DACH
GERMANY -Techem takeover bid fails
Australian financial investor Macquarie Bank and BC Partners have failed to win shareholder support for their bid to buy German utility billing specialist Techem. On 11 January the two financial bidders combined their offers for EUR 55 per Techem share,...
GERMANY - New investment analyst at Waterland
Waterland Private Equity Investments has appointed Michael Krall as investment analyst in order to support the German activities. Krall finished his studies in business management in 2006, specialising in corporate finance and strategic management at...
GERMANY - KKR and Permira launch public offer for ProSiebenSat.1
A consortium comprising Kohlberg Kravis Roberts & Co and Permira has made a public cash offer for the remainder of the publicly traded shares of German broadcaster ProSiebenSat.1 Media AG. The financial investors are paying EUR 22.45 for each preferred...
GERMANY - P21 receives series-C funding round
Target Partners has participated in a series-C financing round of fuel-cell technology company P21 GmbH. Other investors include Conduit Ventures Ltd and Goldman Sachs. The financing will be used to fund the company’s growth and international product...
GERMANY - HgCapital sells Hirschmann Automation and Control
HgCapital has sold two subsidiaries of the Hirschmann Group, Hirschmann Automation and Control GmbH, to US company Belden for EUR 245m. The transaction is expected to close in mid-March.
GERMANY - Blackstone and Carlyle court Merck
The Blackstone Group and the Carlyle Group are said to be interested in acquiring Merck’s generic business. Both financial investors are believed to be in advanced talks with Indian pharmaceutical companies Ranbaxy and Cipla in order to partner up for...
GERMANY - Triangle invests in iPharro
Triangle has invested EUR 4m in iPharro Media GmbH, a spin-off from the Fraunhofer Institute for Computer Graphics located in Darmstadt. The funding will enable the company, which has developed software to identify videos much faster than in real time,...
AUSTRIA - Pontis invests EUR 2.5m in Lixto Software
Pontis Venture Partners has invested in Vienna-based software company Lixto Software GmbH. Following its EUR 2.5m investment, the venture capitalist will hold a minority stake in the company.
GERMANY - Baird Capital sells Hahl
Baird Capital Partners Europe has announced the sale of Munderkingen-based Hal to Lenzing Plastics GmbH for an undisclosed amount. The financial investor had acquired Hahl in a management buyout in April 2003 from its US-based parent company.
GERMANY - Baird Capital acquires Zarges Tubesca
Baird Capital Partners Europe has acquired the Zarges Tubesca Group from funds advised by Taros Capital for a total consideration of EUR 156m. Baird intends to grow the company, together with the incumbent management team, organically and through further...
GERMANY - Second profit warning at Deutsche Telekom
Deutsche Telekom AG, in which the Blackstone Group holds a 4.5% stake, has issued a second profit warning in six months. The company is blaming fierce competition in Germany and the weak US dollar for a cut of up to EUR 1.2bn from 2007 forecasts. Europe's...
GERMANY - New appointment at German Capital's ALNO
German Capital owned kitchen manufacturer ALNO AG has appointed Hans-Peter Haase as new chairman of the supervisory board. He succeeds Dr Walter Döring, who resigned after more than two years.
EUROPE - Advent International announces global promotions
Advent International has announced the promotion of 13 members of its global investment team.
GERMANY - Lindsay reduces stake in Klöckner
Following the IPO of Klöckner & Co AG in June 2006, US private equity investor Lindsay Goldberg & Bessemer has sold a further 29% stake in the German steel trader. 13.8 million shares were sold at EUR 33 each, valuing the transaction at EUR 455m. Deutsche...
GERMANY - Fresh funding for Sulfurcell
Sulfurcell Solartechnik GmbH has completed its latest financing round. The funding will be used for product development as well as expansion of the company’s production capacity. New investor Masdar Clean Tech Fund LP, managed by Credit Suisse, New York,...
EUROPE - European Buyout Review shows 2006 record year for private equity
2006 was a record year for European buyouts with the total value of deals topping over EUR 160bn for the first time ever, according to the latest European Buyout Review due to be published in March 2007 by Incisive Media in association with Bridgepoint....
GERMANY - AFINUM exits portfolio to AVIDA
Deutsche unquote" can exclusively report that AFINUM Management has sold a portfolio of four mid-cap companies to AVIDA Group, Düsseldorf, for an undisclosed amount. The sale means a full exit of AFINUM’s portfolio companies Holmer Maschinenbau GmbH,...
GERMANY - 3i divests Bornemann Pumps
3i has sold its 40% stake in German manufacturer of displacement pumps, Bornemann Pumps to BWK GmbH Unternehmensbeteiligungsgesellschaft and the Bornemann family. The value of the transaction has not been announced.
GERMANY – Klastech raises EUR 2.1m
German start-up Klastech Karpushko Laser Technology GmbH has received EUR 2.1m as part of a series-A funding round led by Triangle Venture Capital Group. The financing will be used to build up international sales and marketing for the company as well...
GERMANY - bm-t invests in Analytik Jena AG
bm-t beteiligungsmanangement thüringen GmbH has invested EUR 1m in manufacturer of high performance and analytical instruments Analytik Jena AG. Following its investment the venture capitalist will hold a 3% shareholding in the company.
GERMANY - Finatem announces three investments
Finatem Beteiligungsgesellschaft has announced three investments from its latest fund Finatem II. The financial investor has acquired the Schwinn Group as part of a management buy-in as well as Deutsche Notrufzentralen und Sicherheitsdienste Holding GmbH...
GERMANY - Granville Baird acquires Zarges Tubesca
Granville Baird Capital Partners Advisers has acquired Zarges Tubesca from Taros Capital for a total consideration of EUR 156m. The management also reinvested in the company and will hold a minority stake.
GERMANY - Partech invests in video-games search engine
Partech International has led a EUR 6m second round of funding in international video-games search engine Wazag.
SWITZERLAND - 4-Antibody raises CHF 17m series-A financing round
4-Antibody AG has received a CHF 17m series-A financing round led by new investor Advent Venture Partners, together with existing lead investors Life Sciences Partners (LSP) and BioMedinvest AG. All other existing investors Grazia Equity, Mulligan Biocapital...