European Venture Capital Journal articles from June 2005

European Venture Capital Journal archives from June 2005

Euro venture heads West.(NEWS ANALYSIS)
June 1, 2005... With Euro venture funds having a job getting themselves noticed by LPs in the current fund raising rounds, some think the answer is to set up an office in the US. These European VCs have either decided they are being too parochial in their...

Outperforming the competition: without a crystal ball it is impossible to know which private equity firms will outperform their competitors. But consultancy McKinsey, in a survey of private equity houses, claims to have unearthed the key elements showing how active ownership can lead to outperformance.(NEWS ANALYSIS)
June 1, 2005... In "Why some private equity firms do better than others", McKinsey consultants Conor Kehoe and Joe Heel analysed deals by 11 large buyout houses boasting better-than-average track records. It found that, while many firms follow the right steps,...

It's not what you owe, it's can you pay it?(NEWS ANALYSIS)
June 1, 2005... With almost 20bn [euro] of new debt raised in 2004, distressed debt specialists are gazing greedily at those companies piling on the leverage. All the ratings agencies agree the current levels of leverage cannot continue. In a textbook example...

Jefferies acquires Helix.(NEWS)
June 1, 2005... Jefferies Group, a mid-market focused investment bank, has acquired placement agent Helix Associates Limited. The fund raising capabilities of Helix will add to the services Jefferies can offer private equity firms and also allow Helix to...

Quester VCTs first to merge.(NEWS)(Brief Article)
June 1, 2005... The boards of Quester VCT, Quester VCT 2 plc (VCT2) and Quester VCT 3 plc (VCT3) have agreed the recommended proposals for the merger of the three funds, to form an enlarged Quester VCT. The transaction is valued at 54m [pounds sterling] and is...

O'Brien new BVCA chairman.(NEWS)(Vince O'Brien)(British Venture Capital Association)(Brief Article)
June 1, 2005... Vince O'Brien, director in charge of fund raising at Montagu Private Equity, the mid-market European buyout fund, took over as chairman of the British Venture Capital Association (BVCA) on April 1, from previous incumbent, Anne Glover,...

3TS name change.(NEWS)(3TS Venture Partners)(3TS Capital Partners)(Brief Article)
June 1, 2005... 3TS Venture Partners, the Central European VC firm, has changed its name to 3TS Capital Partners. At the same time it has appointed two managing directors, Pekka Santeri Maki and Daniel Lynch. Maki said: "The slightly revised name, 3TS...

PCG sets up in Europe.(NEWS)(PCG Asset Management)(Brief Article)
June 1, 2005... PCG Asset Management, a unit of Pacific Corporate Group LLC (PCG), the California-based investment management and advisory firm, has established a European office to better serve its growing European client base. Michael Russell, 41, the...

Oak Hill opens London office.(NEWS)(Oak Hill Advisors)(Brief Article)
June 1, 2005... Oak Hill Advisors, the New York-headquartered investment firm, has opened a London office as expands its business into Europe. Richard Munn, former head of European loan syndications at Deutsche Bank, is to co-head the new team, along with Ty...

Murray Johnstone holds onto VCT4.(NEWS)
June 1, 2005... Following the announcement in February that Close Venture Management had taken over the management of the Murray VCT portfolio, the board of Murray VCT4 has decided to stay with Murray Johnstone. The failed management buyout of part of the...

Abingworth opens new US office.(NEWS)(Abingworth Management Ltd.)(Brief Article)
June 1, 2005... Life sciences venture capital group Abingworth Management has opened a new office in Waltham, MA, US. The new office will be run by director Michael F Bigham and will enable Abingworth to focus on East Coast deals more actively. Abingworth has...

Correction.(NEWS)(Correction Notice)
June 1, 2005... In the May 2005 issue of EVCJ in the article More debt and more distress on page 4, we mentioned the secondary buyout of Picard Surgeles, which should have reported the business was sold by Candover and bought by BC Partners in a 1.3bn [pounds...

