European Venture Capital Journal articles from July 2005

European Venture Capital Journal archives from July 2005

A poor workman blames his tools.(NEWS ANALYSIS)
July 1, 2005... There was much grumbling by the venture capital GPs attending the European Venture Capital & Private Equity Association's (EVCA) annual symposium in London mid June that the conference appeared to be all about buyouts. It wasn't, and maybe it's...

The end of the captive?(JP Morgan Partners, ISIS Equity Partners and Nordea Capital are planning to separate from parent company)
July 1, 2005... In recent months JP Morgan Partners, ISIS Equity Partners and Nordea Capital have announced plans to become independent of their parent companies. The news is another blow to the concept of in-house private equity operations and follows the...

Secondary buyouts: the new stock market?(NEWS ANALYSIS)
July 1, 2005... The total exit value for secondary buyouts in the UK reached a new high in 2004 at over 7.1bn [pounds sterling], confirming their status as an irremovable feature of the private equity market as cash-rich private equity houses look to invest...

The risks of early cash withdrawal.(NEWS ANALYSIS)
July 1, 2005... With so many LBO transactions taking place over the last 18 months, the number of private equity Rinds looking for some early cash on their investment has significantly increased, and Standard & Poor's are starting to worry. The negative...

Record-time fund raisings: real or illusory?(NEW ANALYSIS)
July 1, 2005... European buyout firms, generally, are having a good time in the fund raising market of late. This is evidenced not just by a healthy investor appetite to commit, but the record time, as little as three, four and five months have been stated,...

Dual-tracks: the pros and cons.
July 1, 2005... The IPO boom at the end of the 1990s was a good time for brokers. Not only did they get to handle flotations but they also managed to convince senior company managers to pay them more for a new product: the dual-track IPO and trade sale....

ISIS EP breaks free.(Isis Equity Partners divests from F&C Asset Management)
July 1, 2005... ISIS Equity Partners is the latest captive to break free from its parent company, F&C Asset Management. ISIS Equity Partners, led by managing director Wol Kolade, will create a new Limited Liability Partnership ISIS EP LLP to manage its circa...

ISIS EP new Leeds office.(ISIS Equity Partners)(Brief Article)
July 1, 2005... ISIS Equity Partners (ISIS EP) is planning to open a new office in Leeds. This will represent a further strengthening of the ISIS EP business in the region and builds on the relationships ISIS EP has already established with the business and...

Biotech start-ups face tough future.(Biotechnology industries)
July 1, 2005... The future for early stage biotech in Europe is not bright, with fund raising likely to prove increasingly difficult, according to a new report by Ernst & Young. The 2005 Global Biotechnology Report, Beyond Borders, says the sector is likely to...

New EVCA chairman.(Sir David Cooksey chairman of European Venture Capital Association)
July 1, 2005... Sir David Cooksey was named as the new chairman of the European Private Equity and Venture Capital Association (EVCA) at its annual symposium held in London on June 15. Sir David, chairman of Advent Venture Partners and founding chairman...

Pharma: consolidation continues.(PricewaterhouseCoopers L.L.P. reports on pharmaceutical industry)
July 1, 2005... As pressures on the pharmaceutical industry increase, global consolidation will continue, according to predictions in the latest Pharma Insights report from PricewaterhouseCoopers. The lack of R&D productivity, patent expiries, generic...

EVCA launches corporate governance guidelines.(European Venture Capital Association)
July 1, 2005... The European Venture Capital Association (EVCA) has launched new corporate governance and best practice guidelines for the management of privately held companies. The guidelines have been devised to address aspects of corporate governance...

Martin Currie FoF team moves to F&C.(F&C Fund Management acquires Martin Currie Investment Management)
July 1, 2005... F&C Asset Management has bought Martin Currie Investment Management's private equity fund-of-funds business. The acquisition will see the three-strong team, led by Hamish Mair, move to F&C's Edinburgh office. F&C plans to merge Martin...

