European Venture Capital Journal articles from February 2009

European Venture Capital Journal archives from February 2009

Going ga-ga over Kaka: the Italian private equity industry would do anything for 100m [pounds sterling] right now, so must have looked on in envy when AC Milan turned away Manchester City's bid.(EDITOR'S NOTE)
February 1, 2009... [ILLUSTRATION OMITTED] When everything around you is falling apart, when high-street stores you've known since childhood are no more, when your bank statements are in a shade of red you didn't think existed, it's always refreshing to turn...

Americans prepare for Wedgewood swoop.(WATERFORD)
February 1, 2009... Irish-headquartered Waterford Wedgewood has entered into a letter of intent with New York-based private equity company KPS Capital Partners. The proposed acquisition, which is said to be in advanced stages, would involve the procurement of...

'Encouraging' efforts from private equity says watchdog.(LONDON)
February 1, 2009... In its first report on the UK private equity industry's conformity with the Walker Guidelines, the Guidelines Monitoring Group (GMG) found that there has been a high level of support and commitment to the directives from the industry. Half...

Close Bros warns of 250bn [pounds sterling] debt bill.(LONDON)(Brief article)
February 1, 2009... Banks and investors in the UK property sector must develop alternative financial solutions or face a potential 145bn [pounds sterling] price fall and a 125bn [pounds sterling] debt financing bill over the course of the next four years, warns...

Anti-PE meps demand timetable.(BRUSSELS)(European Commission's regulation for the private equity industry)(Brief article)
February 1, 2009... In the most aggressive call for change yet, three leading socialists have given the European Union's executive arm until mid-March to draft regulation for the private equity industry. In an open letter to Jose Manuel Barroso, the European...

UFG makes two exits.(ST. PETERSBURG)(Brief article)
February 1, 2009... UFG Real Estate Fund has made two exits with an aggregate net IRR of 67.75% from its industrial land development project. Two of the lots were sold to a Russian manufacturer and a logistics provider and are located in Fyodorovske Industrial...

Clessidra looks to fashion.(MILAN)
February 1, 2009... Milan-based private equity firm Clessidra Capital Partners has bought a minority stake in Italian designer Roberto Cavalli's fashion house. In April 2008 Cavalli put his business up for sale, and was hoping for offers in the region of 2bn...

Dealmakers need not apply: with investment activity at an all-time low and portfolio performance threatened by economic peril, private equity firms are worryingly low on operational experience. Aimee Donnellan reports on how the European buyouts industry is responding.(NEWS ANALYSIS)(Industry overview)
February 1, 2009... The private equity industry is recruiting. Fed up with sitting on their hands and waiting for the downturn to end, large buyout and mid-market players are busy recruiting turnaround managers, in the hope that by getting rid of dealmakers and...

Blue sky thinking: if every cloud has a silver lining, VCs will be overjoyed as cloud computing becomes the latest hot sector.(NEWS ANALYSIS)
February 1, 2009... [ILLUSTRATION OMITTED] Back in the day when A1 Gore was inventing the internet, some bright spark struck about the idea of representing the information super-highway as a cloud in computer network diagrams, presumably because they're both...

Breaking tradition: what next for private equity? Aimee Donnellan reports on where the LBO firms are turning now that their historical deal sources have dried up.(NEWS ANALYSIS)
February 1, 2009... You can't blame private equity buyout funds for trying to spot opportunities in a downturn. As the debt freeze continues, distressed debt, neglected infrastructure and flailing financial institutions are among the investment opportunities that...

Searching for a fair reflection: David Nicholson looks at how fair value is relevant in times of economic turbulence.(NEWS ANALYSIS)
February 1, 2009... The plunge in public market equities has put the private equity (PE) industry into a quandary. At face value--or at least at the value that one can surmise from equivalent listed companies--many PE-backed assets are now worth just a fraction of...

LODH raises 409m [euro].(MID-MARKET)(LODH Private Equity)(Brief article)
February 1, 2009... Zurich-based fund-of-funds LODH Private Equity, a member of the Lombard Odier Darier Hentsch Group, has held a second close on its Euro Choice IV fund at 409m [euro]. The amount is two thirds of the final target of 600m [euro], which the...

Zurmont closes 165m [euro] fund.(CLOSE)
February 1, 2009... Zurich-based private equity firm Zurmont Madison Management has roached a final closing on its latest fund, Zurmont Madison Private Equity, exceeding its 135m [euro] target. The latest fund closed on 165m [euro], and is focused on the...