Enterprise Capital Funds hit the ground.(SEED THROUGH EARLY STAGE)(Brief Article)
June 1, 2005... Early May saw the UK's planned Enterprise Capital Funds (ECFs) get the green light from Brussels. ECFs were conceived by the UK Government as a way to fund the sub-2m [pounds sterling] equity gap but given that the UK will match with 2 [pounds...

Throwing down The Gauntlet.(SEED THROUGH EARLY STAGE)(Brief Article)
June 1, 2005... Doug Richard, who set up and chairs Cambridge-based technology research group Library House, has launched a new service called The Gauntlet, which is an online service providing entrepreneurs with a way to test their business proposition. The...

HNW self-certification unclear.(SEED THROUGH EARLY STAGE)(high net worth)
June 1, 2005... Development Capital Exchange, which has been operating as a bridge across the information gap between early stage companies seeking equity finance and the entrepreneurs and enterprise funds wishing to invest since it was founded in 1992, has...

Startups Awards 2005.(SEED THROUGH EARLY STAGE)
June 1, 2005... This is the second year running Startups.co.uk has undertaken the Startups Awards. Entries for 2005 are to be in by July 11 and companies must have been trading for under three years and employ fewer than 60 people in order to be eligible to...

Stargate funds launch.(SEED THROUGH EARLY STAGE)(Brief Article)
June 1, 2005... Stargate Capital, a fund manager and corporate finance firm that started operations last year, has announced that it will soon launch a number of funds that will help plug the equity gap in the startup to early stage arena. It looks like they...

HNWs access Montagu PE's latest fund.(SEED THROUGH EARLY STAGE)(High Net Worth)(Brief Article)
June 1, 2005... HSBC has launched HSBC European Private Equity Syndicate II, a successor vehicle to HSBC Republic European Private Equity Syndicate, which raised 58.5m [pounds sterling]. HSBC European Private Equity Syndicate II will give high net worth (HNW)...

BBAA inaugural conference.(SEED THROUGH EARLY STAGE)
June 1, 2005... BBAA, the British Business Angel Association, is holding its first event on 6 & 7 June in Birmingham. At the end of the first day there will be a dinner held at the Hyatt Hotel in Birmingham at which the following awards will be presented: ...

NBAN becomes BBAA.(SEED THROUGH EARLY STAGE)(National Business Angel Network)(British Business Angels Association )(Brief Article)
June 1, 2005... British Business Angels Association (BBAA) is the new trade association for the UK's business angel networks and its associates. The association has evolved from the National Business Angel Network (NBAN) and is backed by the DTI and sponsored...

Record close for Sovereign fund.(FUNDS)(Sovereign Capital Limited Partnership II )
June 1, 2005... The UK lower mid-market is attracting investors worldwide. UK specialist Sovereign Capital's record fund close is living proof. The firm has closed its second fund, Sovereign Capital Limited Partnership II (SCLP II), above target at 275m...

Unigestion mandate.(FUNDS)(Union Alternative Assets)(Brief Article)
June 1, 2005... * Unigestion, the Swiss fired manager, has been appointed by Germany's Union Alternative Assets to advise on a private equity fund-of-funds it intends to launch by Q3 this year. Union Alternative aims to invest between 150m [euro] and 170m...

IFEII launched.(FUNDS)(IFE Conseil)(Brief Article)
June 1, 2005... * IFE Conseil, the French mezzanine provider, is launching its second mezzanine fund with a target of 300m [euro]. IFE II will focus on mid-cap mezzanine finance in France and Continental Europe, and be incorporated in Luxembourg as a SICAR. An...

American Capital fund.(FUNDS)(Brief Article)
June 1, 2005... * American Capital, the US mid-market finance provider, has launched a 1bn [euro] European buyout and mezzanine fund. The fund is to be managed by sister firm European Capital, which has opened its first office in Paris. The six-strong team...

ATPraises 1bn [euro].(FUNDS)(ATP Private Equity Partners)(Brief Article)
June 1, 2005... * ATP Private Equity Partners, the Copenhagen-based fund-of-funds, has raised its second fund, closing on 1bn [euro]. ATP PEP II will invest in funds that focus on venture capital, buyouts and secondaries, and the firm expects to take between...