Botts Capital Partners changes management.(NEWS)
July 1, 2005... Investors in UK private equity investor Botts Capital Partners have instigated a change of management at the firm following a few years of poor performance. The fund assets have been acquired by US secondaries specialist Paul Capital Partners...

Murray VCTs shareholder revolt.(Brief Article)
July 1, 2005... A campaign to remove the directors of the three Murray VCTs, which have broken away from Murray Johnstone, is well on the way to achieving its aim. Last month, former money manager and executive director of Panmure Gordon Investments, Charles...

Pensions invest US$17bn in PE.(pension funds invested more than private equity)(Brief Article)
July 1, 2005... Pension funds invested more than US$17bn in private equity in 2004, according to a survey published by Watson Wyatt in conjunction with Global Investor magazine. The report looked at all the alternative asset classes, and found that the...

OION & Laytons pioneer fixed legal fees.(Oxfordshire Investment Opportunity Network)(Brief Article)
July 1, 2005... Oxfordshire Investment Opportunity Network, the technology business angel network, has agreed a fixed fee investment solutions devised by Laytons, a national law firm and sponsor of OION. Dr Jon Cox, manager of the OION Network, said: "We...

Enterprise Capital Funds to launch shortly.(SEED THROUGH EARLY STAGE)
July 1, 2005... The Enterprise Capital Funds, which got the green light from Brussels May 5 (see Seed through Early Stage in last month's issue), will launch for tenders late June/early July. Details will be published in the Official Journal of the European...

BBAA singles out the winners.(British Business Angels Association)(Dragon's Den awarded new entrant)(UK Explorer awarded angel exit)(Tony Quirke awarded promising angel funded business)(Brief Article)
July 1, 2005... Four winners were announced at the British Business Angels Association (BBAA), dinner held in Birmingham in early June. There are to be annually voted on awards and the winners in 2004 follow; Most Exciting New Entrant to the Market:...

YABA into 2nd decade.(Yorkshire Association of Business Angels)(Brief Article)
July 1, 2005... Yorkshire Association of Business Angels (YABA) moved into its second decade in June, having recorded 1.5m [pounds sterling] in investment in the region, through the YABA network, over the last ten years, plus a further 3m [pounds sterling] has...

German institutions favour mezz.(Golding Capital Partners, VCM's funds-of-funds dedicated to mezzanine)
July 1, 2005... Munich-based fund groups Golding Capital Partners and VCM have completed the final closing of the first European fund-of-funds dedicated to mezzanine. The fund, called VCM Golding Mezzanine, has closed at 200m [euro], above its original 150m...

BCPartners raises 5.5bn [euro].(Brief Article)
July 1, 2005... BC Partners has raised over 5.5bn [euro] for its eighth fund, the largest European buyout fund raised to date. The fund was raised in less than five months and was heavily oversubscribed. Investors in previous funds increased their commitments...

Pontis Venture raises 30m [euro].(Brief Article)
July 1, 2005... Pontis Venture Partners has been set up by the group of individuals that previously managed the TecNet fund, which was an Austrian government-backed vehicle that invested predominantly in early stage technology companies in eastern and lower...

Italiangreen energy fund.(Atmos initiates funds for renewable energy sector)(Brief Article)
July 1, 2005... A new fund for the renewable energy sector has been set up in Italy. Atmos, the first Italian initiative fully dedicated to this investment area, has launched with 9m [euro] of capital. The fund target is 50m [euro]. Behind the initiative...

Synergo SGR for Italian entrepreneurs.(Brief Article)
July 1, 2005... Synergo SGR, a new Italian fund manager set up by Italian VC veteran Gianfilippo Cuneo and Benedetto de Benedetti, has held a second close on its maiden fired, Sinergia con Imprenditori. The fund has raised 188m [euro] so far, with 82m [euro]...