Montefiore raises 120m [euro].(LOCAL SERVICES)
February 1, 2009... French private equity firm Montefiore Investment has closed a 120m [euro] fund. It will follow Montefiore's investment strategy of backing companies in the locally-supplied services sector. Montefiore has implemented a coinvestment...

Accel raises US$525m for third European fund: US VC targets European early-stage and growth opportunities.(TECHNOLOGY)
February 1, 2009... [ILLUSTRATION OMITTED] In the midst of an economic downturn, venture capital firm Accel Partners has successfully closed its UK-based fund Accel London III on US$525m. The London-based fund will continue to focus its investments on...

Oxford and Pi join forces: British venture backers target entrepreneurs.(VENTURE CAPITAL)
February 1, 2009... Two UK investor networks, Oxford Capital and Pi Capital, have teamed up to pool their capital and business experience in an attempt to attract more money in the early-stage space when so many VCs are abandoning it. Calling itself a...

ECI raises 430m [euro] for fund nine: target beaten as 90% of investor return to London-based firm.(BUYOUTS)(ECI Partners L.L.P.)
February 1, 2009... [ILLUSTRATION OMITTED] UK mid-market house ECI Partners has closed its ninth fund on 430m [pounds sterling], beating its target of 400m [pounds sterling] and brings the capital under management to over 880m [pounds sterling]. The fund...

Balderton on target for US$500m: ex-Benchmark Europe reaches first close.(EARLY STAGE)
February 1, 2009... London-based venture capital firm Balderton Capital has raised US$430m for the first closing of its fourth fund, and the first since its independence from US VC Benchmark Capital. The fund was launched in 2008 and aims to raise US$500m,...

Capman IX holds first close.(NORDIC)(Brief article)
February 1, 2009... Nordic buyouts house CapMan has held a first closing on its ninth fund, CapMan Buyout IX, on 203m [euro]. Headquartered in Helsinki, CapMan has interests in buyouts, technology, science, Russia, public markets and real estate. So far...

Gimv launches growth vehicle.(BELGIUM)
February 1, 2009... Belgian private equity firm Gimv has launched a growth fund with the backing of the Flemish Government. The fund--called simply XL--has raised 500m [euro] so far, 250m [euro] from Gimv itself, and 250m [euro] from the government....

UK Government to create tech fund.(START-UPS)(Brief article)
February 1, 2009... In a bid to save the UK's next generation of technology companies, the government is planning to setup a 1bn [euro] venture capital fund for high growth technology start-ups. The National Endowment for Science, Technology and the Arts...

Finvest handed US$2,5bn.(FUND-OF-FUNDS)
February 1, 2009... Swiss fund manager Finvest Asset Management has won a US$2.5bn mandate from a single, unnamed investor for investment in private equity. The initiative will be targeting listed companies in Europe and North America, investing in between 25...

ECI sells Racal: military headset maker bought for 115m [pounds sterling].(EXITS)
February 1, 2009... UK mid-market buyout firm ECI has sold Racal Acoustics to Esterline Technologies Corporation for 115m [pounds sterling]. Based in Harrow, Racal Acoustics is a provider of hearing protection and communications products for military and...

IK sells Dutch online store: Wehkamp realisation generates 5x return.(RETAIL)
February 1, 2009... [ILLUSTRATION OMITTED] IK Investment Partners, formerly known as Industri Kapital, has exited its investment in Dutch online shopping business Wehkamp, for a 5x return to private investors according to a source close to the deal. IK...

Nova struts to model exit: OpenGate buys high-profile UK business.(SECONDARY BUYOUT)(Nova Capital Management)(OpenGate Capital)(Brief article)
February 1, 2009... Private equity portfolio acquirer Nova Capital Management, has sold a stake in Models 1, the world famous model agency, to US buyouts firm OpenGate Capital in a deal which values the company at just under 70m [pounds sterling]. It is the...

HgCapital cashes in on Orbiscom: London firm sells last of dotcom investments.(FINANCIAL SERVICES)
February 1, 2009... [ILLUSTRATION OMITTED] UK mid-market outfit HgCapital has opened 2009 with an exit by selling software company Orbiscom for approximately US$100m to credit card giant MasterCard. Ireland-based Orbiscom specialises in providing software...

AXA spices up portfolio: Sfinc sold by Belgian buyouts house GIMV.(FUND)
February 1, 2009... French buyouts firm AXA Private Equity has acquired a majority stake in the Benelux food ingredients group Sfinc from GIMV. Sfinc produces and distributes spices, marinades and functional food ingredient blends for food processing companies...

