News/DACH

GERMANY - eCapital et al inject EUR 8.5m in Novaled

eCapital, TechnoStart, KfW and Tudag, Credit Agricole Private Equity, TechFund and CDC Innovation have injected EUR 8.5m into OLED company Novaled AG.

Early-stage
15 January 2009

NORWAY/SWITZERLAND - Consortium invests EUR 10m in ReVolt Technology

NorthZone Ventures, SINTEF, SOFINNOVA Partners, TVM Capital, Verdane Capital, Viking Venture and new corporate venture investor RWE Innogy have raised EUR 10m for a B-round investment in ReVolt Technology.

Early-stage
15 January 2009

GERMANY - HTGF partially exits InterMed Discovery

High-Tech Gründerfonds (HTGF) has sold a significant part of its interest in natural product lead-discovery company InterMed Discovery GmbH to Malaysian Life Science company Biotropics Malaysia Berhad, achieving a high single-digit multiple.

Exits
15 January 2009

DACH - Sal Oppenheim Private Equity Partners strengthens sales team

Sal Oppenheim Private Equity Partners, a merger of CAM Private Equity, VCM Capital Management and the alternative investment division of the Sal Oppenheim Group, has expanded its sales force with the addition of Jan Graf von Bassewitz and Sabine Rummel.

People
15 January 2009

GERMANY - 3i to cut Frankfurt staff

According to reports, 3i has undertaken measures to cut staff in its Frankfurt office.

People
14 January 2009

GLOBAL - Advent International promotes 18

Advent International has promoted 18 members of its global investment team.

People
14 January 2009

GERMANY - Aheim acquires Remy & Geiser

Aheim Capital has acquired pharmaceutical packaging Remy & Geiser GmbH, together with the new CEO, Christoph Hanschke, and the existing management team, for an undisclosed sum.

Buyouts
14 January 2009

EUROPE - Credit Suisse sets up restructuring advisory division

It is understood that Credit Suisse has established a new division to provide restructuring advice to companies and private equity firms in Europe, the Middle East and Africa (EMEA).

People
13 January 2009

AUSTRIA - Global Equity Partners sells I&T GmbH

Global Equity Partners has sold its stake in automotive components I&T GmbH in a secondary management buyout for an undisclosed sum.

Exits
12 January 2009

EUROPE - Value of buyouts plunges to five year low

The value of private equity-backed acquisitions across Europe fell to a five-year low in 2008 amidst continuing illiquidity in the debt markets and a worsening macroeconomic climate, dropping by 61% from 2007's record high of more than EUR 184bn to EUR...

Industry
12 January 2009

EUROPE - Balderton holds $430m first closing of fourth fund

Balderton Capital has held the first close of its new $500m vehicle, Balderton IV, on $430m.

Venture
12 January 2009

GLOBAL - LBPE agrees to buy back more shares

Lehman Brothers Private Equity Partners has amended the liquidition enhancement agreement from July 2008 to raise the amount of shares it can buy back.

Industry
09 January 2009

GERMANY - Earlybird invests in nfon AG

Earlybird has invested in web-based telecommunications solutions provider nfon AG.

Early-stage
08 January 2009

GERMANY - WMS supports IMM Group with EUR 1.75m

Wachstumsfonds Mittelstand Sachsen (WMS) has backed electrical components manufacturer IMM Holding GmbH with an investment of EUR 1.75m, which comprises a direct stakeholding and a silent partnership.

Expansion
08 January 2009

SWITZERLAND - Aravis and IGC lead CHF 32m Synosia investment

Aravis Venture and Investor Growth Capital have co-led a CHF 32m Series-B funding round for Synosia Therapeutics, alongside Swiss Helvetia Fund and historical backers Versant Ventures, Abingworth, Novo A/S and 5am Ventures.

Early-stage
07 January 2009

GLOBAL - Secondaries pricing dips to five year low

Pricing of limited partnership interests on the secondaries market dipped to its lowest level for five years in H2 2008, with the average high bid falling to just 61% of NAV according to the Winter 2008 Secondary Pricing Analysis Interim Update , produced...