DACH unquote
Deutsche unquote" June 2010
HgCapital’s spurt of acquisitions has reached the German market, with the €116.6m buyout of SimonsVoss.
Nycomed requests further covenant relief
Swiss private equity-backed drug company Nycomed has asked its lenders for covenant relief as it looks at ways of managing its debts.
Cinven fights for JOST control
According to reports, Cinven is fighting for control of truck parts manufacturer JOST World GmbH.
CGS Management's Automatik in CHF 200m merger
CGS Management's German portfolio company Automatik Plastic Machinery has completed a CHF 200m merger with Swiss-based Maag Pump Systems, a gear pump manufacturer.
HPV leads third round of funding for OpenSynergy
Hasso Plattner Ventures has led a third round of funding for OpenSynergy GmbH.
Auctus acquires rehabilitation clinics
Auctus Capital Partners has acquired eight rehabilitation clinics from Marseille-Kliniken AG for an undisclosed amount. Following the transaction, the group of clinics will trade as Celenus-Kliniken GmbH.
Cross Equity Partners backs MBO of spirella s.a.
Swiss lower mid-cap specialist Cross Equity Partners has acquired a majority stake in spirella, a supplier of bathroom equipment, from the German group Leifheit AG.
Novartis Venture et al. invest CHF 5m in NanoPowers
Novartis Venture Funds has led a CHF 5m series-A funding round in medical device company NanoPowers. Initiative Capital Romandie (ICR) and Fribourg-based Gran Plasa SA also invested.
Steadfast Capital buys proFagus
Steadfast Capital has acquired charcoal derivatives producer proFagus GmbH from a group of private investors for an undisclosed amount.
ETF et al. invest €5m in Compact Power Motors
Environmental Technologies Fund (ETF) has led a €5m financing round for German engine manufacturer Compact Power Motors GmbH.
TVM Capital restructures; hires Schuler
TVM Capital has reorganised its life science investment practice. In the future, the firm will operate two dedicated teams with differentiated investment concepts to invest in pharmaceutical, biopharmaceutical, medical technologies (medtech) and healthcare...
NGN Capital leads €33m series-D round for NOXXON Pharma AG
NGN Capital has led a €33m series-D round in NOXXON Pharma. NGN is a new investor and was joined by existing investors TVM Capital, Sofinnova Partners, Edmond de Rothschild Investment Partners, Seventure Partners, VC Fonds Technologie Berlin GmbH, Dow...
HgCapital acquires SimonsVoss
HgCapital has acquired SimonsVoss Technologies AG.
Gimv sells CoreOptics to Cisco
Gimv has sold its stake in CoreOptics Inc to Nasdaq-listed Cisco Systems Inc, which will completely acquire the firm.
Bertelsmann Digital Media Investments and Venture Incubator fund deal united
Bertelsmann Digital Media Investments and Venture Incubator have invested in e-commerce platform deal united GmbH, in a deal thought to be worth around €5m.
Milbank hires Rinne for new antitrust practice in Germany
Law firm Milbank, Tweed, Hadley & McCloy has appointed antitrust lawyer Dr Alexander Rinne as partner in its Munich office.
Palamon Capital Partners sells Movie Park Germany
Palamon Capital Partners has sold Movie Park Germany GmbH to Parques Reunidos, an entertainment operator based in Madrid, for an undisclosed amount.
Fidelity Growth Partners invests in InnoGames
Fidelity Growth Partners Europe has invested in German videogames developer, InnoGames.
Deutsche unquote" May 2010
Germany’s hesitance to deal with the Greek debt crisis does not bode well for European economic confidence. The country was already late to respond to the credit crunch, it should not make he same mistakes again, as it could have the most to lose is...
German investment ordinance review - effects on private equity
German insurance companies constitute a significant class of German institutional investors in alternative investments, including private equity. After a period of stagnancy, the German Investment Ordinance on the Investment of Restricted Assets of Insurance...
Consortium backs O-Flexx Technologies with €6.7m
SET Venture Partners, Atmos SpA, BankInvest, Emerald Technology Ventures, Partech International, SAM GmbH, and Schneider Electric Ventures SAS have invested €6.7m in cleantech company O-Flexx Technologues GmbH.
PINOVA Capital takes a participation in Hemoteq AG
PINOVA Capital has invested in medical technology company Hemoteq AG in Würselen.