DACH
Q&A - Before the thaw
Stuart Hewer, new head of leveraged finance for Germany at RBS, admits that his pipeline is sluggish. But the worst of it is over and that a recovery should be expected in early 2009. Mareen Goebel reports
Not mezz-ing around
Now that the door has firmly shut on cheap debt and new types of junior products, mezzanine has a way into capital structures again. But it still faces competition and challenges in today's market. Linn Ronning speaks to mezzanine specialists to find...
Playing on strengths
The DACH region is well set to benefit from a venture renaissance. Already, DACH comes second in Europe after the UK in terms of value and number of transactions (see cover). As more LPs and funds seek to invest in cleantech, green tech and renewable...
EUROPE - Mezz cashes in on new markets
One man’s loss is another man’s gain and nowhere is this clearer than in the subordinated debt market right now. Anecdotal evidence suggests the layer is set for its headiest days yet, with mezzanine now accounting for up to 2x EBITDA on average in...
GERMANY - Buchanan Capital Partners acquires Aqua Vital
Buchanan Capital Partners has acquired a majority stake in water dispenser company Aqua Vital Quell- und Mineralwasser GmbH from the owner, Peter Lázár, for an undisclosed amount.
GERMANY - Finatem exits Steudle Holding GmbH
Majority shareholder Finatem, together with Invest Equity and the management, has realised its investment in electrical contacts manufacturer Steudle Holding GmbH in a sale to a consortium of investors for an undisclosed sum.
GERMANY - Capital Dynamics co-investment team reaps 20x returns from TGE float
Capital Dynamics' co-investment team has exited a substantial portion of its stake in TGE Marine AG, a provider of engineering solutions to the offshore gas industry, through a listing on the London Stock Exchange's AIM market, which raised around £67m...
GERMANY – JC Flowers launches public tender offer for Hypo Real Estate
JC Flowers has launched a EUR 1.1bn public tender offer for German Hypo Real Estate, representing 24.9% of the company’s capital, which will remain open until 23 June.
GERMANY - Hogan loses two partners
According to reports, Hogan & Hartson's Munich office will lose two partners at the end of the month.
EUROPE – Capricorn closes EUR 100m fund
Capricorn Venture Partners has closed its third venture capital fund, Capricorn Cleantech Fund, on EUR 100m.
GERMANY - BPE Private Equity promotes two partners and expands team
BPE Private Equity has announced that two of its longstanding investment professionals, Jens Achilles and Stephan Gummert, have been appointed as partners. The investment team will also be expanded in June by the addition of Nikolai Mackscheidt.
GERMANY - Shareholders invest in HSH Nordbank
According to reports, the shareholders of HSH Nordbank have agreed to increase the capital of the bank with an equity injection of EUR 1.26bn.
SWITZERLAND/CEE – PEF invests EUR 35m in PharmaSwiss
Polish Enterprise Fund VI (PEF), a private equity partnership managed by Enterprise Investors, has invested EUR 35m into PharmaSwiss SA, a provider of support services to the pharmaceutical industry and portfolio company of HBM BioVentures.
GERMANY - LSP sells U3 Pharma AG for EUR 150m
Life Sciences Partners (LSP) has entered into an agreement with Daiichi Sankyo Co Ltd that will see portfolio biotechnology company U3 Pharma AG sold for EUR 150m.
EUROPE - Nomura raising new EUR 400m mezzanine fund
The European arm of Japanese Investment bank Nomura has begun raising a new EUR 400m mezzanine fund for Europe.
GERMANY - Equity Partners backs MBO of Nokia unit
Equity Partners GmbH has, together with the manager Razvan Olosu, signed an agreement to acquire Nokia's line fit automotive business for an undisclosed amount. The company will be held by newco novero GmbH.
GERMANY - Ashurst bolsters loan markets teams
Ashurst has appointed Anne Force as a partner in its Frankfurt-based Loan Markets Group.
GERMANY – Target Partners and BayTech lead USD 4.5m ChipVision funding
Target Partners and BayTech Venture Capital have led an internal USD 4.5m Series-B funding round for ChipVision Design Systems, a provider of low-power electronic design automation solutions.
GLOBAL - Lionhart to raise at least $500m for private equity fund
London-based hedge fund Lionhart has launched its debut private equity fund, Lionhart Talon, which will initially seek to raise $500m.
GERMANY - Neuhaus Partners invests more in anti-spam firm
Neuhaus Partners has increased its stake in antispameurope GmbH, a provider of managed email security services.