Germany
Atlantik acquires insolvent Pfleiderer
Luxembourg-based turnaround specialist Atlantik has acquired insolvent German wood laminate maker Pfleiderer.
AXA PE acquires Riemser from TVM
AXA Private Equity has acquired a majority stake in German speciality pharmaceuticals company Riemser Arzneimittel from the company's founding family and minority investors, including TVM Capital.
BWK exits Sunval in trade sale
BWK has exited German private label baby food maker Sunval in a trade sale to German dairy company DMK Deutsches Milchkontor.
Triton to sell Dematic
Triton has reportedly held a first round auction for German supplier of materials handling solutions for warehouses, Dematic, attracting bids from financial and strategic investors.
DZ Equity Partner and WGZ merge PE operations
German GPs DZ Equity Partner and WGZ Initiativkapital have combined their private equity operations to become vR Equity Partners.
Advent in talks to buy Douglas stake
Advent International is said to be in talks with German perfume and books retail group Douglas to acquire a stake in the business.
Khosla leads series-A for ParStream
Khosla Ventures has led a $5.6m funding round for German data analytics platform ParStream.
Pamplona looking to buy Ruetgers from Triton
Pamplona Capital Management is in advanced talks to acquire German chemicals business Ruetgers from fellow private equity house Triton, according to reports.
Accel-backed 99designs buys 12designer from Grupo Intercom
Online graphic design market-place 99designs, backed by Accel Partners, has bought Berlin-based creative market-place 12designer, owned by Spanish venture capital firm Grupo Intercom.
BC Partners buys Aenova from Bridgepoint
BC Partners has acquired German pharmaceutical manufacturer Aenova Group from Bridgepoint in a transaction understood to be valued at slightly less than €500m.
AXA PE acquires frostkrone from Argantis
AXA Private Equity has acquired German frozen finger food producer frostkrone and its subsidiary Bornholter in an SBO from Argantis Private Equity.
HTGF et al in series-B for Customer Alliance
High-Tech Gründerfonds (HTGF), Mountain Super Angel, K5 Ventures and netSTART Venture have invested in a second round for Berlin-based software-as-a-service provider Customer Alliance.
Early-stage investments: German deal volume booms
While German early-stage activity has risen in volume in the first half of 2012, the UK holds its own with strong overall deal value.
Equistone takes majority stake in Vivonio
Equistone Partners Europe has taken a 67% stake in German furniture maker Vivonio Furniture Group, a newco formed by combining Orlando Management-backed MAJA, Staud and SCIAE.
Evonik invests in Pangaea Ventures fund
CVC-backed German speciality chemicals maker Evonik has invested in Pangaea Ventures Fund III through its recently established venture unit.
Equita CoVest in €115m first close
Equita Management has held a €115m first close for its Equita CoVest fund.
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.
Index et al. partially exit Funxional Therapeutics
Index Ventures, Novo A/S and Ventech have partially exited their investment in Funxional Therapeutics, following the company’s sale of its rights to lead anti-inflammatory drug FX 125L to German pharmaceuticals company Boehringer Ingelheim.
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.