European Venture Capital Journal articles from April 2004

European Venture Capital Journal archives from April 2004

Financial sponsor of the year--large funds *.(Awards EVCJ 2003)
April 1, 2004... CVC CAPITAL PARTNERS CVC Capital Partners wins EVCJ's financial sponsor of the year large funds for work undertaken in 2003. The firm made a number of interesting new investments during 2003 as well as being able to secure some...

Financial sponsor of the year--mid size funds *.(Awards EVCJ 2003)(ISIS Private Equity)
April 1, 2004... MONTAGU PRIVATE EQUITY Montagu Private Equity wins EVCJ's financial sponsor of the year--mid size funds for work undertaken during 2003. The firm made a number of interesting new investments during 2003 as well as being able to secure some...

VC house of the year.(Awards EVCJ 2003)(venture capital )(European Venture Capital journal)(Brief Article)
April 1, 2004... APAX Apax is crowned EVCJ's venture capital house of the year for the third year running due to its continued commitment to early stage companies. Criteria for this award included money invested in new investments, as well as further...

LBO debt provider of the year.(Awards EVCJ 2003)(European Venture Capital journal )
April 1, 2004... JOINT WINNER: BARCLAYS CAPITAL Barclays Capital is joint winner of EVCJ's LBO debt provider of the year for work undertaken in 2003 for the range of high profile and successful debt packages that it arranged during the year. These...

Mid market debt provider of the year.(Awards EVCJ 2003)
April 1, 2004... BANK OF SCOTLAND Bank of Scotland wills EVCJ's mid market debt provider of the year for work undertaken in 2003 for the range of debt packages that it arranged during the year throughout both the UK and continental European markets. Deals...

Mezzanine provider of the year.(Awards EVCJ 2003)(ICG)
April 1, 2004... ICG ICG wins EVCJ's mezzanine provider of the year category for the depth of investing it has carried out across the European market and its continuing commitment to building out its franchise. To date, 70% of ICG's portfolio is invested...

Realisation of the year.(Awards EVCJ 2003)(European Venture Capital journal )(Brief Article)
April 1, 2004... APAX PARTNERS & HICKS, MUSE TATE & FURST FOR THE YELL IPO Apax Partners & Hicks, Muse Tate & Furst win EVCJ's realisation of the year in 2003 for the Yell IPO. Although this was an IPO both firms wished to get away in 2002 the market...

Private equity accountancy firm of the year.(Awards EVCJ 2003)
April 1, 2004... DELOITTE & TOUCHE Winner of EVCJ's private equity accountancy firm of the year for the second year running is Deloitte & Touche based on the firm's commitment to the private equity industry across Europe. Factors considered in judging...

Private equity law firm of the year.(Awards EVCJ 2003)(European Venture Capital journal)(Brief Article)
April 1, 2004... CLIFFORD CHANCE Clifford Chance is the winner of EVCJ's private equity law firm of the year in 2003. In considering the criteria for the award, both the firm's involvement in transaction work and its dedication to private equity fund...

500m [euro] for German venture FoFs.(Funds)(ERP-EIF Dachfonds)(venture fund-of-funds)(Brief Article)
April 1, 2004... ERP-EIF Dachfonds, a 500m [euro] venture fund-of-funds, has been launched to invest in German high tech venture capital funds EIF will manage the investments on behalf of the German Federal Ministry of Economics and Labour (BMWA) and ERP, the...

Euro PE 2003 performance figures.(News)(Brief Article)
April 1, 2004... Overall there was a slight decrease in the performance of European private equity in 2003, compared with 2002 figures, according to European Venture Capital Association figures compiled by Thomson Venture Economics. Pooled private equity...

2003 Euro fund raising and investment.(News)(Brief Article)
April 1, 2004... Figures compiled by Thomson Venture Economics and PricewaterhouseCoopers on behalf of the European Venture Capital Association's membership indicate 2003 was only a slightly better year for fund raising than 2002. Fund raising in 2003 stands at...

