DACH
GERMANY - bmp invests in Brand New World
bmp has acquired a 10% stake in interactive mobile gaming provider Brand New World, after participating in a EUR 3.15m financing round. Other investors committing to the round are KfW, Creathor Venture, TiBi, Mountain Partners, as well as Business Angels,...
AUSTRIA - BAWAG looking to serve Cuban customers
Cerberus Capital Management portfolio company BAWAG PSK is said to be exploring the possibility of obtaining the permission from US authorities to serve Cuban customers.
GERMANY - Blackstone under fire from unions
According to German press, the umbrella trade union UNI Global Union is threatening to stop investing in the Blackstone Group’s funds, in case the financial investor continues to support the plans of Deutsche Telekom to outsource 50,000 jobs. According...
GERMANY - DZ Equity Partner exits KUMAgroup
DZ Equity Partner has sold its stake in German IT solutions provider KUMAgroup to WaBeKu GmbH. The transaction value has not been disclosed. The financial investor had acquired the stake at the end of 1998 from the company’s founders.
EUROPE - ECB survey says private equity poses limited systemic risk to banking sector
European leveraged buyout activity poses a limited systemic risk to the European banking sector, says a report by the Banking Supervision Committee of the European Central Bank.
EUROPE – US interest in European offers co-invest opportunities but increases valuations
тThe sign of a bubble is when the IPO market goes from push to pull,т said Gerard Lopez this morning at the Benelux unquote" Private Equity Congress in Luxembourg. The Skype backer explained that valuation levels are increasing and cited the example that...
EUROPE – Pipeline of EUR 10bn funds
There is a pipeline of mega funds coming to market in the coming months, according to Stef Oostvogels at law firm Oostvogels Pfister Roemers, speaking at the Benelux unquote" Private Equity Congress in Luxembourg this morning. He indicated that many are...
AUSTRIA - capiton exits Trenkwalder Personaldienste
caption AG has sold its stake in temporary staffing company Trenkwalder Personaldienste AG to the Trenkwalder Private Foundation. The transaction value has not been disclosed. caption had acquired a minority stake in Trenkwalder at the beginning of 2003....
GERMANY - Advent International recaps Vinnolit
Advent International has completed a EUR 495m refinancing of German chemicals company Vinnolit. Dresdner Kleinwort has been mandated as sole bookrunner to arrange the senior debt facilities. The refinancing has been driven by the Vinnolit’s continuous...
GERMANY - GANYMED receives EUR 33.7m financing
GANYMED Pharmaceuticals AG has closed an EUR 33.7m series C financing round led by Venture Incubator Partners. Other investors committing to this round are Future Capital, Ingro Finanz, LVVW, MIG, Nextech, ONC Partners, Varuma and a consortium of Swiss...
EUROPE - unquote'' Benelux Private Equity Congress
unquoteт is excited to bring you the second unquoteт Benelux Private Equity Congress, on 19 April 2007 in Luxembourg.
GERMANY - Tank & Rast up for sale
It has been reported that Terra Firma Capital Partners is considering selling German motorway service station company Tank & Rast. Citibank has been appointed to arrange a sales process, which reportedly could attract offers of up to EUR 2bn. Terra Firma...
GERMANY - Arques buys van Netten
Arques Industries AG has acquired confectionery firm van Netten GmbH from Zuckerfabrik Jülich AG. Within the context of the transaction, Arques acquires, among other things, an almost 100,000 square meters large property on which storage and production...
GERMANY - DZ Equity Partner invests in Zarges Tubesca
DZ Equity Partner has announced it has acquired a minority stake in European manufacturer of aluminium-based platform and elevator systems Zarges Tubesca Group from Granville Baird Capital Partners. Granville Baird had recently acquired the company from...
GERMANY– Odewald and Bain sell 2D to Quadriga
Following a three year holding period, Odewald and Bain Capital have sold their investment in German decorative papers printer 2D Holding to Quadriga Capital. 2D is a global printing and treating specialist for decorative paper for flooring and furniture...
GERMANY - Flex Group changes hands
AXA Private Equity has acquired German manufacturer of hand-held power tools from New York based investment advisor GSO Capital Partners. The management team led by Jörg Kempfing and Dr Josef Kring also invested and will holds a minority stake in the...
GERMANY - Siemens Venture Capital exits portfolio to Cipio Partners
Cipio Partners has acquired a portfolio of venture capital investments from Siemens Venture Capital. Terms of the transaction have not been disclosed. However the portfolio includes all assets of the Siemens Venture Capital Communications Fund, which...
GERMANY - Essmann Group changes hands
Quadriga Capital has acquired the Essmann Group for EUR 110m from Taros Capital. Quadriga Capital will take a majority stake in the company, with management that also invested holding the balance. Taros Capital had acquired Essmann in 2000.
GERMANY - Pace raises EUR 3m
eCapital has led a EUR 3m financing round in high-end engineering software developer Pace GmbH. IBB Beteiligungsgesellschaft and Strategic European Technologies also participated in the round.
GERMANY - HgCapital exits Hirschmann Car Communication
HgCapital has sold European automotive supplier Hirschmann Car Communication GmbH to its management for an undisclosed amount.
AUSTRIA - Boehler-Uddeholm negative on CVC offer
According to statements in the press, Boehler-Uddeholm’s management has told its key shareholder group led by Austrian Rudolf Fries to turn down a potential offer from CVC Capital Partners. Previously CVC said it had come to an agreement with the group...
GERMANY - Odewald & Compagnie acquires IWKA Packaging
The board of the IWKA group has decided by seven votes to five, to sell its packaging division to Odewald & compagnie for EUR 255m. The outcome had been expected although the worker’s union had preferred Italian strategic investors Coesia.
AUSTRIA - UC4 Software acquires AppWorx
The Carlyle Group portfolio company UC4 Software GmbH has acquired software company AppWorx Corporations. The transaction value has not been disclosed but Carlyle provided UC4 with fresh capital to finance the acquisition. Following completion of the...
GERMANY - VITA 34 International floats on Prime Standard
SHS portfolio company Vita 34 has listed 600,000 new shares on the Prime Standard at an issue price of EUR 15 per share. Concord Effekten AG acted as the sole global coordinator with N M Fleischhacker AG being the underwriter.