Germany
Afinum nears EUR 410m-EUR 420m fund close; mulls new fundraise
Plans for Fund 10 to be contemplated by mid-2024 “at the earliest” as GP advances on succession changes
Afinum founders kick off succession planning with two new managing directors
First step in succession preparations will also see two partners join management team later this year
Kompas VC seeks built environment tech opportunities, eyes second fund
Early-stage VC keen to expand cooperation with industry partners as it searches for investments to decarbonise the built environment, managing partner Sebastian Peck tells Unquote
Summit Partners puts RFID manufacturer ELATEC up for sale
Teasers for the German group were circulated earlier this year by sell-side adviser Goldman Sachs
GR Capital in 'active stage' of USD 50m-USD 70m fundraise
Berlin-based, Ukrainian-owned VC firm could invest up to USD 30m in 2023, targeting a range of technology subsectors
Planet A raises EUR 160m for debut greentech fund
German VC will back scaleable hardware and software startups, giving science team "veto power" in investment decisions
McDermott adds to German PE team with Noerr and Latham duo
Noerr’s Holger Ebersberger and Latham & Watkins’ Hanno Witt to join the firm’s Munich office
Capiton moves two assets to continuation vehicle; Fund V largely unrealised
Eurazeo and Unigestion among LPs in new fund for industrial tech businesses Raith and AEMtec
Main Capital exits Onventis in SBO to Keensight
Exit from Main Fund V comes three years after the GP acquired the Germany-based procurement technology company
German health minister’s 'locust sponsors' comments spook live healthcare deals
New entrants scared by remarks on limiting profits; existing investors expected to rush to complete bolt-ons
DBAG sells Pmflex following trade approach
Pre-wired electrical installation conduits manufacture sold to Hager Group following a 2.5 year investment period
Tenzing launches Munich office; hires KPMG exec as DACH head
Christian Ramme to lead local team as UK-based GP takes another step in European expansion
Inflexion acquires minority stake in Proteros
Deal for German contract research organisation is the sponsor's third in pharma services in past 12 months
AG Capital kicks off inaugural fund with Improove buyout
Austrian emerging manager acquires local SEO agency with country's first buyout fund in a decade
Permira announces changes in DACH leadership
Jörg Rockenhäuser to become region’s first chairman as Florian Kreuzer succeeds him as head of DACH
IK to exit Quanos in sale to Keensight Capital
New owner plans to grow Germany-based software developer organically and through M&A
Afinum, Invision-backed Ledlenser prepped for sale
LED flashlight and headlamp producer has been owned by sponsors and management since 2018
Munich Private Equity closes Fund IV on EUR 392m
Fund-of-funds investor will split deployment evenly between Europe and North America
Hg to exit Transporeon in EUR 1.88bn sale to trade
Deal with US-listed Trimble sees German transportation software group double in value since 2019 buyout
Cavalry Ventures holds EUR 100m first close for third fund
Seed and early-stage fund has a EUR 160m target and plans to back 30-35 software startups
Cinven and OTPP to invest in dogado via group.ONE
Triton will exit German web hosting provider after growing revenues to EUR 120m from EUR 2m
Placement agent Asante expands to Munich
Advisory firm’s first office in continental Europe will be led by director George Lyons
IK exits Studienkreis in sale to edtech unicorn GoStudent
German centre-based tutoring provider will operate independently and under its current management while synergies with new owner are identified
DBAG sees NAV drop 15% amid market uncertainty
After fall at the end of its financial year, the GP expects valuation of its investments to recover with double-digit percentage rises in next three years