Sagitta raises fund and goes independent.(News)(Brief Article)
April 1, 2004... Sagitta Private Equity Partners has raised 105m [pounds sterling] for its third fund, Sagitta Private Equity Partners III, and secured a 100% management buyout from investment firm Sagitta, of which it was part. The move coincides with Sagitta...

Exponent Private Equity launched.(News)(Helix Associates)(Brief Article)
April 1, 2004... The gang of four ex-3i venture capitalists, Tom Sweet-Escott, Richard Campin, Chris Graham and Hugh Richards, who have turned to Helix Associates to help them raise an independent fund, have decided to call themselves Exponent Private Equity....

Close Brothers PE closes 7th fund.(Funds)(Private Equity )(Brief Article)
April 1, 2004... Close Brothers Private Equity has closed its seventh fund at 360m [pounds sterling]. This is a considerable increase on its sixth fund, which went out with a target of 200m [pounds sterling] and closed almost two years to date on 202m [pounds...

Summit raises $465m sub debt fund.(Funds)(Summit Partners)(Brief Article)
April 1, 2004... Summit Partners, which operates from offices in London, Boston and Palo Alto, has closed its third fund, Summit Subordinated Debt Fund III. The $465m fund will co-invest with Summit Partners' equity funds and will provide up to $70m of...

AXA PE FoFs II hits target.(Funds)(Private Equity )(Brief Article)
April 1, 2004... AXA Private Equity is on track to close its second fund-of-funds vehicle at 250m [euro] at the end of this month. See EVCJ July/August 2003 for details on the fund's first close. The fund is structured to make private equity fund investments in...

ICG closes fund.(Funds)(Intermediate Capital Group )(Brief Article)
April 1, 2004... UK listed mezzanine fund provider Intermediate Capital Group has announced a final close on its sixth mezzanine fund at over 5650m [euro]. Including leverage, the fund will be boosted to lbn [euro], which is over three times the size of the...

Duke Street debt business is sold.(News)(Duke Street Capital)
April 1, 2004... In early March Duke Street Capital Debt Management (DSCDM), the debt fund management division of Duke Street Capital, was reported to be looking at ways to introduce more capital to the business. A joint venture, selling off a majority stake or...

Larcombe steps down as 3i chief exec.(News)(Brian Larcombe, 3i Group PLC)(Brief Article)
April 1, 2004... 3i's chief executive, Brian Larcombe, will retire from 3i at the next annual general meeting on July 7. Larcombe has been CEO since July 1997 and was finance director when 3i floated in 1994. The announcement follows reports that the firm is...

Pomona $1.1bn ING portfolio.(News)(Brief Article)
April 1, 2004... Pomona Capital is taking over the management of ING's US insurance companies' private equity portfolio. The portfolio consists of investments in 57 funds with around $600m in committed capital. Pomona will also build a diversified private...

Mezzanine JV for DrKW and Anschutz.(News)(joint venture, Dresdner Kleinwort Wasserstein, Anschutz Investment Co.)(Brief Article)
April 1, 2004... Dresdner Kleinwort Wasserstein and the Anschutz Investment Company have created a joint venture to invest in the growing European mezzanine debt sector. Dresdner Anschutz Mezzinvest (DAM) will be based in Luxembourg and focus on mezzanine debt...

EVP to raise 105m [euro].(Funds)(European Venture Partners, European Investment Fund, Alternative Assets Solutions Group)
April 1, 2004... European Venture Partners, a provider of venture leasing products to the early stage venture capital market, has unveiled its second venture leasing leveraged fund, EVP II with a target of 105m [euro]. The European Investment Fund (EIF) and...

Bank of Attica VC fund.(Funds)(venture capital)(Brief Article)
April 1, 2004... The Bank of Attica and Taneo's government-backed New Economy Development Fund have launched a 30m [euro] venture capital fund targeting opportunities in the Greek market. Bank of Attica has committed 15m [euro] and TANEO has allocated...

