Germany
ECI-backed ATG buys Lot-tissimo
Combined group will host 18,000 auctions a year, with more than £2bn under the hammer
Draper Esprit invests in five seed funds
Managers include Berlin-based Join Capital and Helsinki-based Icebreaker
HSH Nordbank sale to be decided on Wednesday
JC Flowers owns a 5.1% in the bank and 94.9% is held by states of Hamburg and Schleswig-Holstein
GA backs ProSiebenSat.1's Nucom
Oakley sells minority stakes in portfolio companies Parship and Verivox at a combined EV of €970m
Equistone sells E Winkemann to Cathay Capital
Equistone makes the divestment from its €1.5bn buyout fund Equistone Europe Partners IV
VC firms to sell Lendico to ING Diba
ING Diba has registered its intention to acquire Lendico with the competition authority
VC firms back $30m round for Relayr
Round is led by Deutsche Telekom Capital Partners, a corporate venturing arm with $1bn in AUM
Capnamic promotes Knott to partner, hires two
Knott will be responsible for deal sourcing and execution, as well as portfolio management
Nordic Capital acquires dental group
New group includes three dentist chains and a dental technology laboratory operator
Private debt funds expand market share in Germany
Growing use of use of first-out, second-out unitranche leads to private debt funds more than doubling their share of German mid-market deals
Cerberus, JC Flowers to acquire HSH Nordbank
German daily reports that an informal agreement has been in place for several weeks
Speedinvest in $14.5m series-B for Payworks
Corporate venturing arms of Commerzbank (CommerzVentures) and Visa led the round
Golding to launch new FoF in H2
Golding announces new fund after a record year of fundraising across all strategies
Frog Capital leads €3m series-D for Sofatutor
Acton Capital Partners, JCMB Beteiligungs and IBB Beteiligungsgesellschaft also take part
Ergon backs merger of SVT and Rolf Kuhn
Combined group will generate a turnover of €150m and employ 600 people in 60 countries
One Peak leads $22m funding round for Spryker
Existing investors, including Berlin-based Project A Ventures, also take part in the round
HQ Capital appoints four to advisory board
Advisory board is set to meet twice a year and will advise the executive board of the buyout firm
German tax act gives LPs exemption rate of 80%
New rules apply to German and international funds treated as corporate taxpayers
DPE sells Elatec to Summit
DPE acquired its stake in Elatec in January 2016, drawing equity from the €575m fund DPE III
EQT sells CBR Fashion Group to Alteri
Deal ends a holding period of almost 11 years for EQT, after SBO from Apax and Cinven
Navigator buys ENA Guss Albbruck
ENA filed for insolvency in October 2017 and generates revenues of approximately €10m
Quantum holds final close on €77.5m hard-cap
New vehicle will employ the same strategy as the last, investing in complex carve outs
EQT-backed Piab acquires Feba Automation
Deal marks the second bolt-on in three months after Piab acquired SAS Automation in 2017
Inception leads €2.2m seed round for Penta
Fresh capital will be used to hire more staff to support the company's growing customer base