News
SWEDEN - Hannes Snellman appoints new managing partner
Nordic law firm Hannes Snellman has appointed Carl-Henrik Wallin new managing partner, replacing Johan Aalto.
UK - Darwin acquires Hampson Aerospace for £23.7m
Darwin Private Equity has acquired the aerospace machining division of Hampson Industries plc in deal worth close to ТЃ24m.
GERMANY - BVK study reveals German private equity disadvantaged
A new report initiated by the BVK has revealed that private equity in Germany is being placed a competitive disadvantage to both the US and other EU countries by a lack of tax transparency and cumbersome legislation.
UK - Maven invests £1m into Vamosa
Maven Capital Partners, via the Capital Enterprise Fund, has invested ТЃ1m in Vamosa, a provider of software for Enterprise Content Governance.
SWITZERLAND - Zurmont Madison's CLS acquires Scandinavian Translators
Zurmont Madison Private Equity-backed communication technology business CLS Communication has acquired Copenhagen-based rival Scandinavian Translators for an undisclosed amount.
NETHERLANDS - PPM backs VIBES
Participatiemaatschappij Oost Nederland (PPM Oost) has invested an undisclosed amount in engineering firm Virtual Building Enginners (VIBES).
GERMANY - Private equity interest in Warburg's easycash
Reports indicate that several private equity firms are among the interested parties who have submitted first round bids for Warburg Pincus' credit card transaction business Easycash GmbH.
GERMANY - The Foo launches EUR 25m sustainability fund
Munich-based venture firm The Foo has launched a EUR 25m sustainability fund, which will aim to make investments that fit social, ecological and economical sustainablility criteria.
UK - Octopus leads £4.5m KeTech investment
Octopus Investments, through the Octopus Capital for Enterprise Fund, has invested ТЃ2m into systems integrator company KeTech Group as part of a ТЃ4.5m funding round for the business. Centric Commercial Finance provided ТЃ2.5m of invoice discounting...
UK - VC-backed Zoopla acquires PropertyFinder
Octopus Ventures- and Atlas Venture-backed Zoopla, a provider of residential property value data, has acquired rival PropertyFinder from News International and the REA Group for an undisclosed sum.
UK - Existing backers invest $11m into Ubiquisys
Existing VC backers have invested $11m in specialist femtocell company Ubiquisys, in a third round of funding for the business. The company has previously raised $42m from Accel Partners, Advent Venture Partners, Atlas Venture, Google and T-Mobile Venture...
UK - Probitas appoints two from Deloitte placement team
Placement agent Probitas Partners has announced the appointment of James Coleman and Vincent le Hodey to its London office as managing director and director respectively. Both come from the placement team at Deloitte, which is said to be winding down....
UK - Hermes appoints new COO
Hermes has hired John Mould as COO of the company.
GLOBAL - LGT Capital holds $268m first close of secondaries fund
LGT Capital Partners has held a first close of its global secondary fund, Crown Global Secondaries II (CGS II), on $268m.
GLOBAL- TA Associates closes 11th fund on $4bn
Private equity firm TA Associates has closed its latest fund, TA XI, on $4bn, comfortably surpassing its $3.5bn target.
GERMANY - MIG leads nfon investment
MIG Funds has led an investment into web-based telephone company nfon AG, alongside Earlybird and High-Tech Gründerfonds, in a high single digit million Euro third round of funding.
SWITZERLAND - SHS backs Spinelab
SHS Gesellschaft für Beteiligungsmanagement (SHS) has participated in a second round of financing for medical technology company Spinelab AG.
SWEDEN - Segulah appoints ex-Kraft Foods CEO as industrial partner
Swedish buyout house Segulah has appointed Peter Elving, the former CEO of Kraft Foods, as industrial partner.
NETHERLANDS - PPM Oost backs Pillkey
Participatiemaatschappij Oost Nederland (PPM Oost) has invested an undisclosed sum in medical equipment company Pillkey, alongside software developer and supplier Inforay Inernational.
BELGIUM - ING leads EUR 3m investment round for Cmosis
ING Corporate Investments has led a EUR 3m round for technology start-up Cmosis NV, contributing about half of the total investment. A further EUR 500,000 was provided by ING Activator Fund, another member of the ING group, with Vlaams Innovatiefonds...
GERMANY – Bain Capital could be losing Bavaria Yacht
According to reports, Bain Capital might be losing its stake in troubled yacht builder Bavaria Yacht.
UK - SEP et al. invest further $16m into VirtenSys
Returning backers Scottish Equity Partners (SEP), Celtic House Venture Partners and Gimv have completed a $16m series C round of funding for information communications technology company VirtenSys.
UK - SEP et al. invest further $16m into VirtenSys
Returning backers Scottish Equity Partners (SEP), Celtic House Venture Partners and Gimv have completed a $16m series C round of funding for information communications technology company VirtenSys.
GERMANY - Dubai Intl Capital and Oaktree drop Almatis co-operation
Reports suggest that Dubai International Capital (DIC) and distressed debt investor Oaktree have decided not to follow through on the restructuring plans for alumina-maker Almatis, which DIC acquired in 2007.