DACH
GERMANY - BayBG invests in biotech company
Venture capital investor BayBG Bayerische Beteiligungsgesellschaft mbH has invested an undisclosed amount in CANDOR Bioscience GmbH, a supplier and service provider for GLP laboratories and pharmaceutical industry. The company will use the new capital...
GERMANY - BC Partners teams up with Macquarie
In a surprise move BC Partners is said to have joined forces with Macquarie on the buyout of German utility billing specialist Techem, having previously bid against the Australian investor. Macquarie is favoured to acquire Techem, having topped BC Partner’s...
GERMANY - Wyser-Pratte invests in Balda
Financial investor Wyser-Pratte has acquired a 5.39% stake in German mobile phone components supplier Balda AG. Previously the company has been targeted by hedge fund Audley Capital, which in September 2006 made a public tender offer for the company for...
GERMANY - BaFin warns banks
The head of the German financial supervisory authority BaFin, Jochen Sanio, is reported to have warned of the threat to the country’s banks posed by leveraged buyouts. Sanio mentioned that companies targeted in private equity deals run the risk of collapsing...
GERMANY - Faegre & Benson boosts Frankfurt office
Law firm Faegre & Benson has hired corporate partner Markus Wenserski from fellow US firm Willkie Farr & Gallagher to join its Frankfurt office. Wenserski specialises in private equity and M&A and had been a partner at Willkie since 2004.
GERMANY - Allianz Capital Partners to increase investment activity
Allianz Capital Partners is reported to look to invest up to EUR 1bn in the next 18 months. Market rumours suggest that the financial investor is involved in and close to signing two transactions with a combined equity value of EUR 300m in the next few...
GLOBAL - SJBerwin loses three partners to Kirkland & Ellis
SJ Berwin LLP has announced that three private equity partners, Mark Mifsud, Richard Watkins and Justin Dolling, will move to rival law firm Kirkland & Ellis LLPтs fund formation team.
GERMANY - Buchanan Capital Partners acquires stake in time:matters
Funds advised by Buchanan Capital Partners have acquired a majority stake in time:matters GmbH, the Neu-Isenburg-based specialist logistics company, a wholly-owned subsidiary of Lufthansa Cargo AG.
EUROPE - IPES appoints Brennan as COO
IPES, a private equity fund administrator and outsourcing provider, has announced that Kevin Brennan is to take on the newly created role of chief operating officer. Brennan will be responsible for the design and delivery of the organisational structure...
GERMANY - Waterland appoints care sector adviser
Waterland Private Equity Investments has appointed Ir B F Dessing as industry expert to advise the investment team with its investment decisions in the care sector.
GERMANY - ANYCOM floats successfully
The producer of wireless communication accessories based on bluetooth technology has floated 690,000 new shares on the Entry Standard in Frankfurt above the issue price of EUR 8. ANYCOM receives gross proceeds of around EUR 5.5m from the IPO, and will...
GERMANY - The Riverside Company acquires AIS Group
The Riverside Company has acquired Advanced Information Systems Group (AIS Group), a technology solutions provider to the automotive, aerospace and steel industries. Nord LB provided financing for the deal.
GERMANY – Eurazeo targeting European region
French private equity house Eurazeo is expanding its target region for acquisitions to continental Europe and Germany in particular. Historically, the financial investor has been mainly active in France, but has also gained prominence in other European...
GERMANY – Grohe to issue senior notes
Next week private equity-owned bathroom fittings company Grohe is planning to raise up to EUR 900m in bonds by issuing a senior secured floating rate note. Switching its bank debt into bonds will offer the company more scope and freedom for investing...
GERMANY – Merck rumoured to sell its Generika division
Chemical-pharmaceutical company Merck is reportedly looking for a buyer of its generic drug manufacturing division, which achieved revenues of around EUR 1.8bn in the last year. It is believed that with this sale Merck would partly finance its recent...
GERMANY – capiton invests in Ensys
Independent private equity fund manager caption has acquired a stake in energy service provider Ensys AG as part of an expansion financing. The financial investor replaces some of the founding investors which had supported the company as business angels....
GERMANY - Finatem sells Hügel
Finatem Beteiligungs GmbH has sold a 51% stake in Hügel, a German manufacturer of automotive components to Linz-based voestalpine AG for an undisclosed amount. The financial investor had previously acquired the company for approximately EUR 54m in August...
GERMANY - Gutbrod Stanz- und Umformtechnik GmbH sold to voestalpine AG
Barclays Private Equity has exited its investment in German manufacturer of automotive components to Linz-based voestalpine AG for an undisclosed sum. Barclays Private Equity had previously acquired Gutbrod Stanz- und Umformtechnik in a secondary transaction...
GERMANY - Barclays Private Equity exits Buch & Kunst
Barclays Private Equity has sold its stake in German book retailer Buch & Kunst to the Thalia Group for an undisclosed amount. The financial investor acquired the company in 2001.
GERMANY / France - Taros Capital sells Zarges Tubesca to Granville Baird Funds.
Taros Capital has announced that it has agreed to sell Zarges Tubesca to Granville Baird, for a total consideration of EUR 156m, including financial debt.
GERMANY - IK exits Gardena
Husqvarna has signed an agreement with Industri Kapital to acquire Gardena, a manufacturer of gardening tools in Europe. The purchase price amounts to EUR 730m which includes the transfer of debt, shareholder credits and pensions amounting to EUR 416m....
GERMANY - New principal at Waterland Private Equity
Waterland Private Equity Investments has appointed Jörg Dreisow as principal of its German branch. He had previously been investment director and will now co-lead a team of six.
GERMANY – Armacell goes to Investcorp
Investcorp has acquired Armacell International GmbH in a secondary buyout from Gilde Buy-Out Fund and funds managed and advised by CVC Capital Partners. No further terms of the transaction have been disclosed.
SWITZERLAND/ BELGIUM – Alpha acquires Dietiker and NFI
Alpha Private Equity has acquired the Zurich-based Dietiker group for an undisclosed sum from its family shareholders. The investment is the fifth investment from the financial investor’s Alpha Private Equity Fund 5 (APEF 5), which closed in February...