Advent Ventures gains 100m [pounds sterling]: obesity specialist sold to US pharma group.(EXITS)
February 1, 2009... UKVC Advent Venture Partners has sold Thiakis, a spin-out of Imperial College, London which is developing drugs to combat obesity, to US group Wyeth Pharmaceuticals for around 20m [pounds sterling] up front with an additional 70m [pounds...

EVCJ Awards 2008: the 2008 EVCJ Awards dinner at the Dorchester Hotel in London was another successful event to help raise money for the charity Save the Children.
February 1, 2009... ROLL OF HONOUR Buyout House of the Year: Advent International Secondary House of the Year: Lexington Partners Mezzanine Debt Provider of the Year: ICG Buyout Realisation of the Year: Axtone Placement...

Advent International.(Buyouts House of the Year)
February 1, 2009... Advent International has had an impressive year in exits and in fundraising. Starting off 2008 with an exit, Advent sold SAG, a German provider of energy infrastructure services, to Nordic private equity house EQT for an undisclosed sum. Advent...

DFJ Esprit.(VC House of the Year--Joint Winner)
February 1, 2009... [ILLUSTRATION OMITTED] After winning the 2007 EVCJ award in the category of VC House of the Year, DFJ Esprit has had another strong year. Over the past 12 months, DFJ Esprit has continued the development of its brand while making solid...

Nomura Phase4 Ventures.(VC House of the Year--Joint Winner)
February 1, 2009... Nomura Phase4 Ventures is joint winner of the EVCJ award for VC House of the Year. The London-based firm has seen a lot of growth over the course of 2008. The firm's investment approach has seen it take a particular interest in spin-outs,...

Adams Street Partners.(Fund-of-funds House of the Year)
February 1, 2009... In 2009, Adams Street Partners enters its 37th year of private equity investing, having achieved a number of milestones in 2008. An important accomplishment was to purchase the remaining minority interest from UBS in Adams Street Partners,...

Lexington Partners.(Secondary House of the Year)
February 1, 2009... Lexington Partners pioneered the development of the secondary market for private equity interests more than 18 years ago and also created one of the first independent, discretionary co-investment programs 10 Lexington Partners has more than 230...

RBS.(LBO Debt Provider of the Year)(Royal Bank of Scotland PLC)
February 1, 2009... If 2007 was a difficult year for the leveraged loan market, then 2008 was a nightmare. After the sub-prime crisis in the summer of 2007 cut short what was until then a stellar year for those in the lending business, the banking crisis of...

ING.(Mid-market Debt Provider)(ING Bank N.V.)
February 1, 2009... With the larger end of the LBO market running on empty for much of the year, the mid-market was, for a while, the only game in town. The winner of EVCJ's Mid-market Debt Provider of 2008, ING, certainly benefited. It acted as lead arranger on...

ICG.(Mezzanine Debt Provider of the Year)(Intermediate Capital Group PLC)
February 1, 2009... It was another strong year for ICG, winner for the second year in a row of an EVCJ Mezzanine Debt Provider of the Year award. Closing a US$100m Asia-focused fund in October, double the size of its predecessor, capped a successful 12 months for...

Bridges Ventures.(Social Investor of the Year)
February 1, 2009... Bridges Ventures is a fund management company with a social mission while offering attractive returns to investors. Last year was a big one for the group as it launched the Bridges Social Entrepreneurs Fund. The fund is an initiative of the...

MySQL.(Venture Realisation of the Year)
February 1, 2009... MySQL is a seven year old Swedish company that has already established itself as the second largest independent open source software company in the world. Back at the start of the year, it was sold by a host of European VCs, including...

Axtone.(Buyout Realisation of the Year)
February 1, 2009... Advent International was behind EVCJ's Buyout Realisation of the Year 2008 through the trade sale of Axtone. During the summer, when Lehman was on its knees and the world was suffering the effects of the credit crunch, Advent agreed the...

Index Ventures.(Fund Raising of the Year--Venture)
February 1, 2009... A tough year all round for venture capital was punctuated with the occasional glimmer of success, and EVCJ's winner of the Fund Raising of the Year for Venture was one such glimmer. London-headquartered Index Ventures firm raised 400m...

Apax Europe VII.(Fund Raising of the Year--Buyouts)
February 1, 2009... [ILLUSTRATION OMITTED] UK private equity giant Apax Partners is the recipient of EVCJ's Fund Raising of the Year for Buyouts award for Apax Europe VII, which closed on 11.2bn [euro], making it the largest private equity fund in European...

