Austria
Lead Equities backs German IT outsourcer SOLCOM
Lead Equities, has backed the buyout of German IT freelance agency SOLCOM, acquiring a 75% stake. No financial details have been disclosed.
Deutsche unquote" June 2010
HgCapital’s spurt of acquisitions has reached the German market, with the €116.6m buyout of SimonsVoss.
GCP exits Fatfoogoo to Digital River $10m
Austrian venture capital house GCP gamma capital partners has sold online trading platform FatFoogoo to NASDAQ-listed e-commerce group Digital River. The exit values FatFoogoo at $10m and GCP has further agreed an earnout provision.
Afinum acquires Sinnex
Afinum Management has acquired luxury yacht outfitter Sinnex Holding GmbH, which encompasses Sinnex Steinheimer Innenausbau GmbH based in Steinheim an der Murr and Sinnex Innenausbau GmbH based in Griffen, Austria.
Covesco Venture seeks to raise EUR 50m DACH seed fund
Covesco German Seed Fund GmbH & Co. KG has launched its maiden vehicle, German Seed Fund, targeting €50m.
Cerberus' Bawag sells Bawag PSK Versicherung
Cerberus Capital Management-backed Bawag has sold 25% of its insurance broker Bawag PSK Versicherung to sector player Generali.
Mountain Cleantech's En-tech files for insolvency
Mountain Cleantech's portfolio company En-Tech En-tech Energietechnikproduktion GmbH has filed for insolvency.
Gimv hires DACH life sciences partner
Gimv has hired Annegret de Baey-Diepolder as a partner to join the firm’s life sciences in the DACH region; she will be base in Munich.
Arax backs Biocrates Life Science with €1.2m
Arax Capital Partners has funded metabolic biomarker company Biocrates Life Science AG with €1.2m as a first tranche of a fundraising round.
Deutsche unquote" April 2010
The April issue of Deutsche unquote" is now available to download.
Lead Equities' JCL Logistics acquires Logwin assets
Lead Equities' portfolio company JCL Logistics has acquired the road and rail activities of logistics company Logwin.
Gamma sells 123people to PageJaunes
Austrian VC Gamma Capital Partners (GCP) has sold internet search platform 123people to French trade buyer PagesJaunes Group.
DBAG to raise €200m expansion capital fund
Deutsche Beteiligungs AG plans to raise a €200m expansion capital fund.
Mountain out of a Molehill
The over-used phrase “cautiously optimistic” sums up expectations for 2010. While some firms celebrated successes in 2009, many more had their heads down with crisis management, refinancing their existing portfolio companies and constantly readjusting...
Quo Vadis, Austria?
Talking to industry professionals in Austria, there is a palpable sense of frustration about the continued lack of private equity regulation to provide a sensible framework for Austrian private equity funds.
Deutsche unquote" March 2010
The March issue of Deutsche unquote" is now available to download.
Q&A with Phillip Dubsky, partner at DLA Piper
Q&A with Phillip Dubsky, partner at DLA Piper Weiss-Tessbach
gamma capital partners in partial exit of Siesta Group
gamma capital partners has sold part of medical services company Siesta Group to Royal Philips Electronic.
BOCE acquires Austria Email from UIAG
Buy-Out Central Europe has acquired 63.41% of listed Austria Email AG from investor UIAG.
Consortium funds Eucodis with EUR 2m
Existing investors Pontis Capital, Wiener Wachstumsfonds, IBG und Arax have invested EUR 2m in enzyme company Eucodis Bioscience.
Q&A: Secondary chances
Hanspeter Bader, head of private equity at Unigestion, talks with Mareen Goebel about the secondaries space and current issues with fundraising
AVCO moves offices
The Austrian Private Equity and Venture Capital Organisation (AVCO) has moved offices.
Venture-backed Cycleenergy acquires Gaishorn
Venture-backed biomass plant company Cycleenergy has acquired Bioenergie Gaishorn GmbH and doubled its capacities.
EK Fin acquires 15% of Transfer Industries
Mittelstandsfinanzierungs AG has acquired 15% of Transfer Industries GmbH, which owns turbine manufacturer Global Hydro Energy GmbH.