ARCIS closes ESD Fund III.(Funds)(Brief Article)
April 1, 2004... European secondary investor ARCIS has reached a final closing of ESD Fund III at 175m [euro], making this its largest fund to date and almost twice the size of its previous fund. ARCIS specialises in the purchase of secondary positions in...

Hamilton Bradshaw unveils new venture.(News)(Brief Article)
April 1, 2004... Hamilton Bradshaw (HB), a new private equity company firm founded by two entrepreneurs James Caan and Tony Sarin, has launched. The company has funds of 30m [pounds sterling]to invest, which have been provided by the founders and a small number...

Baring Financial Services opens in Jersey.(News)(Brief Article)
April 1, 2004... Baring Financial Services Group opened a third-party fund administration office in Jersey on March l. The office is to provide specialist expertise in private equity, property, hedge funds and fund-of-funds. Baring Financial Services has a...

Matrix buys GLE PE business.(News)(Matrix Equity Group Inc., Greater London Enterprise Co., private equity )
April 1, 2004... Matrix Group has acquired GLE Development Capital (GLEDC), the private equity arm of Greater London Enterprise. The transaction marks a long-anticipated consolidation of the VCT industry where many of the smaller VCTs have been suffering from...

Merlin Biosciences & Vaekstfonden partner.(News)
April 1, 2004... Merlin Biosciences, which is raising its third fund due to close at the end of this month, is to form a strategic partnership with Vaeskstfonden, the largest venture capital provider in Denmark. The partnership will enable both groups to pursue...

Shot in the arm for VCT fund raising?(News)
April 1, 2004... UK Chancellor of the Exchequer Gordon Brown gave a potential shot in the arm to the fund raising efforts of Venture Capital Trusts (VCTs) in his March 17 Budget speech. VCTs, listed on the London Stock Exchange's Alternative Investment Market,...

UK to get a new science park.(News)(Brief Article)
April 1, 2004... Rt Hon John Prescott, UK deputy Prime Minister, has unveiled plans to build a three quarters of a million square feet science park in Kent, south east of England. There is a consultation process planned before plans are submitted later this...

Vitesse buys All-Stars Awards.(News)(Vitesse Media acquires rights)(Brief Article)
April 1, 2004... AIM-listed Vitesse Media is buying the rights to the Investor All-Stars Awards ceremonies. The rights are being bought from corporate finance house GP Capital for an initial 33,000 [pounds sterling] with further payments up to a maximum of...

Social Enterprise doing well in UK.(News)(Brief Article)
April 1, 2004... The Social Enterprise Monitor has been launched revealing that 6.6% of the UK population is engaged in setting up or managing businesses that trade with a social purpose. The UK research, likely become an annual event, was co-ordinated by...

Chemicals sector attracts high yield.(News)(Brief Article)
April 1, 2004... The chemicals sector is expected to attract strong high yield issuance in 2004 on the back of increased buyout activity, according to a report from international ratings agency Fitch. However, the agency cautions that high financial leverage is...

SVIIT name change.(News)(Schroder Ventures International Investment Trust plc, SVG Capital plc)(Brief Article)
April 1, 2004... Schroder Ventures International Investment Trust plc, which is a fund-of-funds Business that invests significantly In Permira (formerly Schroder Ventures) Funds, has proposed changing its name to SVG Capital plc.

Israel: fund raising on the up.(News)(Brief Article)
April 1, 2004... Funds raised by Israeli venture capital funds have taken a turn for the better reaching 118m [pounds sterling] in 2003, netting $28m, according to the Israel Venture Capital Research Center. The positive net amount raised in 2003 is in stark...