MVision.(Placement Agent of the Year)
February 1, 2009... MVision secured 33 new mandates between October 2007 and September 2008. Of these, 19 were new relationships with GPs and 14 were repeat mandates from existing clients. Over 1,200 investors committed to funds raised by MVision in 2008 for a...

Taylor Wessing.(Law Firm of the Year)
February 1, 2009... Taylor Wessing's VC team is highly regarded by clients and commentators alike. Once again this year it has retained its top ranking in VC in the key UK legal directories Legal 500 and Chambers. For the second year running the private equity...

KPMG.(Accounting Firm of the Year)
February 1, 2009... In the private equity world, KPMG provided financial due diligence to Europe's largest private equity transaction, the 1.3bn [pounds sterling] buyout of oilfield service company, Expro. KPMG Private Equity Group Transaction Services were...

Cavendish Corporate Finance.(Advisory Boutique of the Year)
February 1, 2009... Last year was a big one for Cavendish Corporate Finance. It celebrated its 20th anniversary and advised on its second-largest deal ever--the 200m [pounds sterling] sale of Princess Yachts. Cavendish was appointed to undertake a strategic review...

Northern Trust.(Administrator of the Year)
February 1, 2009... Northern Trust has been administering private equity funds for more than 20 years. In 2008 the total committed capital of all the funds it administers reached US$71.7bn, a 14% increase in the year to September 30, 2008. Northern Trust was also...

A strong foundation: the work of charities is even more vital in times of recession, and the Private Equity Foundation is determined to address the plight of young people across the UK, as CEO Shaks Ghosh explains.(PROFILE)(Interview)
February 1, 2009... [ILLUSTRATION OMITTED] Venture philanthropy has come a long way in a very short amount of time, growing from a little known phrase into a fully-fledged and well-established segment of the social investment sector. One of the leading...

The future of venture philanthropy: the old templates are being cast aside as recession grips the third sector. Robert Stokes reports on the new face of corporate giving, social enterprise.(FEATURE: SOCIAL INVESTMENT)
February 1, 2009... A shift from traditional charity models towards social enterprises is set to gather pace as a new era of scarcity places more onus on quantifying the value of social benefits derived from philanthropic investments. Experts say...

Saluting the trailblazers: celebrating the generous firms and individuals from the private equity industry.(FEATURE: SOCIAL INVESTMENT)
February 1, 2009... While famous showbiz and industry figures make headlines for philanthropic giving, private equity and venture capital figures tend to avoid the limelight. Pour encourager les autres, we here spotlight a selection of European individuals and...

Pension funds weigh up private equity prospects: the turmoil of the global markets has thrown asset allocation into chaos. David Nicholson reports on how pension funds are responding.(LP ANALYSIS)
February 1, 2009... [ILLUSTRATION OMITTED] As the returns from private equity funds rose steadily in the early years of the 21st century, pension funds began to pay an increasing amount of attention to the sector. By 2008, many funds had an allocation...

The fall of Rome: whilst Italy initially escaped the full force of the credit crunch with local banks stepping in to replace the space left by the international institutions, Italian private equity is now suffering as the mid-market dries up.(FEATURE: ITALY)
February 1, 2009... When 3i sold its stake in Italian toy company Giochi Preziosi last April, it pocketed a neat 2.5 times its money. It was able to exit at 800m [euro] to Clessidra Capital and Banca Intesa. This kind of deal, completed in the first half of...

A marriage of convenience: private equity teams up with corporates in the hunt for deals.(FEATURE: ITALY)
February 1, 2009... With debt liquidity drying out in Italy as in other markets, those looking to do M&A transactions are having to think pragmatically. Hence the arrival of the corporate-private equity firm partnership. "We aren't in competition with trade...

One market, one company: currently working its way through the EU political machine is a proposal to create a European private company, one that is governed by a uniform set of rules in all member states.(LEGAL AND REGULATORY)
February 1, 2009... [ILLUSTRATION OMITTED] In December, the member states of the EU approved the European Commission's Small Business Act (SBA), the EC's plan to unburden Small and Medium Sized Enterprises (SMEs) from the mountain of red-tape which currently...

Downgrades up: leveraged European companies struggling.(DATA ROOM)
February 1, 2009... Downgrades for both publicly-rated credits and credit estimates are up year on year. S&P's private credit estimates (CE) portfolio--a collection of the likely issuer credit ratings on unrated entities had seen 'ccc' ratings grow to 5.2% by...

