What determines the future of a portfolio company? GPs with spotless track records are falling into trouble, and the operational expertise and hands-on approach once heralded and admired are no longer sufficient. It seems the industry, as everyone else, is in the hands of the "world economy." For example, Nordic Capital-backed Plastal Holding, which filed for bankruptcy last month, cited the 40% drop in market volumes in the automobile industry as the main reason for their insolvency
Apax Partners, Deutsche Telekom Capital Partners (DTCP) and Summit Partners have sold their stakes in Germany-based business process management software business Signavio to SAP.
Company intends to use the fresh capital to consolidate its presence in the French market and expand across Europe
GP invests in the precision components manufacturer via Equistone Europe Partners VI
Immunocore recently filed for an IPO, and, in light of this news, Shcroders has agreed an earn-out