Montagu 2bn [euro] fund.(FUNDS)(Brief Article)
June 1, 2005... * Montagu Private Equity, which specialises in European management buyouts in the 70m [euro] to 700m [euro] range, is raising a new 2bn [euro] buyout fund. This follows from its last outing, which also saw the firm raise 2bn [euro], that time...

CDC closes fund 3.(FUNDS)(Brief Article)
June 1, 2005... * CDC Entreprises Equity Capital, the French private equity firm, has closed CDC Entreprises III, a 300m [euro] domestic fund. Investors include parent company CDC Entreprises, Caisse Nationale des Caisses d'Epargne, CNP Assurances, and...

3TS raises 100m [euro].(FUNDS)(Brief Article)
June 1, 2005... * 3TS Capital Partners, the Central and Eastern European private equity house, has closed its second fund, 3TS Central European Fund II. The fund has just one investor, 3i, who has committed 100m [euro]. It will primarily invest growth...

Delta closes second fund.(FUNDS)(Delta Private Equity Partners )(Brief Article)
June 1, 2005... * Russian firm Delta Private Equity Partners has closed its second fired, Delta Russia Fund, on US$120m. The primary focus of the fund will be Russian companies, but it will also look at the Ukraine. It will invest in fast growing technology...

Atlantic maiden fund.(FUNDS)(Atlantic Bridge Ventures )(Brief Article)
June 1, 2005... * New technology venture capital firm Atlantic Bridge Ventures has launched its debut technology fund ABVEN I and has reached 50m [euro] at its first close. The fund has a target of 75m [euro]. The new pan-European fund has offices in Dublin...

GED targets SE Europe.(FUNDS)(GED Private Equity, South Eastern)(Brief Article)
June 1, 2005... * GED Private Equity, the Spanish private equity firm, has raised a fund for investing in South Eastern Europe. GED Eastern Fund II will invest in Romania, Bulgaria and neighbouring countries, and is the first Spanish fund for Eastern...

Adveq launches US FoF.(FUNDS)(Fund Of Funds)(Brief Article)
June 1, 2005... * Adveq has launched its third fund-of-funds programme, Private Equity Opportunities Partners (PEOP). The first fund of the programme, PEOP I, will invest only in US private equity and will, according to a statement, pursue special and...

Nordea second FoF.(FUNDS)(Fund Of Funds )(Brief Article)
June 1, 2005... * Nordea has hit the fund raising trail with the launch of Nordea Private Equity II, a global fund-of-funds with a target capitalisation of 300m [euro]. So far the fund has 164m [euro] in its coffers, following commitments from a number of...

Babson prices CLO.(FUNDS)(Collateralised Loan Obligation)(Brief Article)
June 1, 2005... * Babson Capital Europe has announced pricing for Duchess IV, its fourth collateralised loan obligation (CLO) fund. The E525m fund invests in leveraged loan assets with a target mix of 85% senior secured loans and 15% mezzanine loans. ...

Two f-o-fs for Access.(FUNDS)(Fund Of Funds)(Brief Article)
June 1, 2005... * Access Capital Partners, the France headquartered fund-of-funds, has begun marketing two funds. Access Capital Fund III midmarket Buyout Europe will invest, as the name suggests, in European mid-market buyout funds ranging from 100m...

Bowmark triples RDF Media investment.(EXITS)(Bowmark Capital )
June 1, 2005... Bowmark Capital sold its 20% stake in RDF Media when the company floated on the AIM market of the London Stock Exchange. RDF, an independent UK television production company, is the maker of reality TV shows such as Wife Swap and Faking It, as...

Arpida IPOs on Swiss exchange.(EXITS)(Initial Public Offerings)(Brief Article)
June 1, 2005... When Swiss biopharmaceutical company Arpida floated on the Swiss Stock Exchange on May 4 it opened tip an exit route for a host of the company's venture backers, which include 3i, Alta Berkeley Venture Partners, aventic partners,...