UK market crashes to 15 year low: latest research reveals plight of Europe's largest private equity market.(DATA ROOM)
February 1, 2009... Investment in UK private equity fell to its lowest total since 2003 last year, with the fewest number of deals completed since 1993. The latest report by data gurus CMBOR--the Centre for Management Buyout Research--make for grim reading....

Information drought hampering listed private equity: potential investors turned off by lack of transparency.(DATA ROOM)
February 1, 2009... Investment in listed private equity vehicles is being held back because of a lack of information available to potential investors according to a survey carried out by Preqin. The findings revealed that 30% of those questioned felt unable to...

Public markets shut: most depressed period since the invasion of Iraq sees 96% fall in money raised.(DATA ROOM)(Statistical data)
February 1, 2009... The European IPO market has hit a five year low following the last quarter of 2008 says UK consultancy PricewaterhouseCoopers (PwC) in a new report. The firm's IPO Watch Europe records a 96% fall in money raised from new issues--from 29bn...

Private equity improves employee relations: workers benefit from change of ownership, reports shows.(DATA ROOM)
February 1, 2009... Private equity investment of companies often has a positive impact on employee relations according to the latest study from the Centre for Management Buyout Research (CMBOR) in association with the European Venture Capital Association (EVCA)....

Investors braced for breach: LPs struggle with asset allocation.(DATA ROOM)(Brief article)
February 1, 2009... Private equity allocations are set to soar in 2009 as a result of the denominator effect and the lack of distributions combine to push LP portfolios over their limit. In research published by secondaries specialist Coller Capital, two...

Close recruits in London and reshuffles in Paris.(PEOPLE)(Close Brothers Group PLC has appointed John Paul McGrath)
February 1, 2009... [ILLUSTRATION OMITTED] Independent corporate finance house Close Brothers has appointed John Paul McGrath as a new managing director to expand its European financial services (FIG) sector coverage team into the UK. McGrath and his team...

General Atlantic recruits.(PEOPLE)(appointment of Fernando Marques Oliveira )(Brief article)
February 1, 2009... [ILLUSTRATION OMITTED] US private equity firm General Atlantic has recruited Fernando Marques Oliveira for the position of managing director and head of its Sao Paulo office and Latin American program. Oliveira will lead GA's...

EMP makes double hire.(PEOPLE)
February 1, 2009... Washington DC-headquartered EMP Global has hired Chung Min Pang and Samir Soota as managing directors in the firm's Asian business. Min Pang will be responsible for the Greater China region and will be a member of EMP Daiwa's Investment...

Research Advisory Board for BVCA team.(PEOPLE)
February 1, 2009... The British Private Equity and Venture Capital Association (BVCA) has launched its Research Advisory Board, a body which will provide guidance and advice as well as thought leadership to the private equity industry. It comprises...

New trustee for NESTA.(PEOPLE)(appointment of Liam Black )(Brief article)
February 1, 2009... [ILLUSTRATION OMITTED] Lord Drayson, Minister for Science and Innovation, has appointed Liam Black as a trustee of the National Endowment for Science, Technology and the Arts (NESTA). The term of appointment is for four years from I...

Denham appoints.(PEOPLE)
February 1, 2009... Energy and commodities-focused private equity firm Denham Capital Management has appointed Bert Koth to its London office focusing on opportunities within the global mining sector. Koth will join Dr Louis van Pletsen, partner and head of...

USS expands.(PEOPLE)
February 1, 2009... The UK's second largest pension fund, Universities Superannuation Scheme (USS), has expanded its private equity team with the addition of two private equity analysts, Sweta Chattopadhyay and Tim Tyshing. Chattopadhyay joins USS from ABN...

HgCapital adds to renewables.(PEOPLE)
February 1, 2009... [ILLUSTRATION OMITTED] UK mid-market firm HgCapital has added two appointments to its renewables energy team. Both Luigi Pettiniccho and Luis Quiroga join as associates. Prior to joining Hg, Pettiniccho worked at Goldman Sach's...

Double hire for TVM.(PEOPLE)
February 1, 2009... [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] TVM Capital has made two general partner appointments. Dr Christoph Schroder (Munich) and Hui Hsing Ma have worked with TVM Capital since 2004, and were previously venture partners for the...

Greenpark Capital adds investment director.(PEOPLE)(appointment of Matthew Arkinstall )(Brief article)
February 1, 2009... London-based secondaries specialist Greenpark Capital has appointed Matthew Arkinstall as an investment director. Arkinstall joins a team of more than 20 people, 12 of whom are investment professionals, where he will be responsible for deal...