Life Sciences Partners III 1st close.(Brief Article)
July 1, 2005... Life Sciences Partners (LSP) has reached a first close of its third fund at 65m [euro]. LSP III is dedicated to life science investments in Europe, with a focus on the Benelux and Germany. All major investors of the previous LSP funds committed...

Egeria 358m [euro] interim close.(Brief Article)
July 1, 2005... Egeria, the Dutch private equity firm, has reached an interim close on its second fund, reaching 358m [euro] following the December 2004 launch of its international fund raising. This is the second closing Egeria has held for Egeria Private...

CapMan for real estate.
July 1, 2005... CapMan has launched CapMan Real Estate I Ky, a 500m [euro] private equity real estate fund backed by nine Finnish institutional investors. The expansion of business operations into private equity real estate funds is a significant strategic...

Pomona closes FoF.(fund-of-funds)(Brief Article)
July 1, 2005... Pomona Capital, the US-headquartered private equity fund-of-funds, has closed its fourth primary fund-of-funds, Pomona Partnership Holdings IV on US$250m (206m [euro].) Exceeding its target by US$50m, the fund will buy primary and special...

Herald closes second fund.(Brief Article)
July 1, 2005... Herald, the UK VC house, has held a final close of Herald Ventures II on 30.5m [pounds sterling] (46m [euro].) The fund will focus on investing in early stage technology, media and communications companies in the UK, investing between 0.25m...

HSBC vehicle closes.(Brief Article)
July 1, 2005... HSBC has closed its latest private equity offering, HSBC European Private Equity Syndicate II, with commitments of over 245m [euro], well in excess of its 100m [euro] target, (see EVCJ June 2005, page 11.). The fund is a successor vehicle...

Calendar.
July 1, 2005... JULY 2005 11-15 Corporate Finance Programme. London Telephone +44 (0)20 7706 6840 www.london.edu/finance/ 12-14 JULY 2005 Private Equity Roundup. New York City Telephone (212) 967 0095 AUGUST 2005...

Inmarsat IPO goes into orbit.(Initial public offerings)
July 1, 2005... Inmarsat Group, the satellite company owned by Apax and Permira, has raised 355m [pounds sterling] following its IPO on the London Stock Exchange, slightly less than the 380m [pounds sterling] it hoped to raise when the intention to float was...

MB Funds sells Oy Panda.(Felix Abba Oy)(Brief Article)
July 1, 2005... MB Funds has sold its interest in confectionery business Oy Panda to Felix Abba Oy, which is part of the Orkla Group. Financial details of the transaction were not disclosed and the deal is awaiting clearance from the competition authorities....

Marr IPO in the pipeline.(Borsa Italiana S.p.A.)(Brief Article)
July 1, 2005... Mart, the Italian food service distribution business, has secured approval from the Borsa Italia to IPO on the Telematico Azionario, providing its private equity backers, including Arca Impresa Gestioni and Barclays Private Equity, with an exit...

Wellington sells NaWoTec.(Carl Zeiss Inc.)(Brief Article)
July 1, 2005... Wellington Partners has sold its investment in NaWoTec, a provider of nano structuring technologies, to Carl Zeiss for an undisclosed sum. The transaction closed on June 9 following receipt of a waiver for anti- trust issues. Wellington...

Vogue Group sold to Nanso.(J.P. Morgan Partners, Uponor Corporation)(Brief Article)
July 1, 2005... CapMan, JP Morgan Partners and Uponor Corporation have sold their interest in Vogue Group to Nanso Oy. CapMan and JP Morgan Partners invested in Vogue Group, which is a textile company prominent in the Nordic countries, in 1998 when they bought...

Pricoa sells Waterford Stanley.(Aga Foodservice Group PLC, Pricoa Capital Group)(Brief Article)
July 1, 2005... Pricoa Capital Group, the US private equity firm, has sold Waterford Stanley, an Irish iron cooker manufacturer, to UK business Aga Foodservice Group for 13.8m [euro]. Pricoa Private Partners II invested in Waterford in August 2000, along with...