LGT Capital Partners wins AP7 mandate.(News)(Seventh National Swedish Pension Fund)(Brief Article)
April 1, 2004... Swiss-based alternative investment manager LGT Capital Partners has been appointed by the Seventh National Swedish Pension Fund as a manager for its fund AP7's private equity investments. AP7 previously invested in LGT Capital Partners'...

Asset allocation: the right approach?(News)
April 1, 2004... What should be the share of private equity in the portfolio of European institutional investors'? The answer, according to research from the European Venture Capital Association, CDC Ixis Capital Markets and the Center for Entrepreneurial and...

Quick view.(business)(Brief Article)
April 1, 2004... Waterstone gets Early Learning exclusivity Hyva exit for Alpha B CVC exits Novem Eircom returns to public life Dignity sale for Montagu Partial Linpac exit for Montagu ARK celebrates listing Opera awaits IPO CSR: biggest tech IPO for three...

Waterstone gets Early Learning exclusivity.(Exits)(Waterstone's Booksellers Ltd.)(Brief Article)
April 1, 2004... Tim Waterstone, founder of the Waterstone book chain, has entered into a period of exclusivity to negotiate its purchase of the Early Learning Centre business, which 3i bought from John Menzies plc in September 2001. Press repots put the...

Hyva exit for Alpha B.(Exits)(Alpha Beteiligungsberatung)(Brief Article)
April 1, 2004... Alpha Beteiligungsberatung, which acquired Dutch Hyva Beheer, the manufacturer of hydraulic lifting cylinders and cranes tot tracks, in November 1999 for $57m has sold it in a secondary buyout to 3i. 3i has reputedly paid 125m [euro] for the...

Dignity sale for Montagu.(Exits)(Brief Article)
April 1, 2004... Dignity Caring Funeral Services, the UK funeral services provider bought by HSBC Private Equity (now Montagu Private Equity) in February 2002, is to float on the London Stock Exchange on April 1. Book building is currently underway so a listing...

ARK celebrates listing.(Exits)(Ark Therapeutics)(Brief Article)
April 1, 2004... European biotechnology company Ark Therapeutics has successfully listed on the London Stock Exchange The shares being sold in the IPO priced at 133 pence per share, raising 55m [pounds sterling] and giving the company a market capitalisation on...

CVC exits Novem.(Exits)(CVC Capital Partners sells Noven Car Interior Design to Alpinvest)(Brief Article)
April 1, 2004... CVC Capital Partners and Goldman Sachs have sold their interest in German-based Novem Car Interior Design to Alpinvest for 200m [euro] to Alpinvest Partners. CVC and Goldmans bought the business in December 1995 for approximately 110m [euro]...

Eircom returns to public life.(Exits)(Valentia Telecommunications)(Brief Article)
April 1, 2004... Eircon, the principal provider of fixed line telecommunications services in Ireland, which was bought in a public-to-private bid by a consortium known as Valentia Telecommunications, resumed its public status with a dual listing in Dublin and...

Partial Linpac exit for Montagu.(Exits)(Montagu Private Equity sells Linpac Containers Group)(Brief Article)
April 1, 2004... Linpac Group, the diversified supplier of paper and plastics-based packaging, returnable packaging systems and plastic automotive components bought by Montagu Private Equity in June last year, has sold its Linpac Containers Group unit to DS...

Opera awaits IPO.(Exits)(Opera Software)(Brief Article)
April 1, 2004... Norwegian web technology company Opera Software has issued between 12.5 million and 16.1 million new shares in relation to its impending IPO on the Oslo Stock Exchange. In addition, existing shareholders have decided to sell 11,844,900 existing...

CSR: biggiest tech IPO for 3 years.(Exits)(Cambridge Silicon Radio)(Brief Article)
April 1, 2004... Investors in CSR, formerly Cambridge Silicon Radio, should be pleased with the company's debut on the London Stock Exchange. Shares in the company met strong demand, changing hands for 242 pence against an offer price of 200 pence, according to...

