors Earlybird, Target Partners and DVC.
GERMANY - CornerstoneCapital AG acquires Stanniolfabrik Eppstein
CornerstoneCapital has acquired a majority stake in technical metal foils producer Stanniolfabrik Eppstein from JL Goslar Group for an undisclosed amount, alongside co-investors including Columbus Investment AG and company CEO Dirk Mälzer.
GERMANY - Hannover Finanz acquires Giesserei Industrie Holding Isselburg
HANNOVER Finanz has acquired a 70% stake in foundry Giesserei Industrie Holding Isselburg GmbH for an undisclosed amount, with the management continuing to hold the balance of the equity.
SWITZERLAND - Doughty Hanson Technology Ventures sells Plazes AG
Doughty Hanson Technology Ventures has sold its stake in mobile social navigation startup Plazes AG to Nokia for an undisclosed amount. Plazes had raised VC funding from Doughty Hanson Technology Ventures as well as Esther Dyson, Marc Andreessen and Martin...
SWITZERLAND - Aescap backs second closing of CHF 32m Vivendy funding round
Aescap Venture has joined the existing investor base consisting of BioMedInvest, LSP Life Science Partners and TVM Capital in a second closing of a CHF 32m series-A financing round for Vivendy Therapeutics.
EUROPE - EVCA publishes study on global scenario for private equity
A new report by the EVCA, Global Scenarios for Private Equity and Venture Capital, presents four potential scenarios for global economic development over the coming decade and the impact these will have on the development of the private equity industry.
AUSTRIA - Buy_Out CE II acquires Chemson Polymer-Additive
Buy_Out Central Europe II Beteiligungs-Invest AG has acquired Chemson Polymer-Additive AG, a manufacturer of polymer additives that are used during production of PVC, for an undisclosed amount.
EUROPE - Jonathan Russell appointed new EVCA chairman
The board of the EVCA has elected Jonathan Russell, managing partner of buyouts at 3i, as its new chairman for the year 2008-2009.