AffectoGenimap float.(gets listed on the Helsinki Stock Exchange )(Brief Article)
July 1, 2005... AffectoGenimap, an IT company owned by the Fenno Fund, has listed on the Helsinki Stock Exchange with a market capitalisation of 12.3m [euro]. The Fenno Fund, which is co-managed by Finnish private equity firms Fenno Management and CapMan,...

3i sells dtms.(D+S Europe acquires)(Brief Article)
July 1, 2005... 3i has sold dtms, a German telemarketing company, to D+S Europe. The financial details of the transaction were undisclosed. 3i first invested in 1998 and did so again in 2002, 2003 and 2004, investing a total of 70m [euro]. During this time...

Advent sells Inca.(Advent Venture Partners, Dainippon Screen Manufacturing Company Ltd.)(Brief Article)
July 1, 2005... Advent Venture Partners has sold Inca Distal Printers to Japanese group Dainippon Screen in a 30m [euro] transaction. The sale earned Advent Venture a return of 3x its original investment and an IRR of 27%. Inca is a manufacturer of...

Montagu exits Marlow Foods.(Montagu Private Equity, Quorn Foods)(Brief Article)
July 1, 2005... Montagu Private Equity is selling Marlow Foods, the UK manufacturer and distributor of the Quorn branded products, to Premier Foods plc for 172m [pounds sterling]. Montagu bought Marlow foods from AstraZeneca in May 2003 in a 70m [pounds...

IK sells Fortex to ABN AMRO Capital.(Industri Kapital)(Brief Article)
July 1, 2005... ABN AMRO Capital has bought Dutch textile services company Fortex from Industri Kapital and the company's management for an undisclosed amount. Sources close to the deal said the sale generated a 1.5x return for IK, one the firm was...

IPO for MTU.(initial public offerings, MTU Aero Engines GmbH)(Brief Article)
July 1, 2005... MTU Aero Engines, the German aero engines manufacturer, has floated on the Frankfurt Stock Exchange, providing KKR with an exit. The shares were priced at 21.89 [euro] per share, at the top of their 19 [euro] to 22 [euro] price range. The IPO...

TopoTarget floats.(Brief Article)
July 1, 2005... TopoTarget, a VC-backed Danish cancer research company, has completed its IPO on the Copenhagen Stock Exchange, six times oversubscribed. The offer price was fixed at DKK 22.5, mid-way between the DKK20.5 and DK25.5 price range. The IPO raised...

SIA in tertiary buyout.(Industri Kapital acquires SIA Group)(Brief Article)
July 1, 2005... Home decoration company SIA has landed in private equity hands for the third time in a tertiary, buyout. Industri Kapital acquired the business from 3i for an undisclosed amount. 3i led the 80m [euro] secondary buyout of SIA from Chequers,...

Reiten and CapMan exit EPI.(Reiten & Co, CapMan's Finnmezzanine III funds to First Data Corp.)(Brief Article)
July 1, 2005... Nordic mid-market private equity investor Reiten & Co, along with management and CapMan's Finnmezzanine III funds, have sold EuroProcessing International ASA (EPI) to First Data Corporation for 100m [euro]. Reiten achieved an IRR of over 90% on...

3i exits Newell & Budge.(3i Group PLC, Sopra)(Brief Article)
July 1, 2005... 3i has sold its 25% stake in IT consultancy and services company Newell & Budge to Sopra Group. 3i's money multiple on the investment will be 3.5 times. The amount of the deal was undisclosed. 3i originally invested in the company in 2001...

3i exits Cannon Avent.(Charterhouse Capital Partners acquires 21.6%)(Brief Article)
July 1, 2005... 3i has sold its 21.6% stake in baby care product manufacturer Cannon Avent Group to Charterhouse Capital Partners in a 300m [pounds sterling] secondary transaction. The Cannon automotive business is being retained by the Atkin family. 3i...