3i sells BetterCare to four seasons health.(EXITS)(Four Seasons Health Care )(Brief Article)
June 1, 2005... 3i has sold its investment in BetterCare Group to Four Seasons Health Care if or 116m [pounds sterling] and in so doing has generated a seven-fold return. 3i invested in the business in 1996 and by the time of sale, 54% of the share capital was...

Finndomo exit for 3i & CapMan.(EXITS)(Finndomo Oy)(Brief Article)
June 1, 2005... CapMan and 3i have sold their investments of 55.4% and 27.7%, respectively, in Finndomo Oy, the largest Nordic producer of industrially manufactured single-family houses. Terms have not been disclosed, although CapMan has announced that its...

IG Group returns to the LSE.(EXITS)(London Stock Exchange)(Brief Article)
June 1, 2005... UK spread betting business, IG Group, has floated on the London Stock Exchange less than two years after CVC Capital Partners delisted the company. There were concerns that fund managers were going to try and block the flotation because of...

Barclays Ventures exits Prima Corporate Wear.(EXITS)(Prima Corporate Wear )(Brief Article)
June 1, 2005... Barclays Ventures has exited its investment in Prima Corporate Wear by selling the business to Alexandra plc for 3.99m [pounds sterling] at the end of April this year. Barclays Ventures had first invested in Prima Corporate Wear in 1999 when it...

EQT sells FlexLink to ABN.(EXITS)(Brief Article)
June 1, 2005... EQT Partners has sold its 1997 interest in FlexLink, the Swedish industrial equipment supplier, to ABN AMRO Capital, for 153m [euro]. Under EQT's stewardship FlexLink made three acquisitions, one of FLS Solutions, an independent off: shoot of...

AMJPE's Firstline secondary buyout.(EXITS)(Aberdeen Murray Johnstone Private Equity )(Brief Article)
June 1, 2005... Aberdeen Murray Johnstone Private Equity has sold its interest in Firstline, the Bicester, UK-based automotive component distributor, to Enterprise Finance Europe, a Birmingham, UK-based asset-based lender, in a buyout transaction. Aberdeen...

CVC celebrates Polimoon IPO.(EXITS)
June 1, 2005... CVC Capital Partners is celebrating the IPO of plastic packaging manufacturer Polimoon of Oslo, Norway, which went to market with a capitalisation of NOK830m. Polimoon was established in 1999 when CVC Capital Partners and management formed a...

3i to return 500m [pounds sterling] to shareholders.(EXITS)(Brief Article)
June 1, 2005... 3i is to return 500m [pounds sterling] to shareholders after realising over 1.3bn [pounds sterling] in proceeds from IPOs and trade sales. The group will return the cash through a special dividend and share buyback. Buyouts and growth...

KPMG warns of IPO pitfalls.(EXITS)(Initial Public Offerings)
June 1, 2005... Management teams risk jeopardising the success of their company's stock market flotation if they underestimate the level and complexity of work required in preparing their companies for an Initial Public Offering (IPO), according to a KPMG...

EQT exits Sirona.(EXITS)(Brief Article)
June 1, 2005... Sirona has been sold to management and private equity firm Madison Dearborn Partners for an undisclosed sum. This is the third time Sirona has been sold to a private equity firm. Sirona management and Nordic investor EQT, which acquired the...

Close brothers VCT and Bamboo make 40% IRR.(EXITS)(Venture Capital Trust)(Internal Rate of Return)(Brief Article)
June 1, 2005... Close Technology & General CT and Bamboo Investments, both managed by Close Venture Management, have sold Cassium Technologies for a total consideration of 2.8m [pounds sterling]. This represents more than double the total amount invested by...

Barclays France sells SAIME.(EXITS)(Brief Article)
June 1, 2005... Barclays Private Equity France has sold its stake in SAIME, a developer and distributor of ventilation products, to ResMed, a US manufacturer of respiratory medical equipment, for around 86m [euro]. Barclays backed the secondary management...

