DACH Unquote
T-Venture backs DropGifts
T-Venture has backed Berlin-based social gifts start-up DropGifts with a seven-digit-euro investment.
Perusa buys TLT Group
Perusa has wholy acquired German automotive logistics business Trans-Logo-Tech Group (TLT) via its €207m Perusa Partners Fund II.
Moody's cuts German credit outlook
Moody's has indicated it may downgrade Germany's Aaa credit rating, which could make financing operations in Germany more difficult.
AXA PE buys Schustermann & Borenstein
AXA Private Equity has bought German fashion exporter Schustermann & Borenstein in an MBO that reportedly values the company at $370m.
Former Metro boss launches PE house in Germany
Former Riverside partners Kai Köppen and Volker Schmidt have partnered with ex Metro boss Eckhard Cordes and former Apax partner Christian Näther to form a new buyout house in Munich, local reports suggest.
Renewed confidence in alternative energy
Alternative energy
Sun-backed Neckermann files for insolvency
Sun European Partners' German mail-order portfolio company Neckermann has filed for insolvency following unsuccessful talks with the PE firm.
HTGF et al. invest €1m in Data Virtuality
High-Tech Gründerfonds (HTGF) and Technologiegründerfonds Sachsen (TGFS) have invested €1m in German software start-up Data Virtuality.
HPE Holland backs Cotesa with €20m
HPE Holland Private Equity has invested €20m in German fibre-reinforced composites manufacturer Cotesa.
Capvis and Partners Group sell Bartec to Charterhouse
Capvis Equity Partners and Partners Group have sold their majority stake in German industrial safety technology provider Bartec to Charterhouse Capital Partners.
Cipio et al. back wywy with €2.5m investment
Cipio Partners, business angel Tobias Schmidt and other investors have provided German second-screen service provider wywy with €2.5m of venture capital.
Nauta leads €13.5m round for Mysportgroup
Nauta Capital has injected €3.5m into German e-commerce platform Mysportgroup as part of a €13.5m funding round.
HTGF et al. invest in Subitec
High-Tech Gründerfonds, eCAPITAL entrepreneurial Partners, Fraunhofer Venture and KfW Bankengruppe’s ERP-Startfonds have invested €4.5m in a second round for German cleantech company Subitec, according to reports.
Equistone acquires EuroAvionics
Equistone Partners Europe has acquired EuroAvionics Holding, a manufacturer of civil certified systems for the aviation industry, from Varde Investments Ireland.
Lead Equities-backed Weidinger acquires IP-Group
Lead Equities portfolio company Weidinger & Partner has acquired a majority stake in Austrian educational services provider IP-Group Beteiligungs GmbH.
Doughty Hanson-backed Vue to take over CinemaxX
Doughty Hanson’s portfolio company Vue has announced its intention to launch a voluntary public takeover offer for German multiplex chain CinemaxX.
KKR acquires WMF shares from Capvis
Kohlberg Kravis Roberts (KKR) has bought a 37% capital stake in German cutlery and coffee machines maker Württembergische Metallwarenfabrik (WMF) from Capvis Equity Partners-managed Crystal Capital for €238m.
HTGF et al. back in Epivios
High-Tech Gründerfonds (HTGF) and the investment arm of Life Science Inkubator have invested in German epigenetics specialist Epivios, alongside Technology Transfer Heinrich Heine University and a private investor.
Finatem acquires WST
Finatem Beteiligungsgesellschaft has acquired a majority stake in WST Präzisionstechnik, a specialised manufacturer of precision parts, as part of an MBO from the company's private owners.
Terra Firma to refinance Deutsche Annington
Terra Firma has started negotiations with bondholders to recapitalise German real estate fund Deutsche Annington Immobilien GmbH, including a €500m equity injection, according to reports.
Providence acquires HSE24 from AXA PE
Providence Equity has acquired Germany-based international home shopping group Home Shopping Europe (HSE24) from AXA Private Equity for an estimated €650m.
EQT backs Sportradar
EQT has invested €44m in exchange for a minority stake in German sports data provider Sportradar.
Palero Capital acquires Tesa Bandfix
Luxembourg-based GP Palero Invest has acquired Switzerland-based Tesa Bandfix from its German parent Tesa SE in an all-equity transaction.
EdRIP et al. in CHF 25m GenKyoTex series-C extension
Edmond de Rothschild Investment Partners (EdRIP), Vesalius Biocapital Partners, Mitsubishi Pharma Corporate Venture and other investors have provided Swiss biopharma GenKyoTex with CHF 25m of early-stage funding.