Prostraken IPOs below original target.(Initial public offerings)(Brief Article)
July 1, 2005... ProStrakan Group, a UK-based drug company formed after the merger of ProSkelia and Strakan, has priced its IPO on the London Stock Exchange at 100 pence per share, raising around 40m [pounds sterling]. At 100 pence per share, the company is...

Doughty has appetite for RHM IPO.(RHM Foods)(Brief Article)
July 1, 2005... RHM Group One, the UK food producer and owner of Mr Kipling cakes and Bisto gravy, is to float on the London Stock Exchange in July, representing a partial exit for Doughty Hanson. The market capitalisation of the company is expected to be...

Wagamama secondary buyout.(Lion Capital Advisors)(Brief Article)
July 1, 2005... Lion Capital, formerly Hicks Muse Tate & Furst Europe, is acquiring a controlling stake in Wagamama, the UK noodle bar chain, from its majority shareholder, Graphite Capital. The transaction, which is expected to close in July, values the...

Saft to float on Eurolist.(Brief Article)
July 1, 2005... Saft, the French batteries maker owned by Doughty Hanson, is to launch on Euronext's Eurolist. The float has an indicative price range of between 24.50 [euro] pence to 28.50 [euro] pence per share, which is expected to value the company between...

3i sells RedDot.(Hummingbird Ltd. acquires RedDot Solutions)(Brief Article)
July 1, 2005... 3i has sold RedDot Solutions, a content management software company headquartered in Germany and New York, to Hummingbird for a cash consideration of 39.1m [euro]. An additional 4.5m [euro] is payable after December 31, 2005, based upon...

First exit for BCV and YFM.(Bridges Community Ventures, YFM Group sell to Clondalkin Group )(Brief Article)
July 1, 2005... Bridges Community Ventures (BCV) and the YFM Group (YFM) have sold Harlands of Hull, a specialist self-adhesive label printer, to the Clondalkin Group for 8.5m [pounds sterling]. This is the first exit for both BCV and YFM's Regional Venture...

Advent & Providence sell MACH to Warburg Pincus.(Advent International PLC, Providence Equity Partner )(Brief Article)
July 1, 2005... Advent International and Providence Equity Partners have sold their investment in MACH to Warburg Pincus in a secondary buyout. Terms were not disclosed and the deal is subject to regulatory approvals. Advent International and Providence...

3i sells NNC.(3i Group PLC, NNC Holdings)(Brief Article)
July 1, 2005... 3i is to sell its stake in NNC Holdings, a UK-based nuclear services business,, to AMEC for 25.3m [pounds sterling]. The private equity firm will make a return of 3.1x on its original investment, receiving equity proceeds of 12.9m [pounds...

LBO France acquires Actaris.(Brief Article)
July 1, 2005... Montagu Private Equity is selling its stake in meter manufacturer Actaris for an undisclosed amount to French private equity house LBO France and Actaris management in a tertiary buyout transaction. LBO France becomes the majority share holder...

HgCapital sells Tunstall to Bridgepoint.(Tunstall Holdings Limited)(Brief Article)
July 1, 2005... HgCapital has sold its investment in Tunstall Holdings Limited, a manufacturer and provider of personal and home reassurance products, to Bridgepoint in a secondary buyout transaction worth 225m [pounds sterling]. HgCapital bought the business...

ABN AMRO Capital exits Handicare.(sells stakes to Ferd Private Equity)(Brief Article)
July 1, 2005... ABN AMRO Capital has sold its majority stake in Handicare, the largest producer and distributor of technical aids for elderly and handicapped people in Norway, in a secondary buyout transaction. The buyer is Ferd Private Equity. Terms have not...

Rutland sells Buffet Crampon.(cuts investments in The Music Group by selling unit to Argos Soditic)(Brief Article)
July 1, 2005... Rutland, the UK private equity firm, has partially exited its investment in The Music Group, when that company sold its Buffet Crampon clarinet business for 37m. [pounds sterling] The buyer was Argos Soditic, a French private equity firm. ...

