DACH Unquote
VCDE, Time for Growth sell Brille24 to Essilor
Time for Growth invested in international expansion and technology over the holding period
Target Partners leads $3.1m seed round for Corrux
Software provider is operating some pilot projects with construction companies in Germany
Hg-backed STP acquires WBDat
Hg acquired a majority stake in STP in 2016 via its lower-mid-market Mercury Fund
Valar Ventures leads $28m round for Cluno
Existing investors Atlantic Labs and Acton Capital Partners also participated in the round
Silverfleet appoints Quadriga's Sommer in Munich
Sommer joins from Quadriga Capital, where he was a director for buyout investments in the DACH region
Altor launches DACH office
Altor recently held the final close of its Altor Fund V on its hard-cap of €2.5bn
Hg-backed Noventic bolts on Ch. Mittendorf and Neotech
Hg retained a minority stake in Noventic after the sale of its portfolio company Qundis
Ardian hires Friedrich to join buyout team
Alexander Friedrich joins from Quadriga Capital, where he led the services and software sector teams
Gyrus signs first deal with DowDuPont carve-out
Just four months after being launched, Gyrus Capital has signed the complex carve-out of DuPont Sustainable Solutions
Index, Ribbit and Thrive in $114m series-D funding round for Raisin
Index Ventures first invested in a series-A funding round for the company in 2014
Speedinvest launches third venture fund
Speedinvest III has a target of €175m, exceeding Speedinvest II's final close on $100m
Connexio acquires Rosenberger Restaurant
Rosenberger Restaurant went into a restructuring process in December 2018 and one site has closed
Freitag promotes Prüfer to managing partner
Prüfer spent time at Macquarie and HBA-Consulting before joining Freitag & Co in 2011
Halder sells Wback to trade buyer
Halder is currently divesting from its 2009-vintage restructured Halder Germany II fund
Pride Capital provides first mezzanine loan after spin-out
Mezzanine loan provided to Coyo is Pride Capital's first since its spin-out from Main Capital
Jacobs Holding sells down stake in Cognita
BDT Capital Partners and Sofina have taken minority stakes in the international school group
LBO France-backed My Media Group bolts on Peak Ace
My Media Group has been considering targets in France, Germany and the UK since July 2018
Orkila Capital invests €15m in Cannamedical
Orkila invests for a minority stake, while founder David Henn will retain a 60% stake
MPEP launches fund-of-funds
First time the fund-of-funds manager has widely marketed its programme to external LPs
Goodwin hires Latham & Watkins' Klenk
Goodwin hires private equity and M&A lawyer Gregor Klenk as a partner in its Frankfurt office
Carlyle acquires SER
Acquisition was made from the firm's CETP III fund, which focuses on technology companies
Hg buys Transporeon from TPG
Acquisition continues Hg's strategy for B2B cloud-based software and network companies
CGS-backed Photonics bolts on LS Laser Systems
CGS is looking to buy a fourth portfolio company and bolt on two more for Eol and Photonics
Cerberus and Centerbridge offer €600m for NordLB
Firms will each pay half the offer price in a bid for a minority stake in the German lender