News
UK - Alchemy considering new distressed debt fund
Reports suggest that Alchemy Partners is contemplating launching a second fund targeting distressed debt and special opportunities.
GERMANY/AUSTRIA – SocGen appoints new chief country officers
Société Générale Corporate & Investment Banking has appointed Francis Repka and Benoît Riehl as new chief country officers for Germany and Austria respectively.
EUROPE - smac partners closes new secondaries fund
Munich-based venture capital firm smac partners has closed its new secondaries vehicle, smac partners fund III, which will be advised by UK-based Headway Capital Partners.
GERMANY - CAM Private Equity hires Andrés Ebhardt
CAM Private Equity has strengthened its sales team with the addition of Andrés Ebhardt as partner.
FINLAND - Pohjola Private Equity closes mezzanine fund
The private equity arm of the Finnish bank Pohjola has held a second closing on EUR 70m of its fund-of-funds Selected Mezzanine Funds I.
UK - Elysian hires John Ransford
Elysian Capital has appointed John Ransford to its Special Advisors Council.
UK - CVC and Swiss Re to make £6bn joint bid for RBS insurance assets
CVC Capital Partners is reported to have teamed up with reinsurance group Swiss Re to make a joint bid for Royal Bank of Scotland's insurance assets that would value the business at more than ТЃ6bn.
IRELAND - Celtic House and Capital-E lead USD 14m Movidia funding
Celtic House Venture Partners and Capital-E have led a USD 14m series-A funding round for mobile phone video processor company Movidia, alongside Emertec Gestion, AIB Seed Capital Fund and Enterprise Ireland.
FRANCE - Ventech et al invest EUR 8m into Augure
New investors Ventech and Serena Capital have joined returning backers Société Générale Asset Management (SGAM AI), OTC Asset Management and Ouest Ventures in an EUR 8m fourth funding round for software business Augure.
UK - Foresight hires marketing manager
Foresight Group has hired Louise Farley as marketing manager.
UK/GERMANY - Electra Partners invests EUR 45m into Steadfast fund
Electra Partners has purchased a significant interest in Steadfast Capital Fund I, managed by Steadfast Capital GmbH, for EUR 45m.
NETHERLANDS - PTV completes spinout of five technology ventures
Prime Technology Ventures (PTV), together with Philips Corporate Technologies, has completed the spin-out of five technology ventures from the Philips Corporate Technology incubator venturing program.
CEE – Riverside acquires Metrolab to bolster Diatron
The Riverside Company has acquired Argentine chemical analyzer UV-Vis Metrolab as a bolt-on to Diatron, a Hungarian maker and marketer of hematology analysers for the human and veterinarian markets.
UK/ASIA - ICG closes second Asia Pacific fund on USD 1bn
Intermediate Capital Group Plc has held a final closing of its second fund dedicated to mezzanine investments in the Asia Pacific region, Intermediate Capital Asia Pacific Fund II, on USD 1bn, substantially lower than the USD 1.5bn target.
UK - KKR-backed Boots acquires Megapharm
KKR-backed pharmaceuticals retailer Alliance Boots has acquired a 90% stake in German oncology product distributor Megapharm. Matthias Ackerman, Megapharm's chief executive, will retain the balance and will continue to lead the business.
ITALY - Dewey LeBoeuf appoints new partner
Dewey LeBoeuf has appointed Pierluigi De Biasi as a partner in its M&A and Private Equity practice in Milan.
UK – Impax appoints new COO
Specialist environmental investment company Impax Group has appointed Charlie Ridge as chief operating officer.
ITALY - Clessidra seeks partner for Cerved deal
It is understood that Clessidra is seeking to partner with another private equity firm to present a takeover bid for business database Cerved.