Third German exit for HgCapital.(sells Trados Inc. to SDL PLC)(Brief Article)
July 1, 2005... HgCapital has sold Trados Incorporated, a provider of globalisation software to the translator and corporate enterprise market, to SDL plc in its third exit from its German portfolio. The sale of Trados will realise US$18.8m for investors. ...

Net mobile IPO for Wellington & Grunwald.(initial public offerings, Wellington Partners and Grunwald Equity Partners)(Brief Article)
July 1, 2005... Net mobile AG, the IT specialist for e-business solutions, plans to list its net mobile subsidiary, of which it owns 35% on the regional Munich Stock Exchange, Borse Munchen. Wellington Partners and Grunwald Equity Partners hold 42% and 15% of...

Family business buyouts: numerous family-owned company founders in Europe are now approaching retirement age and having to confront succession and change of ownership issues. All too often, however, founders are failing to find suitable or willing family members to take over the company reins.
July 1, 2005... To resolve their succession owners have been turning increasingly to private equity firms in the past two years and the number of leveraged buyouts of family-owned companies in Europe has grown significantly as a result. In a March 2005...

Investors want more protection.(BUYOUTS)
July 1, 2005... Change of control protection in new investment grade bond documentation could be on the rise, according to a new report from ratings agency Standard & Poor's (S&P). The report Buyer Beware: Investors Seek Greater LBO Protection from...

LBO syndications arranged May 23 to June 17.
July 1, 2005... Amadeus TARGET NATION: SPAIN DATE AN NOUNCED: 27/05/05 DEALTYPE: LBO ACQUIRER: BC PARTNERSAND CINVEN TOTAL VALUE: 4.3BN [euro] MANDATED ARRANGERS: BARCLAYS, CSFB, JP MORGAN, MERRILL LYNCH AND RBS FINANCING:...

Refinancings.(venture capital companies)
July 1, 2005... Debenhams TARGET NATION: UK DATE ANNOUNCED: 02/06/05 ACQUIRER: CVC, MERRILL LYNCH PRIVATE EQUITY & TEXAS PACIFIC MANDATED ARRANGERS: CITIGROUP, CSFB, MERRILL LYNCH & MORGAN STANLEY FINANCING: 2.05BN [pounds sterling] ...

Private equity-backed takeover subject to EU competition law.(venture capital companies)
July 1, 2005... Bekaert Fencing PRIVATE EQUITY BACKER: GILDE BUSINESS DESCRIPTION: FENCING MANUFACTURER DEAL VALUE: 281.5M [euro] NOTIFIED: 25/04/05 PROVISIONAL DEADLINE: N/A CLEARED: 31/05/05 Gilde's acquisition of Bekaert...

New EVCA chairman.(European Private Equity & Venture Capital Association)(Brief Article)
July 1, 2005... Sir David Cooksey is the new chairman of the European Private Equity & Venture Capital Association (EVCA). He took up the position at the EVCA Symposium on June 15. Sir David, chairman of Advent Venture Partners and founding chairman of...

Debevoise promotion.(Debevoise and Plimpton)(Brief Article)
July 1, 2005... Debevoise & Plimpton has promoted Geoffrey Kittredge to partner in its London office. He represents a broad range of international private equity funds, including leveraged buyout, mezzanine, real estate and venture capital funds, as well as...

Enterprise PE appts.(appointments at Enterprise Private Equity)(Brief Article)
July 1, 2005... Enterprise Private Equity, the newly formed private equity division of Enterprise Group, a corporate finance boutique, has made two new additions in the shape of Gordon Power, the founder and former chairman of Proven Private Equity, who joins...

Amadeus appts director.(appointments at Amadeus Capital Partners)(Brief Article)
July 1, 2005... Amadeus Capital Partners has recruited Roy Merritt as a director. He began in venture capital with Apax, and in 1995 he joined Esprit Telecom Group as CFO. Merritt led the company's fund raising efforts, including bringing on three VC...

