DACH
GERMANY – Summit Partners invests in DEDON GmbH
Summit Partners has made a minority equity investment in outdoor luxury furniture company DEDON GmbH.
GERMANY – HgCapital acquires toy manufacturer
HgCapital has acquired a majority stake in German toy manufacturer Schleich GmbH for an undisclosed amount. Schleich GmbH is based in Schwäbisch Gmünd and was founded in 1935. The company develops and produces figurines that are marketed world wide.
SWITZERLAND – NORD Holding buys into Kentaro AG
NORD Holding Unternehmensbeteiligungsgesellschaft has acquired a minority stake in sports rights agency Kentaro AG following a share capital increase. The financial investor acquired a 9.5% stake for an undisclosed sum and will increase its shareholding...
SWITZERLAND – SIRS-Lab raises EUR 10m
Affentranger Associates have led a EUR 10m funding round in SIRS-Lab alongside bm-t Beteiligungsmanagement Thüringen and Swiss institutional investors. The funding will be used to bring new molecular diagnostics to the market.
AUSTRIA - Cerberus takes BAWAG in Austria's largest ever buyout
A group of investors led by US-based Cerberus Capital Management has agreed to purchase BAWAG P.S.K. from trade union OeGB.
GERMANY – European Capital acquires Metall Technologie Holding for EUR 106m
European Capital has acquired the European manufacturer of high-end heat treatment industrial furnaces, Metall Technologie Holding for EUR 106m. Post close, the financial investor will own approximately 83% of the shares with the management team holding...
SWITZERLAND – SAM Private Equity becomes Emerald Technology Ventures
Following Robeco and SAM Group’s decision to create a sustainable platform for asset management, with Robeco becoming the majority shareholder in SAM on 31 December, the SAM Private Equity team will buy out the entire private equity business and create...
GERMANY – KKR and Permira win auction for ProSiebenSat1
A consortium comprising Kohlberg Kravis Roberts & Co and Permira Advisers has acquired a 50.5% stake in German broadcaster ProSiebenSat1. The value of the transaction is believed to be over EUR 3bn. Following the acquisition, media analysts expect the...
GERMANY – PPM Capital acquires orizon AG
PPM Capital has acquired the German temporary employment agency orizon AG for approximately EUR 200m from its main shareholder GL Aktiengesellschaft, Hamburg, and other private investors. The transaction is subject to approval by the antitrust authorities....
EUROPE - EVCA publishes 2006 benchmarking study
EVCA has published its third annual benchmarking study, a piece of research which compares the tax and legal environments for private equity and venture capital across 25 European countries.
GERMANY – Access Capital Partners opens office in Munich
Paris-based private equity fund of funds specialist Access Capital Partners is opening a new office in Munich. Bernhard C Fink and Thomas Kohlmeyer who are joining the firm as partners will be heading the German office.
GERMANY - Advent to acquire the Oxo Group
Advent International has agreed to acquire Celanese Corporation’s “oxo” products and derivatives businesses for EUR 480m. The acquisition comprises the oxo chemicals and derivatives activities of Celanese and the European Oxo GmbH joint venture between...
GERMANY – Macquarie raises its bid for Techem
Macquarie Infrastructure Fund II has increased its offer of EUR 44 to EUR 55 per share for the German utility billing specialist Techem AG. At the same time the financial investor increased its stake in the company by 8%, buying the additional shares...
GERMANY – NORD Holding acquires Shipbuilding Division
Hannover-based NORD Holding Unternehmensbeteiligungsgesellschaft mbH has announced it is to acquire a 70% stake in R & M Ship Technologies Group from the Bilfinger Berger Group. The management team led by CEO Joachim Buttke will hold the balance.
AUSTRIA – KKR exits remaining stake in Zumtobel
Kohlberg Kravis Roberts & Co has sold its remaining shares in Austrian lighting company Zumtobel Group. The financial investor held a 5.5% stake in Zumtobel after the company’s IPO on the Vienna Stock Exchange (ATX) on 12 May 2006. The transaction was...
GERMANY – Largest IPO in Germany this year
The German flavours and fragrances company Symrise has floated today on the Frankfurt Stock Exchange at an issue price of EUR 17.25, making it the largest IPO in Germany this year. With a freefloat of around 70%, the IPO raised approximately EUR 1.4bn...
GERMANY – WL Ross & Co completes acquisition of BST Safety Textiles
WL Ross & Co has completed the acquisition of international manufacturer of flat and one piece woven fabrics for automotive air bags, BST Safety Textiles GmbH. The transaction was announced in September 2006.
GERMANY – KKR exits its stake in Demag Cranes
Following the IPO of Demag Cranes six months ago, Kohlberg Kravis Roberts together with Siemens are selling their remaining 33.2% stake in the company. Goldman Sachs and Lehman Brothers are placing the shares in a range of EUR 33.00-33.50 with investors....
AUSTRIA – TTTech Computertechnik receives EUR 20m funding
Strategic financial investor firstVentury has invested EUR 20m in Vienna-based supplier of time-triggered systems TTTech Computertechnik AG. Additionally, international automotive company AUDI AG acquired a minority interest in TTTech.
GERMANY – Cinven pulls out of ProSiebenSat1 race
It is understood that Cinven, which had joined the Apax and Goldman Sachs consortium, has withdrawn from the auction for a 50.5% stake in German media group ProSiebenSat1. The remaining potential buyers are believed to include Turkish media giant Dogan...
GERMANY – BayBG with new MD
BayBG has announced that Peter Pauli will succeed retiring Dr Wolf Rüdiger Willig as managing director from 1 January 2007.
EUROPE – Kenneth Leet to lead European Investment Team of Cerberus
Cerberus Capital Management has announced that Kenneth H M Leet has joined Cerberus European Capital Advisors as president. Leetтs previous positions include an 18-year tenure as partner in the investment banking division at Goldman Sachs.
GERMANY – Quadriga Capital buys back AHT Cooling Systems
Quadriga Capital has acquired a majority stake in AHT Cooling Systems for an undisclosed amount from Equita. Dresdner Kleinwort has been mandated to solely arrange the debt package comprising senior and mezzanine facilities. In 2005 Quadriga Capital sold...
GERMANY – 3i to bid for HHLA
3i has announced its interest in acquiring a minority stake in the operator of Hamburg Port Hamburger Hafen und Logistik AG (HHLA). The City of Hamburg had been seeking offers for a 49% stake in HHLA and so far reportedly received notifications from around...