Basilea targets Swiss exchange.(Exits)(Brief Article)
April 1, 2004... Swiss biopharmaceutical company Basilea Phannaceutica announced plans to list on the SWX Swiss Exchange through an IPO in late March. The timing of the launch is still subject to market conditions. Credit Suisse First Boston and Morgan Stanley...

Ukraine raises PE profile.(Exits)(Western NIS Enterprise Fund)(Slobozhanska Budivelna Keramika)(Raiffeisen Investment AG)(Brief Article)
April 1, 2004... Ukrainian private equity fund Western NIS Enterprise Fund has realised its investment in Slobozhanska Budivelna Keramika (SBK), a Ukrainian ceramic brick manufacturer. The transaction is one of the largest private equity exits in the Ukraine...

Innova Capital sells Ceramika.(Exits)(Ceramika Gres)(Brief Article)
April 1, 2004... Central European investor Innova Capital has realised its investment in Ceramika Gres. The business has been sold to Polish sanitary ware producer Sanplast for an undisclosed sum. Innova Capital's second fund, Innova/98, acquired a 96%...

Gemini sells Riverhead.(Exits)(Cisco Sytems to buy Riverhead Networks)(Brief Article)
April 1, 2004... Cisco Systems is to acquire Riverhead Networks, a developer of security technology. Riverhead was co-founded in 2000 by Gemini Israel Funds, which invested in a seed round and two subsequent rounds of funding totalling some $15m. Cisco will pay...

Oriflame returns to public market.(Exits)(Oriflame Cosmetics)
April 1, 2004... Industri Kapital portfolio company Oriflame Cosmetics has returned to the public market though a successful float on the Stockholm Exchange's O-List making it the first offering on the Swedish stock exchange for 18 months. Industri Kapital has...

Cinven consortium sells Unique.(Exits)(Unique Pub Company )(Brief Article)
April 1, 2004... Enterprise Inns has acquired Unique Pub Company providing a return of over two times invested capital for the Cinven-led consortium that originally invested in the group. Enterprise Inns will acquire the 83.2% stake in the group held by Cinven,...

GIMV realises stake in Kinepolis.(Exits)(Brief Article)
April 1, 2004... Belgian investor GIMV has sold its entire remaining stake in Kinepolis Group real]sing a capital gain of 55m [pounds sterling]. As a result of the sales 686,860 Kinepolis shares have been replaced by various institutional investors from Belgium...

OHM celebrates AIM float.(Exits)(Offshore Hydrocarbon Mapping Limited )
April 1, 2004... University of Southampton technology spin out Offshore Hydrocarbon Mapping Limited (OHM) has floated on London's Alternative Investment Market (AIM) valuing the company at just under 50m [pounds sterling]. OHM, a provider of remote...

VCs reap benefits from Kelkoo sale.(Exits)(venture capital )(Brief Article)
April 1, 2004... VC investors in online shopping service Kelkoo look set to benefit from the sale of the Internet group to Yahoo generating a reported return of five times their money Yahoo! will acquire the Internet business for an aggregate cash purchase...

GIMV sells stake in DEME.(Exits)(securities)(Brief Article)
April 1, 2004... GIMV has sold its 3% stake in DEME to Ackermans & Van Haaren and CFE. Both shareholders now control 50% of DEME. They are each paying 4.8m [euro] for an additional 1.5% interest in the company. GIMV first became a shareholder el DEME in...

DVC sells LASOR.(Exits)(DVC Deutsche Venture Capital)(Brief Article)
April 1, 2004... DVC Deutsche Venture Capital has sold its stake in LASOR to Isra Vision Systems. Financial details of the transaction are undisclosed. DVC has been a shareholder in the company since 1999 and since then the business has grown to achieve a...

Avecia sells Biocides business.(Exits)(Brief Article)
April 1, 2004... Cinven and Investcorp portfolio company Avecia has signed an agreement to sell its Biocides business to Arch Chemicals for around $215m. Net proceeds from the sale will be used to repay Avecia's bank debt. Cinven and Investcorp backed the...

