Healthcare
GERMANY - Consortium raises EUR 25m for Pieris
Healthcare-dedicated fund OrbiMed Advisors LLC has led a EUR 25m Series B round for Pieris AG, a bio-pharmaceutical company. All existing investors participated in this financing round including Novo Nordisk and Gilde Healthcare Partners.
GERMANY – High-Tech Gründerfond leads seed round
High-Tech Gründerfond along with business angels and strategic investor Vita 34 AG has led a seed financing round for Urotec GmbH, a tissue engineering company.
UK – YFM in £6m MBO of Fishawack
YFM Private Equity has invested £2.55m to back the £6m MBO of Fishawack, a specialist medical communications business. Other investors included the Chandos Fund which invested £2.05m and the British Smaller Companies VCT which invested £0.5m. Co-op...
SWEDEN - Procuritas acquires Olivia Group
Procuritas has acquired the majority of the shares in Olivia Group, a company that specialises in personal assistance for functional impaired individuals and elderly care services, for an undisclosed value. The management and its founder, Karsten Inde,...
FINLAND - Ratos-backed Medifiq Healthcare makes SEK 610m acquisition
Ratos-owned Medifiq Healthcare has wholly acquired Medisize Medical, a Swiss manufacturer of medical devices and pharmaceutical packaging, which is part of the listed group Medisize Holding for an enterprise value of SEK 610m.
SPAIN – Mercapital still involved in pharmaceuticals auction
Mercapital is believed to be the only private equity operator still bidding for the Spanish branch of US Bentley Pharmaceuticals. The auction process began some six months ago.
UK - August strengthens investment team
August Equity has appointed David Lonsdale to its investment team. Lonsdale joins August Equity from British Sky Broadcasting Plc, where he worked in the corporate finance division. During his time at BSkyB, he was responsible for UK transactions across...
UK - LGV sells Classic Hospitals Group to Cinven-backed Spire for £145m
LGV Capital has agreed to sell Classic Hospitals Group, the UK’s sixth largest private acute hospital operator, to Spire Healthcare (formerly BUPA Hospitals), which is controlled by funds managed by Cinven, for £145m. Classic Hospitals owns and operates...
UK - BOSIF acquires Verna Group from LGV
Bank of Scotland Integrated Finance (BOSIF) has backed the secondary management buyout of healthcare manufacturing business Verna Group Holdings Ltd from LGV. The value of the deal is undisclosed. BOSIF takes a minority stake in the newco. Bolton-based...
European LPs: optimism, naivety or realism?
Despite the recent credit crisis, there appears to be relative optimism among European LPs compared with their North American and Asian counterparts. Would the immaturity and naivety of the European private equity industry be the cause of this so called...
Great exit-pectations
The market has aligned opinions of LPs and GPs: both have dampened exit expectations for 2008
A new frontier
Sovereign wealth funds have the resource to emerge as serious challengers to private equity in the M&A space. However, unless they address transparency concerns these ambitions are likely to be thwarted by protectionist government intervention.
GERMANY - Business angels invest six figure sum in drug portal apomio.de
Business angels Lukasz Gadowski and Oliver Jung have invested a six figure sum in apomio GmbH, which runs an independent online portal for price comparisons of drugs, care and food products. The company is set to capitalise on changes in the legal framework...
UK - Matrix realises 3.3x from full BBI exit
Matrix Private Equity Partners has realised over 3.3x its original investment of £2.3m through the sale of its shareholding in AIM-listed BBI Holdings Plc. Matrix originally invested in BBI, a healthcare business that focuses on diagnostics and diabetes,...
SWEDEN - Sunstone leads SEK 40m round in CMC Contrast
Sunstone Capital has invested SEK 40m in CMC Contrast, a medical imaging company, together with existing investors øresund Healthcare Capital and Malmöhus Invest.