DACH
GERMANY - TVM changes name
TVM, a life sciences and information technology venture capital firms in Europe and the United States, announced today that the firm will be change its name to TVM Capital, effective immediately. Founded in 1983 as Techno Venture Management, the name...
GERMANY - Bank of Ireland syndicates Westfalia Auto deal
Bank of Ireland Acquisition Finance has announced that it has launched the syndication of the EUR 50m senior debt and EUR 10m mezzanine debt facilities part financing the secondary MBO of Westfalia Automotive by WestLB and Odewald from Granville Baird...
GERMANY - Aurelius Group acquires DBT Maschinenfabrik Scharf GmbH
The Aurelius Gruppe has acquired DBT Maschinenfabrik Scharf GmbH from DBT GmbH, a subsidiary of Essen-based RAG AG. RAG is currently taking part in the bidding process for chemicals specialist Degussa. No details of the transaction value have been disclosed.
GERMANY - DZ Equity Partner acquires stake in Illichmann Aluminiumguss
Frankfurt-based DZ Equity Partner has acquired a controlling stake in Austrian Illichmann Aluminiumguss GmbH & Co KG and its Slovakia-based affiliates. Debt was supplied by Investkredit Bank AG. The financial terms of the contract have not been disclosed....
GERMANY - Wellington invests in GIGA TV
Wellington Partners is investing in GIGA TV in connection with a round of funding totaling EUR 3m. This will enable the company to expand its position as the largest digital TV network for the gaming and e-sports community in Europe.
GERMANY - Change Capital Partners acquires JIL SANDER Group
Retail specialist Change Capital Partners has agreed the buyout of Jil Sander Group from the Prada Group. The transaction, which was handled by Change Capital's Stephan Lobmeyr, remains subject to regulatory approval.
GERMANY - Permira and Goldman Sachs line up Cognis for IPO
According to press reports, Permira and Goldman Sachs Capital Partners are shortly expected to announce the IPO of Cognis, a speciality chemicals company.
GERMANY - Gilde portfolio firm signs licensing deal with pharma investor
Munich-based IDEA AG has announced that Celtic Pharmaceutical Holdings LP, an international private equity firm focused on the biotechnology and pharmaceutical industries, has acquiredthrough its subsidiary TDT an exclusive global licence to IDEA’s...
GERMANY - BSN Medical buyout approved by EU
The sale of BSN medical GmbH & Co. KG, based in Hamburg by Beiersdorf AG and Smith & Nephew Plc to Montagu Private Equity has been completed after the approval of the EU commission. In December 2005, Montagu signed a contract subject to merger clearance...
GERMANY - Cipio promotes Dennert to partner
Roland Dennert has been promoted to partner of Cipio Partners in Munich. Cipio managing partner, Werner Dreesbach, said: 'Roland has successfully managed a number of our European and Israeli investments and made major contributions to the development...
GERMANY - All change at top fashion house
Change Capital Partners, the private equity firm specialising in branded goods and retail, and the Prada Group have announced that Change Capital Partners is to acquire the Jil Sander Group.
GERMANY - Winter arrives in Frankfurt
Private equity lawyer Jochen Winter, whose clients include Fortress Investment Group and CVC Capital Partners, has left Linklaters to join the Frankfurt office of Willkie Farr & Gallagher.
GERMANY - HarbourVest and AlpInvest complete German secondary deal
HarbourVest Partners and AlpInvest Partners have announced the completion of a secondary transaction involving the establishment of a new fund, Paragon Partners Secondary LP. As a result of the transaction, Paragon Partners acquired an existing portfolio...
GERMANY - AXA consortium buys German private equity fund
A consortium led by AXA Private Equity, one of Europe's leading private equity houses, has acquired the German private equity fund Steadfast Capital Beteiligungen I. The purchasing consortium was led by AXA Private Equity and also includes CSFB Strategic...
EUROPE - LBO market smashes EUR 100bn barrier
2005 saw further significant growth in the European buyout market with the total value of deals topping EUR 100bn for the first time ever, according to the latest European Buyout Review due to be published in March 2006 by Incisive Media in association...
SWITZERLAND - Partners Group announces IPO on SWX Swiss Exchange
Partners Group, the Swiss-based global alternative asset manager, has announced its intention to list on the SWX Swiss Exchange through an initial public offering. The IPO is expected to take the form of a public offering in Switzerland and private placements...
GERMANY - Granville Baird exits Westfalia-Automotive Group
Granville Baird Capital Partners has sold its majority stake in the Westfalia-Automotive Group to Odewald & Compagnie. Granville Baird, together with company management, bought an 87.5% stake in the trailor coupling device specialist in 2000.
GERMANY - Sale of ProSiebenSat.1 falls through
Germany's Commission to Investigate Media Concentration (KEK) has rejected the takeover of ProSiebenSat.1 by Axel Springer. The media regulator made a final decision in January to block the sale by a fiancial consortium led by Saban Capital due to market-share...
GERMANY - 3i sells German betapharm to Dr Reddy’s Labs
3i has sold German generic pharmaceutical company betapharm Arzneimittel GmbH to Indian Dr Reddy’s Laboratories Ltd.
GERMANY - Syndicate invests in Diologue Semiconductor spin-off
GIMV has invested EUR 4.8m in the German technology company Dialog Imaging Systems (DIS), a new spin-off from the publicly listed company Dialog Semiconductor. The investment is part of a total funding round of EUR 22.25m led by 3i. Doughty Hanson Technology...
GERMANY - NORD Holding buys wire mesh specialist
In a management buyout involving the management of the company and the Bavarian Beteiligungsgesellschaft, NORD Holding Unternehmensbeteiligungsgesellschaft has acquired Rhodius GmbH domiciled in Weissenburg (Bavaria), Laage (Mecklenburg-Western Pomerania)...
GERMANY - Ventizz invests in electronic manufacturing services firm
Ventizz Capital Partners Advisory AG has taken an undisclosed majority interest in AEMtec GmbH through its latest fund, Ventizz Capital Fund III.
GERMANY - Halder exits Konrad Hornschuh AG
Halder has sold its stake in Konrad Hornschuch AG, which it acquired in 2001, to DZ Equity Partner GmbH, Frankfurt, and L-EA Private Equity GmbH, Karlsruhe, via a secondary buyout. The management of Hornschuch will increase its shareholding as a result...
SWITZERLAND - Eyesense AG receives SFr 10.7m
Eyesense AG has received SFr 10.7m in funding from a syndicate of investors led by Amsterdam and Munich-based Life Science Partners alongside Basel-based BioMedinvest. Other investors in the syndicate include Novartis Venture Fund, Private Life BioMed,...