Nordics
Norinnova and Sarsia Seed back Prophyllix Pharma,
Norinnova Forvaltning, via Norinnova Invest, has alongside Sarsia Seed invested in Norwegian life science company Prophyllix Pharma, each taking a 7.7% stake.
HarbourVest to list shares on LSE
HarbourVest Global Private Equity has announced plans to list its shares on the Specialist Fund Market of the London Stock Exchange.
I2BF to raise Global Cleantech growth capital fund
International cleantech asset manager I2BF has launched Venture Fund II, a $100m global renewable energy and cleantech-focused growth capital fund.
Advent appoints consumer goods operational partner
Advent International has named John Sheppard as the newest partner to join the firmтs Operating Partner Program. He will advise on global investment opportunities in the consumer sector, with a particular focus on branded and private label consumer goods...
ICG closes recovery fund on €843m
London-based alternative asset investor Intermediate Capital Group (ICG), has reached the final closing of its тЌ843m ICG Recovery Fund.
Biotech IPOs under investor microscope
The recent flurry of biotechs seeking to raise capital on the public markets could prove mistimed as question marks are raised over investor appetite. FranУЇois Rowell investigates.
Viking and Investinor in NOK 86m round for ChapDrive
Viking Venture, Investinor and existing shareholders NorthZone Ventures, Hafslund Venture and Energy Capital Management (Statoil Venture) have participated in a NOK 86m round for wind turbine manufacturer ChapDrive.
The automotive sector: a stable proposition?
The news that beleaguered Stabilus has been taken over by Triton draws attention to the European automotive sector, which, for private equity, remains a dangerous proposition, according to insiders. Mareen Goebel reports.
Deutsche Bank launches PE fund of funds unit
Deutsche Bank is launching a new private equity fund-of-funds unit as part of its asset management business, according to reports.
VSS appoints Hartfelder as head of IR
Veronis Suhler Stevenson (VSS) has appointed Jack Hartfelder as head of investor relations.
LPs & GPs benefit from mutual support
Emerging from the recessions, GPs are facing a new reality in their LP relations. Investors are becoming increasingly selective, and approach negotiations with more assertiveness. However, as Francinia Protti-Alvarez finds, the new GP/LP relationship...
Proventure et al in NOK 35m funding for Aptomar
Norwegian government-backed venture fund Investinor has contributed NOK 17.5m in a NOK 35m funding round for technology business Aptomar. Also participating were existing backers Statoil Venture and seed fund Proventure SEED.
Herkules acquires Elis
Norwegian GP Herkules Capital has wholly acquired software company Elis AS from Data in Vest AS, Hafslund Venture and Elis employees.
Making concessions
Early indications of the results from a recent survey conducted by Nordic unquoteт and SVCA, looking at the private equity industry 10 and 25 years from now, suggest the community is already lowering expectations for the future.
Nordic unquote" April 2010
The latest issue of Nordic unquote" is now ready to download. The April issue features an analysis on investing in the retail sector, updates from the AIFM debate and we take a closer look at the emergence of environmental due diligence and specialist...
Hermes and Gartmore deliver consolidation message
Hermes and Gartmore lead the consolidation of the fund-of-funds industry with the creation of Hermes GPE. Deborah Sterescu reports.
EQT Opportunity divests Tenson
EQT Opportunity has sold Tenson to Benelux-based Unlimited Sports Group.
Carlyle raises $1.1bn financial services fund
The Carlyle Group has raised $1.1bn for its first financial services fund, Carlyle Global Financial Services Partners (CGFSP).
Advent appoints new operating partner
Advent International has appointed Will Kussell as operating partner.
HarbourVest to list senior secured loans fund on LSE
HarbourVest Partners has launched a new senior secured loans fund, HarbourVest Senior Loans Europe Limited, which will be admitted to the Main Market of the London Stock Exchange.
Carlyle hires DIC's Kump as MD for Europe LBO team
The Carlyle Group has recruited Eric Kump as managing director of its leveraged buyout team in Europe.
KKR invests in Ambea as co-lead with Triton
US-based KKR has joined Triton in its investment in Nordic healthcare specialist Ambea.
Boehringer Ingelheim launches €100m corporate venture fund
Pharmaceuticals giant Boehringer Ingelheim has launched the Boehringer Ingelheim Venture Fund, a тЌ100m corporate venture vehicle.
Riverside boosts deal origination team with new hire
Global private equity firm Riverside has boosted its deal origination team for the education sector with the appointment of Robert Bowen as senior adviser.