DACH Unquote
LocalGlobe, Atlantic Labs in €1.35m seed round for Covee
Capital will be used to launch in mid-2018 and work towards regulatory approval for an ICO
Lindsay Goldberg buys Coveris Global Rigid for €700m
Global Rigid is headquartered in Zell, Germany, and generated sales of €560m in 2017
DACH GPs consider alternative funding models
With three of the region's top five most active GPs investing from non-standard funds in 2017, some other GPs are also adopting alternative approaches
VC firms in €20m round for Flaschenpost
Latest round was led by Portuguese family office Sociedade Francisco Manuel Dos Santos
ECM approaches first close for GEP V
ECM targets control positions in DACH-based businesses with enterprise values between €20-80m
Hg sells Teufel to Naxicap
GP makes the divestment from HgCapital 6, a £1.87bn vehicle that held a final close in 2009
Finatem buys Mungo Befestigungstechnik
Selling consortium includes the CEO, Oliver Annaheim, who will retain a minority stake
VR Equitypartner, SüdBG sell Piller to Riflebird
Fresh capital from the transaction will be used to drive Piller's expansion into the US and Asia
Capnamic, ProFounders lead €4m series-A for NDgit
Existing investor Dieter von Holtzbrinck Ventures also takes part in the financing round
BC-backed Springer Nature sets price range for €3.6bn IPO
Company is targeting proceeds of up to €1.6bn from the primary and secondary offering
Verdane buys portfolio from Bauer Media Group
Portfolio comprises three German companies including women's fashion brand Navabi
VC-backed NFon sets price range for €200-239m IPO
Company aims for a post-money market cap of €200-239m and a free float of up to 68.9%
Golding hires BlueBay's Das as head of private debt
Das will be responsible for selecting primary, secondary and co-investment opportunities
VC firms lead $29m series-B for Clark
Coparion, Kulczyk Investments and Yabeo Capital also take part in the latest financing
EQT partially divests EIS Aircraft Group
EQT remains invested in the EIS Aircraft Products and Services division
Mangrove leads €3.2m series-A for Adverity
Existing investors Speedinvest, 42Cap and AWS Gründerfonds also take part in the round
Paragon-backed Chicco di Caffè buys Bota Group
Selling shareholders Pius Widmer and Bruno Wanske exit to pursue other opportunities
New Enterprise et al. back $20m series-B for Konux
Round is led by US-based New Enterprise Associates with participation from MIG funds
Rocket Internet sells €150m HelloFresh stake
Placement is made via an accelerated bookbuild offering to institutional investors
Gilde Healthcare's Rad-X buys TelradKo
Acquisition will provide TelradKo with fresh capital to accelerate its expansion
VC-backed NFon aims to raise €50m in Q2 IPO
Company targets gross proceeds of €50m, which will be used for further European expansion
GP Profile: Deutsche Private Equity
GP has deployed 44% of its third fund within 15 months of the vehicle holding its final close on €575m
DBAG mandates GCA for Cleanpart sale
DBAG partially exited Cleanpart in November 2017, selling the group's healthcare division
Project A, Vito lead €4m seed round for Artisense
Chris Hitchen, an entrepreneur and venture adviser to EQT Ventures, also takes part in the round