DACH
GERMANY - bm-t invests in Lalisio GmbH
bm-t beteiligungsmanagement thüringen gmbh has acquired a 25% stake in German online network Lalisio GmbH. The invested amount has not been disclosed. bm-t has supported the growth of the company since 2006.
SWITZERLAND - GlycoVaxyn receives CHF 11.5m
Sofinnova Partners and Index Ventures have provided Swiss biotech company GlycoVaxyn with CHF 11.5m of series-A funding. GlycoVaxyn is developing the next generation of conjugated vaccines (antigenic sugar/protein complexes) which target bacterial infections....
AUSTRIA - GCP appoints Christian Lutz as new venture partner
Christian Lutz has joined gamma capital partners as a venture partner. Lutz has more than 15 years of experience in the internet, media and telecommunication sectors. Prior to joining GCP, he was the general manager Europe for software company Qpass,...
GERMANY - Neuhaus Partners backs ICS
Neuhaus Partners has invested in internet startup company ICS Internet Consumer Services. The funding will be used to develop ICS’s latest web 2.0 project, verwandt.de. The invested amount has not been disclosed but it is understood to be in the million...
EUROPE - Balderton Capital invests in TvTrip.com
Balderton Capital has invested EUR 3.5m in TVtrip.com alongside Partech International. Balderton Capital was formerly known as Benchmark Capital Europe.
SWITZERLAND - Madison Private Equity exits SimilorGroup
Madison Private Equity has sold Swiss sanitary faucets manufacturer SimilorGroup to the Spanish Roca Group. The transaction value has not been disclosed. Since 2002, Madison Private Equity had gradually increased its ownership in Similor from the founding...
AUSTRIA - EK Fin invests in Vienna Acoustics
EK Mittelstandsfinanzierungs AG (EK Fin) together with Eucoma Consumer Goods GmbH has backed the owner buyout of speaker manufacturer Vienna Acoustics. Previous company owner Renate Köberl remains invested in the company.
GERMANY - UTT Group changes hands
DZ Equity Partner has backed the management buyout of German textile manufacturer UTT Technische Textilien Group from BPE Private Equity. The transaction value has not been disclosed. The UTT management team reinvested and now holds a 51% stake in the...
EUROPE - EVCA defends private equity at European Parliament Forum
At the European Parliamentтs Financial Services Forum last night, EVCA secretary general, Javier Echarri, strongly defended the role and wider function of Private Equity. тThose who demonise Private Equity should consider the law of unintended consequences...
EUROPE - EVCA changes address
EVCA (the European Private Equity & Venture Capital Association) moves to the centre of Brussels, close to the Parliament and Commission offices, at the end of this week. EVCAтs new address will be: Bastion Tower Place du Champ de Mars, 5 1050 BRUSSELS....
AUSTRIA - Capital Management Partners exit Unterland
Capital Management Partners, a turnaround specialist, has sold Unterland Flexible Packaging AG to Mondi Plc. The value of the transaction is said to be EUR 76m.
GERMANY - Hörmannshofer changes hands
BayernLB has acquired German insulation specialist Hörmannshofer from AXA Private Equity. The transaction value has not been disclosed. Management also invested and hold a minority stake. In 2002, AXA Private Equity and management acquired Hörmnannshofer...
EUROPE - H1 buyout deal volume up in UK and France, down in Germany
Buyout deal volume in France and the UK in H1 2007 was up on the figures for both 2005 and 2006, although German volume has slowed this year against 06. According to preliminary data from Unquote"/Private Equity Insight, 102 deals have been completed...
GERMANY - Industi Kapital sells DSI to CVC
Industri Kapital has sold DYWIDAG- Systems International (DSI) to CVC Capital Partners for an undisclosed sum. Industri Kapital acquired DSI in 2005 from the insolvent Walter Bau AG and subsequently pursued a buy-and-build strategy.
EUROPE - No end in sight for large buyouts
тDeal sizes are increasing more quickly than fund sizes,т said John Barber, managing partner at Citi Private Equity at a luncheon today. Though more prevalent in the US than in Europe, the phenomenon should allow the record fundraisings to find suitable...
GERMANY - Nanotron closes EUR 10m round
zouk ventures, a London venture capitalist specialising in cleantech, has led a EUR 10m funding round in German Nanotron Technologies. Other investors committing to the round are Polytechnos, Danfoss, and IBB Beteiligungsgesellschaft - VC Fonds Berlin....
GERMANY - Eschenbach Optik changes hands
Barclays Private Equity has acquired German supplier of spectacle frames form HANNOVER Finanz and the Eschenbach family. The transaction value has not been disclosed, but Barclays Private Equity will hold a 70% stake in the company with management acquiring...
GERMANY - Jefferies to open Frankfurt office
Global investment bank and institutional securities firm Jefferies is to open a new office in Frankfurt. The German office will be co-led by managing directors Richard Markus and Warren Scott, who are joined by fellow managing directors Martina Ecker,...
GERMANY - ECM acquires Sodawerk Staßfurt
ECM Equity Capital Management has acquired Sodawerk Staßfurt GmbH & Co KG from Sodawerk Staßfurt Verwaltungs-GmbH and BVT Sodawerk Staßfurt GmbH & Co. Beteiligungs-KG, Munich. The transaction value has not been disclosed. The company's management also...
GLOBAL - KKR to float
KKR is to follow in the steps of its rival Blackstone by floating on the New York Stock Exchange. KKR filed an initial public offering registration with the SEC on Tuesday and will seek to raise $1.25bn in new capital from the flotation. However, unlike...
GERMANY – Steady debut for EQT's Tognum AG
Following the cold reception on its first day of listing on the Frankfurt Prime Standard on Monday 2 July, Tognum shares have now risen to almost EUR 25. Joint global coordinators and joint bookrunners, Deutsche Bank and Goldman Sachs were mandated to...
GERMANY - Venture capitalists back cellity AG
Neuhaus Partners, Mangrove Capital Partners and BrainsToVentures have invested in Hamburg-based developer of mobile internet applications cellity. The invested amount has not been disclosed. The fresh capital will accelerate the company’s growth and its...
GERMANY - BVK announces PR initiative
A collection of private equity heavyweights, alongside the BVK, have announced an initiative designed to explain the benefits of private equity to a wider stakeholder base. The Large Buyout Group will commission indepedent reports on the economic impact...
GERMANY - Takko changes hands for EUR 770m
Advent International has acquired a majority stake in German fashion discount chain Takko from Permira for a total consideration of EUR 770m. Takko’s management team, which also invested, will hold a minority stake. In 2000, Permira, then Schroder Ventures,...