DACH
GERMANY - ALNO AG receives new equity from GermanCapital
German kitchen manufacturer ALNO AG has increased its capital stock by 1,047,463 new shares at an issue price of EUR 7.78. Küchen Holding GmbH, a company advised by GermanCapital has subscribed to all newly issued shares for a total value of approximately...
GERMANY - Triton acquires SMS businesses
Triton has acquired a portfolio of companies supplying plastics processing machinery in the field of pipe and profile extrusion as well as film and sheet extrusion technology from SMS Kunststofftechnik. The companies comprise Battenfeld Extrusiontechnik,...
GERMANY - Carlyle looking at Merck generics unit
The Carlyle Group is rumoured to be considering a bid for the generics business of German Chemical-pharmaceutical company Merck. The sale of the division is expected to attract further private equity firms, with Bain Capital, Apax Partners, KKR and Warburg...
GERMANY - EUR 3.5m funding for Exit Games
Media group Bertelsmann, and private equity firms Neuhaus Partners and smac partners have made an investment in Hamburg-based Exit Games.
GERMANY - Silver Lake interested in SAP
According to speculation in the German press, US financial investor Silver Lake is looking to acquire a stake in German listed business solutions provider SAP. Reports suggest that JP Morgan has been mandated to advise the private equity house. Silver...
GERMANY - Bridgepoint acquires Dragenopharm
Bridgepoint has acquired a majority stake in generic drugs contract manufacturer Dragenopharm Apotheker Püschl GmbH for an undisclosed amount.
GERMANY/FRANCE - Germany and France to become top destinations for PE funds
According to a study published on Monday by PricewaterhouseCoopers, Germany and France are shaping up as the top destination for private equity funds over the next five years. Out of 98 mainly European fund managers based outside Germany, 39% indicated...
GERMANY - White & Case strengthens Frankfurt team
White & Case has appointed Dr Benedikt Gillessen as partner to join its Capital Markets team in Frankfurt from March 2007. Gillessen joins from Freshfield Bruckhaus Deringer where during his eight year tenure he focused on equity capital markets and especially...
GERMANY - Springer Science to float
It is rumoured that Cinven and Candover are looking to float Springer Science & Business Media with a valuation of more than EUR 2bn. Investment banks Goldman Sachs, ABN AMRO and UBS are said to have been appointed to prepare the company for a stock market...
GERMANY - GEP acquires VARTA Microbattery
Global Equity Partners has acquired VARTA Microbattery GmbH from VARTA AG for EUR 30m. Two new managing directors will support the company’s management to further expand and promote its current strength.
GERMANY - EQT acquires German fashion group from Apax and Cinven
EQT V has agreed to buy 100% of German fashion group CBR Holding GmbH (CBR) from Apax and Cinven.
GERMANY - Earlybird strengthens technology team
Earlybird has appointed Gayathri Radhakrishnan as an associate focusing on technology investments. In addition, the venture capital firm has brought the total number of partners to six by promoting Wolfgang Seibold and Thom Rasche.
GERMANY - APCOA changes hands for EUR 885m
Investcorp has sold pan-European manager of parking services APCOA to Eurazeo for an enterprise value of EUR 885m. In the summer of 2004, Investcorp acquired 98.26% of APCOA Parking AG from Salamander AG, a subsidiary of EnBW Energie Baden Württemberg...
GLOBAL - Bear Stearns acquires private equity placement agent
Bear Stearns has strengthened its private equity fundraising services with the acquisition of Crane Capital Associatesтs fund placement business.
GERMANY - Doughty Hanson sells Maximilianhöfe for EUR 270m
Doughty Hanson & Co Real Estate, a European real estate fund manager, has sold Maximilianhöfe, a flagship property on Munich’s Maximilianstrasse, for €270m to Quinlan Private. The site was acquired in March 2000 from the Free State of Bavaria by Doughty...
US - Blackstone buys Equity Office for $39bn in world's largest buyout
The Blackstone Group has secured the worldтs largest leveraged buyout, agreeing a $39bn price (ТЃ20.2bn) for Equity Office, the biggest office landlord in the US. Blackstone won the deal after fending off competition from real estate investment trust...
GERMANY - immatics receives EUR 40m
Biopharmaceutical company immatics biotechnologies GmbH has received EUR 40m in a second round of financing from a consortium of investors. This includes previous investors Wellington Partners and 3i, but also new investors National Technology Enterprises...
GERMANY - 25% stake in Hochtief up so sale
Rothschild is reported to have been mandated with the sale the 25% holding of billionaire August von Finck in international construction group Hochtief. Strategic as well as financial investors are said to have already approached the French investment...
GERMANY - Strong interest in Landesbank Berlin
It is reported that 19 parties have declared an interest in bidding for the city of Berlin’s 81% stake in Landesbank Berlin. The city has not identified potential bidders but it is said that they include German and foreign banks, as well as private equity...
EUROPE - Return expectations of private equity investors reach record levels
The return expectations of private equity investors have strengthened significantly over the last 12 months т almost half of LPs are now forecasting medium-term returns of 16%+, according to Coller Capitalтs latest Global Private Equity Barometer, compared...
GERMANY - DZ Equity Partners buys Bader Group
DZ Equity Partner GmbH and company management have acquired the Senden-based Bader Group. The transaction was supported by a senior debt package provided by IKB Deutsche Industriebank AG.
GERMANY - Advent International portfolio company makes acquisition
Advent International’s portfolio company CASA REHA Holding GmbH has announced that it has acquired fellow nursing home group Unternehmensgruppe Sozialkonzept GmbH. The transaction value has not been disclosed.
GERMANY - Rademacher Group changes hands in secondary transaction
In a secondary buyout, NORD Holding Unternehmensbeteiligungsgesellschaft has acquired the Rademacher Group from ARCADIA. Management also invested and will hold a minority stake. The transaction value has not been disclosed.
GERMANY - Venture capitalists exit Xignal Technologies
Benchmark Capital Europe, Atila Ventures, BayTech Venture Capital and STAR Ventures have exited their stakes in German data converter developer Xignal Technologies via a sale to US-based National Semiconductor Corporation. The venture capitalists had...