DACH
The sleeping giant stirs
For years, Germany has been viewed as the sleeping giant - at least in terms of potential for private equity investments. Many GPs see vast potential, but the country has so far not quite lived up to these expectations. Then came the credit crunch, and...
GERMANY – Permira considers Debitel sale
According to reports in the German press, Permira may exit portfolio telecommunications company Debitel via a trade sale to rival Freenet. The purchase price is rumoured to be between EUR 1.4bn and 1.5bn.
GERMANY - Consortium raises EUR 25m for Pieris
Healthcare-dedicated fund OrbiMed Advisors LLC has led a EUR 25m Series B round for Pieris AG, a bio-pharmaceutical company. All existing investors participated in this financing round including Novo Nordisk and Gilde Healthcare Partners.
GERMANY – High-Tech Gründerfond leads seed round
High-Tech Gründerfond along with business angels and strategic investor Vita 34 AG has led a seed financing round for Urotec GmbH, a tissue engineering company.
GERMANY – Neuhaus Partners sells blau Mobilfunk
Neuhaus Partners, together with the founders and other investors has agreed to sell blau Mobilfund GmbH to Dutch telecommunications company KPN. The price is rumoured to be in the range of EUR 80m to 100m.
GERMANY - Nordwind Capital in double automotive deal
Nordwind Capital has acquired ISE Innomotive and ISE Industries from insolvency administrator Christopher Seagon for an undisclosed amount. The transaction also includes the subsidiaries Automotive Group ISE Industries Hainichen GmbH and subsidiaries...
GERMANY - Cerberus rumoured to be Siemens subsidiary buyer
According to the German press, Cerberus is most likely to acquire Siemens AG's Siemens Enterprise Networks unit.
AUSTRIA - Recap acquires Sariana
Recap Management has acquired lingerie company Fashion GmbH. Sariana went into insolvency in autumn 2007 and was acquired by Steierische Beteiligungsgesellschaft STUG as a bridge owner.
GERMANY - Syndicate in seed financing for InflaRx
Swiss business platform Affentranger Associates, alongside bm-t beteiligungsmanagement thüringen gmbh, has provided seed financing to biotechnology company InflaRx GmbH.
AUSTRIA - Adcuram sells Battenfeld Group
Adcuram and the liquidator of Battenfeld Group have agreed to sell Battenfeld Group to Austrian company Wittmann.
GERMANY - Square Four Investments acquires Erich Rohde KG
Square Four Investments has, together with investment bank Morgan Stanley, acquired insolvent Erich Rohde KG Schuhfabriken, a shoe manufacturer, for an undisclosed amount.
EUROPE - Bain Capital closes EUR 3.5bn buyout fund
Bain Capital has closed its third European buyout fund with a total of EUR 3.5bn in commitments.
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.