DN Capital hires Gogel.(Robert Gogel appointed)(Brief Article)
July 1, 2005... DN Capital, the European venture firm, has appointed Robert Gogel as a senior advisor. He is the former CEO of RebusIS, which was sold to Xchanging in 2004. RebusIS was backed by General Atlantic and Warburg Pincus. He joined RebusIS from...

Strathdon promotes.(appointments)(Brief Article)
July 1, 2005... Strathdon Investments has named Michael Roller as group finance director and company secretary. Roller, 39, joined Strathdon in January 2005 as finance director of the company's operating subsidiaries and has now been appointed to the Strathdon...

Double appt for GE.(GE Commercial Finance appoints Andrew Bernhardt, Nicole Gates )(Brief Article)
July 1, 2005... GE Commercial Finance, the corporate lending arm of GE, has appointed Andrew Bernhardt and Nicole Gates to its European corporate lending team in Europe as executive directors. Bernhardt will primarily focus on cash flow funding for both UK and...

New directors for GIMV.(appointments)(Brief Article)
July 1, 2005... GIMV has new directors following the Belgian firm's Annual General Meeting. Jan Kerremans, chief cabinet secretary to Fientje Moerman, the vice-minister-president of the Flemish Government, replaces Jacques Laverge who resigns because of...

ISIS to open in Leeds.(ISIS Equity Partners new recruit to head planned office in Leeds)(Brief Article)
July 1, 2005... ISIS Equity Partners is planning to open a new office in Leeds in the autumn. The team will be headed by Andy Lees, who joins after a three-year spell at Aberdeen Murray Johnstone's Manchester office. Prior to this, he was a director of...

Kleinwort appts.(appointments at Kleinwort Capital Ltd.)(Brief Article)
July 1, 2005... Kleinwort Capital Limited, an independent private equity firm investing in the UK lower mid-market, has appointed Sam Watkinson as an investment director. He will lead investments in MBOs, MBIs, expansion and replacement capital, focusing on...

Triago hires.(Triago X)(Brief Article)
July 1, 2005... Triago X, the French secondaries specialists, has recruited Nicolas de Nazelle, formerly of Avesta, a spin-off from UBS Capital, as a partner. Nazelle previously worked with Societe Generale Investment Banking in New York and, prior to that, in...

Rutland appts.(appointments at Rutland Partners)(Brief Article)
July 1, 2005... Rutland Partners, the UK private equity partnership, has named Nick Morrill and Paul Cartwright as managing partners. They replace Chris Dowling, who wishes to reduce his time commitment to Rutland's future fund activities in order to develop a...

Nordic names adviser.(Nordic Venture Partners)(Brief Article)
July 1, 2005... Nordic Venture Partners has recruited Per-Arne Sandstrom as a senior advisor. Until his retirement from Telefonaktiebolaget LM Ericsson in July 2004, Sandstrom was first executive vice- president and deputy CEO of the company. He joined...

Corbett Keeling appts.(appointments)(Brief Article)
July 1, 2005... Corbett Keeling, the lower mid-market corporate finance advisor, has appointed Douglas Young and Ian Langley as associates. Young, a chartered accountant by training, specialises in M&A in the insurance broking sector. He has held senior...

Edmond de Rothschild appts.(appointments at Edmond de Rothschild Capital Partners)(Brief Article)
July 1, 2005... Edmond de Rothschild Capital Partners has made four new hires. Herve Fonta and Antonio Graca have joined as investment managers and Bertrand Demesse as associate. Sylvie Verges also joined the company as chief financial officer. Fonta...

Sovereign appts 2.(appointments)(Brief Article)
July 1, 2005... Sovereign Capital has named Kevin Whittle as director of portfolio services and Paul Egan has joined as investment manager. Whittle joins from ISIS Equity Partners, where he had spent three years as portfolio director representing the...