DACH
Off to a fresh start
The new year is bringing new challenges. New laws came into effect on 1 January in Germany and similar legislation is being worked on in Austria
GERMANY - Klaus Weber to head 3i's growth capital team
Klaus Weber has joined 3i to head its growth capital team in Frankfurt. He succeeds Andreas Kochhäuser, who will leave the company. Prior to this role, Klaus Weber was head of acquisition finance for French bank Calyon in Frankfurt, following various...
GERMANY - DZ Equity acquires melvo GmbH in a management buyout
DZ Equity Partner GmbH has acquired, together with the management, a 49% stake in footwear care products company melvo GmbH from HANNOVER Finanz for an undisclosed sum. Melvo GmbH was founded in 1998 as a subsidiary of shoe manufacturer Salamander Group...
SWITZERLAND - LPX launches new private equity index
LPX, the Swiss-based publisher of research and indices on global listed private equity, has launched a new index, LPX Direct, created in partnership with Bank Julius Baer & Co. Ltd. LPX Direct is LPX’s twelfth private equity index and covers only those...
GERMANY - Mid-market buyouts unscathed by finance crisis
According to a statement issued by Deutsche Beteiligungs AG, activity in the mid-market buyout space in Germany is unbroken and is evidently unimpeded by the liquidity crisis. Market data issued today supports this: 35 transactions were recorded in 2007,...
GERMANY - Kottmann to stand for election to supervisory board of Deutsche Beteiligungs
Dr Hariolf Kottmann has been nominated to stand for election to the supervisory Board of Deutsche Beteiligungs AG at the Annual Meeting on 14 March 2008. He is to replace Mr Walter Schmidt, who announced his resignation from the board and will leave his...
EUROPE - Investcorp Technology Fund exceeds target by $100m closing on $500m
Investcorp Technology Partners (ITP) has completed the fundraising for its latest vehicle Investcorp Technology Partners III (ITP Fund III) raising $500m. The final close exceeded the fund's initial target of $400m and beats the $300m raised for ITP Fund...
SWITZERLAND – Carlyle acquires KSC.net
The Carlyle Group has acquired, in partnership with management, KCS.net Holding AG, an Enterprise Resource Planning solution (ERP) vendor in an all-cash transaction.
DACH - Ventizz Capital Fund IV closes on EUR 450m
Ventizz Capital Partners has closed Ventizz Capital Fund IV LP with EUR 450m of total commitments, making the fund one of the largest private equity vehicles for the DACH region. Raised in approximately six months, the fund closed above its initial EUR...
GERMANY - TVM Capital backs Riemser Arzneimittel AG
Munich and Boston-based TVM Capital has invested an undisclosed sum in Riemser Arzneimittel AG. TVM Capital now holds 10% of the Riemser AG shares. TMV Capitals plans to help transition and grow Riemser Arzneimittel AG into an international corporation....
EUROPE - Index closes first ventures growth fund on EUR 400m
Index Ventures has closed its latest fund Index Ventures Growth I LP on EUR 400m. The fund was formed to address the market opportunity created by the maturation of Europe’s start-up industry and the movement of traditional late-stage investors into...
GERMANY - High-Tech Gründerfonds backs start-up Immunservice
High-Tech Gründerfonds has provided seed financing for Immunservice GmbH, a start-up which develops immune biomimetic hormones for drug testing. The seed financing enables the company to optimise production of its lead product Pulmoleukin to industrial...
The problem with sovereign wealth funds
Stuart Mills considers the impact of Sovereign Wealth Funds on the private equity market.
GERMANY/BELGIUM- Buchanan Capital Partners’ portfolio company Dehler makes acquisition
Buchanan Capital Partners’ portfolio company Dehler has acquired Belgian company ETAP Yachting for an undisclosed sum from the owner family. Through its Buchanan Unternehmer-Fonds I, Buchanan Capital Partners acquired a minority stake via a capital...
GERMANY – Holtzbrinck Ventures and European Founders Fund invest in AdScale
Holtzbrinck Ventures and European Founders Fund invested a medium seven figure sum in AdScale in a second round of financing. The size of the first financing round – to which Oliver Jung and Lukasz Gadowski contributed – is undisclosed. AdScale is...
GERMANY/NETHERLANDS – Triangle invest EUR 4.1m in German/Dutch iOpener
Triangle Venture Capital Group has raised EUR 4.1m in seed financing for real-time game engine company iOpener. Its first product is based on innovations from the European Space Agency, which allow the efficient transmission of telemetric data from a...
GERMANY - High-Tech Gründerfonds invests in search tools company kinkaa.de
High-Tech Gründerfonds GmbH & Co. KG and other investors invested in kinkaa Search Tools GmbH. The company is based in Frankfurt and Palo Alta, Silicon Valley, and operates kinkaa.de, an Internet meta search engine specialised on travels. The search...
GERMANY – Gruenderfonds Bielfeld-Ostwestfalen closes first investment
e-Capital advised Gruenderfonds Bielefeld-Ostwestfalen has joined KfW and High-Tech Gruenderfonds in investing an undisclosed sum in Divolution – Digital Revolution Technology GmbH. Divolution, based in Detmold, offers web analysis, testing and targeting...
GERMANY - Business angels invest six figure sum in drug portal apomio.de
Business angels Lukasz Gadowski and Oliver Jung have invested a six figure sum in apomio GmbH, which runs an independent online portal for price comparisons of drugs, care and food products. The company is set to capitalise on changes in the legal framework...
GERMANY - SHS appoints new senior manager
Tübingen-based SHS Gesellschaft für Beteiligungsmanagement has appointed Stephan Rapp as a new senior manager. The financial analyst with a doctorate in biochemistry has previously managed the field of business development as managing director of the...
GERMANY/NETHERLANDS - Triangle Venture Capital Group leads EUR 4.1m funding for iOpener
Triangle Venture Capital Group has led a EUR 4.1m investment in iOpener. iOpener has developed a technology to map real-world competitions such as Formula 1 to an artificial world, allowing gamers to participate in the race virtually and in real time....