London hire for Pantheon.(PEOPLE)(Pantheon Ventures Ltd. has appointed Francesco Di Valmarana)(Brief article)
February 1, 2009... Private equity fund-of-funds investor Pantheon has recruited Francesco di Valmarana to its London-based European secondaries team. Di Valmarana, who has joined as a principal, was previously an investment director at Swiss alternative asset...

Segulah makes key hire.(PEOPLE)(appointment of Erik Thornell )(Brief article)
February 1, 2009... Segulah Advisor has recruited Erik Thornell as head of banking. Thornell is a transactor with more than 15 years experience in banking, LBO debt financing and other structured debt arrangements. Prior to joining Segulah, he worked as a...

Trustee for Impetus.(PEOPLE)(appointment of Stephen Lambert )(Brief article)
February 1, 2009... [ILLUSTRATION OMITTED] UK venture philanthropy orgnanisation Impetus Trust has appointed television producer Stephen Lambert to its board of trustees. Lambert is chief executive of Studio Lambert, an independent production company based in...

EIF seconds VC expert.(PEOPLE)(European Venture Capital Association has appointed Thomas Meyer)(Brief article)
February 1, 2009... [ILLUSTRATION OMITTED] Thomas Meyer, co-author of Beyond the J-Curve: Managing a Portfolio of Venture Capital and Private Equity Funds, has been seconded to EVCA from the European Investment Fund. During his three-year placement, Meyer...

Amadeus promotes three.(PEOPLE)
February 1, 2009... [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] European technology investor Amadeus Capital Partners has made three promotions. Jeppe Zink has been partner; Bill Earner and Pat Burtis have been promoted to...

AXA PE opens in Vienna.(PEOPLE)
February 1, 2009... Paris-headquartered private equity firm AXA Private Equity is opening a new office in Vienna that will bring the total number of AXA offices in the Austrian capital to eight. The office will be headed by Thomas Wilfling, supported by Marton...

New partner at Augentius.(PEOPLE)
February 1, 2009... [ILLUSTRATION OMITTED] Fund administration service provider Augentius Fund Administration has appointed Ian Kelly as partner to the firm. Kelly joined Augentius in August 2002 as a senior fund accountant. He was appointed chief...

A dozen advisers for Alvarez & Marsal.(PEOPLE)
February 1, 2009... Turnaround advisory firm Alvarez & Marsal has hired twelve advisers in its newly-formed European Transaction Advisory Group. The team will focus on due diligence to support refinancings, non-core disposals and distressed M&A. The team will...

New hire for CVC.(PEOPLE)
February 1, 2009... UK LBO powerhouse CVC Capital Partners has appointed Larry A. Klane as senior advisor to the firm. He will work with CVC's global financial institutions team. Prior to working with CVC, Klane served as president of the global financial...

Candover appoints.(PEOPLE)
February 1, 2009... British buyout firm Candover has appointed Fredrik Arp as a senior advisor with a particular focus on the Nordic region. Arp will advise Candover on existing and potential investments in the European and industrials sector. Most...

Advent promotes.(PEOPLE)(Advent International PLC has promoted Fred Wakeman, Nick Rose, Johanna Reineke )
February 1, 2009... Mid-market buyouts powerhouse Advent International has started the 2009 calendar by making a raft of promotions. In London, Fred Wakeman has been promoted to managing partner. Wakeman joined in 1998 from GE Capital's equity capital group...

LBO syndications arranged.(BUYOUTS)
February 1, 2009... DISA TARGET NATION: CZECH REPUBLIC DATE ANNOUNCED: 11/03/08 ACQUIRER: MID EUROPA PARTNERS TOTAL VALUE: UNDISCLOSED ARRANGERS: HSH NORDBANK AND NORDEA FINANCING: 251.7M [euro] HSH Nordbank and Nordea have been...

Restructuring.(BUYOUTS)(List)
February 1, 2009... Dometic TARGET NATION: SWEDEN DATE ANNOUNCED: 09/01/09 SPONSOR: BC PARTNERS ARRANGER: UNKNOWN FINANCING: UNKNOWN Sponsor BC Partners said its portfolio company Dometic, a Swedish luxury boat fittings business, is set...

Seeking buyers.
February 1, 2009... SEEKING BUYERS Seeking buyers includes listings of all European companies that have announced plans since November 15, 2008 to January 12, 2009 to sell divisions, stakes or their entire company. It also includes purported sales efforts...