Groupe Moniteur in secondary buyout.(Exits)(Sagard acquires Groupe Moniteur)
April 1, 2004... French-Canadian private equity group Sagard has acquired Groupe Moniteur from a consortium of private equity investors in a 275m [euro] secondary buyout. Le Moniteur, a leading French publisher in the building and local authorities sector,...

3i relinguishes MORI stake.(Exits)(Brief Article)
April 1, 2004... ISIS Equity Partners has taken a significant stake in UK independent research organisation MORI in a secondary buyout transaction. 3i, which has held a stake in the company since 1986, has made a complete exit from the business as MORI's...

CD&R sells Jafra Cosmetics.(Exits)(Vorwerk to acquire company from Clayton, Dubilier and Rice)(Brief Article)
April 1, 2004... German-based Vorwerk is to acquire Jafra Cosmetics International from Clayton, Dubilier & Rice (CD&R), which owns 84% of the direct selling cosmetics company. Terms of the deal are undisclosed. CD&R led the $200m acquisition of Jafra Cosmetics...

Carlyle and Credit Lyonnais exit Egencia.(Exits)(Credit Lyonnais rivate Equity)
April 1, 2004... The Carlyle Group and Credit Lyonnais rivate Equity have exited their investment in French Internet travel company Egencia generating an TRR of over 30%. The company has been sold to InterActiveCorp (IAC), owner of US Internet travel form...

MTI & VCF Partners sell ACG.(Exits)(Advanced Composite Group Holdings)(Brief Article)
April 1, 2004... MTI, the UK early stage investor, and VCF Partners have sold their interests in Advanced Composite Group Holdings (ACG) to UMECO plc for 44.25m [pounds sterling]. MTI led the March 1999 investment from its 1997 fund. At that time MTI acquired a...

Quester exits Sterix.(Exits)(Brief Article)
April 1, 2004... Quester has sold its interest in Sterix to Ispen. Quester invested 1m [pounds sterling] in April 2001, although Sterix was first formed in 1998 when it was spun out of Imperial College, London and the University of Bath. Sterix was...

Media mania.(Buyouts)
April 1, 2004... M&A activity in Europe's media sector is predicted to rise this year, driven by deregulation and continued corporate restructuring. Professional publishing will continue to attract private equity interest, while following a dramatic improvement...

Europe ahead of UK says CMBOR.(Buyouts)(Illustration)
April 1, 2004... Figures from the Centre for Management Buy-Out Research show that in 2002 and 2003, the first time in a decade, continental European buyouts, by value, are ahead of the UK by some 60%. However, the UK remains ahead of continental Europe...

CE Europe buyouts grow in popularity.(Buyouts)(Central and Eastern)(Brief Article)
April 1, 2004... Private equity investments in the Central and Eastern European accession states may realise more attractive returns than those in the existing EU states, according to a new report from the Centre for Management Buy-Out Research (CMBOR.) ...

France: LBOs put in good performance.(Buyouts)( LBO Left Business Observer )
April 1, 2004... Signs indicate an upturn in the market, according to a preliminary report of the French private equity market by the French Venture Capital Association, AFIC and Ernst & Young. Estimation as of March 8, 2004 records an overall improvement of...

LBO syndications arranged in March.(Buyouts)
April 1, 2004... QUICK VIEW Aliplast Almatis Autobar Baxi Betapharm Arzneimittel's Brenntag's Cabelcom Celanese Clondalkin Deb Group Debenhams Dedalo Europastry FPEE Industries Global...

Refinancings.(Buyouts)
April 1, 2004... cablecom cablecom has extended the initial mandated lead arranger group on its Sfr1.35bn refinancing from Deutsche Bank, Goldman Sachs and JP Morgan to include BNP Paribas and CSFB. The banks have equal roles. The banks have soft launched...

