DACH
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...
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...
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 LLP’s fund formation team.