High yield.(Buyouts)
April 1, 2004... cablecom cablecom bas extended the initial mandated lead arranger group on its Sfr1.35bn refinancing from Deutsche Bank, Goldman Sachs and JP Morgan to include BNP Paribas and CSFB. The banks have equal roles. The banks have soft launched...

Private equity-backed takeovers subject to EU competition law.(Buyouts)
April 1, 2004... ABB Private equity backer: Candover, 3i, JPMorgan Partners Business description: Oil & gas business of ABB Deal value: 729m [euro] Notified: 20/01/04 Provisional deadline: n/a Cleared: 20/02/04 The European...

Go4Venture moves.(location)(Brief Article)
April 1, 2004... Go4Venture has moved to larger offices in Mayfair, London. The group can now be found at 1 Hay Hill, Berkeley Square, London W1J 6DH. Tel: +44 (0)20 7958 1672; fax: +44 (0)20 7409 2557.

BoA hires.(People)(Banc of America Securities L.L.C. appointed Rommie Bhuntani as co-head of leveraged finance)(Brief Article)
April 1, 2004... Bane of America Securities has hired Rommie Bhuntani to fill the new position of co-head of leveraged finance. His main focus is on financial sponsors. Bhutani will report to Arrington Mixon, head of international debt, Eric Karp, global head...

Deutsche Bank recruits.(People)(appointed five bankers)(Brief Article)
April 1, 2004... Deutsche Bank has added five bankers to its European leveraged finance businesses underlining the bank's commitment to the leveraged debt market. David Wood has re-joined Deutsche Bank as a managing director and co-head of leveraged...

Barclays expands.(People)(two directors and three associate directors appointed)(Brief Article)
April 1, 2004... Barclays Capital has expanded its already strong European leverage finance team with the addition of five new professionals, two directors and three associate directors, to cover the financial sponsors market. Joining as directors are Ruud...

New face at Waterland.(People)(Karel Steup has joined Waterland Private Equity Investments B.V.)(Brief Article)
April 1, 2004... Karel Steup has joined Waterland Private Equity Investments in The Netherlands as principal, lie has extensive experience in guiding companies to growth and profitability both as investor, non-executive director and turnaround manager with a...

Larcombe to retire.(People)(3i Group PLC's chief executive Brian Larcombe )(Brief Article)
April 1, 2004... 3i's chief executive Brian Larcombe will retire from 3i at the next annual general meeting on July 7. Larcombe has been CEO since July 1997 and was finance director when 3i floated in 1994. The firm is on the look out for Larcombe's...

Deutsche Bet appts.(People)(appointments at Deutsche Beteiligungs AG)(Brief Article)
April 1, 2004... Deutsche Beteiligungs AG has elected Dr Fritz Lehnen chairman. Lehnen will succeed Prof Dr Dieter Feddersen, who resigned from the board after his six-year tenure having reached retirement age. Dr Lehnen has been a member of the supervisory...

DVC tech boost.(People)(DVC Deutsche Venture Capital appointed Bernhard Schmid)(Brief Article)
April 1, 2004... DVC Deutsche Venture Capital has strengthened its technology team with the appointment of Bernhard Schmid, former technology expert at Innotech. Schmid brings ten years of experience in information and communication technology. Prior to joining...

Glover to BVCA chair.(People)(British Venture Capital Association, Anne Glover)(Brief Article)
April 1, 2004... Anne Glover, co-founder and chief executive of Amadeus Capital, takes over as BVCA chairman this month replacing Richard Green. Vince O'Brien of Montagu Private Equity becomes vice chairman and Michael Queen, finance director of 3i, (and the...

Pantheon boosts team.(People)(appointments)(Brief Article)
April 1, 2004... Following the acquisition of Pantheon by Russell, three investment professionals from Russell's fund-of-funds business have joined Pantheon. Helen Steers, who has worked for Russell for five years and was head of the group's private equity...