PAI makes 10x return on Panzani sale.(EXITS)(Brief Article)
June 1, 2005... PAI Partners has sold its 50% stake in Panzani to Ebro Puleva, the Spanish food group, in a 650m [euro] deal, generating a return multiple in excess of 10 times money invested. The sale of Panzani, a French dry pasta and sauces producer,...

ISISEP exits Fat Face.(EXITS)(ISIS Equity Partners )(Brief Article)
June 1, 2005... ISIS Equity Partners has disposed of Fat Face in a secondary buyout backed by Advent International. The price is undisclosed. The founders, Tim Slade and Jules Leaver, will retain a substantial stake in the business. ISIS Equity Partners...

Granville makes 3.8x return.(EXITS)(Brief Article)
June 1, 2005... Granville Baird Capital Partners has realised its investment in Ultralase, a chain of UK corrective eye laser clinics. Corporacion Dermoestetica SA, the Spanish cosmetic surgery group, has acquired the business for 30m [pounds sterling]. The...

Advent sells Talpa.(EXITS)(Radio 538)(Brief Article)
June 1, 2005... Advent International has sold Radio 538, a Dutch commercial radio station, to Talpa Radio International. The purchase price was undisclosed. Advent International GPE IV acquired the business in December 2003, and since that time has seen...

NBGI makes first exit.(EXITS)(Walker Hamill)(Brief Article)
June 1, 2005... NBGI Private Equity, the UK small to mid-market buyout specialist, has sold Walker Hamill, the UK recruitment firm for the financial industry. The sale back to management valued the company at around 10m [pounds sterling] and comes three years...

Pets at Home returns 70m [pounds sterling] to shareholders.(EXITS)(Brief Article)
June 1, 2005... Less than a year since its original buyout, UK pet food and product retailer, Pets at Home has secured a refinancing repaying 20m [pounds sterling] of mezzanine and returning 70m [pounds sterling] to shareholders. Bridgepoint won the deal...

Tuffnells in secondary buyout.(EXITS)(Brief Article)
June 1, 2005... Bank of Scotland has acquired national express parcels carrier, Tuffnells Parcel Express, in a 33m [pounds sterling] secondary buyout transaction. The buyout provides an exit for existing private equity investors The Phildrew Ventures third...

Partial exit for 3i.(EXITS)(UbiNetics acquires 3i Group PLC)(Brief Article)
June 1, 2005... UbiNetics, a UK-based mobile technology supplier in which 3i is a significant shareholder, has sold its test and measurements division to Aeroflex Incorporated in a 46m [pounds sterling] deal. Return details were not disclosed, but some of...

Warburg Pincus acquires Caradon in secondary buyout.(EXITS)
June 1, 2005... Warburg Pincus has acquired heating group Caradon Plumbing from Montagu Private Equity in a 227m [pounds sterling] secondary buyout transaction. Montagu is reported , to have made around two times its money on the investment. Royal Bank of...

3i makes gain on YBR.(EXITS)(Yellow Brick Road)(Brief Article)
June 1, 2005... 3i and Veronis Suhler Stevenson have sold the European directories business Yellow Brick Road (YBR) to Macquarie Capital Alliance Group (MCAG), a consortium of investors led by Australian investment group Macquarie, for 1.8bn [euro]. The...

Advent consortium sells Cybercity.(EXITS)
June 1, 2005... Private equity-backed Cybercity, a Danish provider of Internet and broadband services, has been sold to Telenor for DKK1.385bn (186m [euro]). Advent, Four Seasons Venture Capital, Merrill Lynch and Nordic Venture Partners acquired...

Merlin in tertiary buyout.(EXITS)(Blackstone Capital Partners acquires Merlin Entertainments)(Brief Article)
June 1, 2005... Merlin Entertainments has been acquired by Blackstone's Blackstone Capital Partners IV fund from Hermes Private Equity in a 102.5m [pounds sterling] tertiary buyout transaction. Hermes Private Equity originally acquired the business in...

Spread betting still hot.(BUYOUTS)
June 1, 2005... The buyout of London Capital Group has been funded through a straight term loan provided by a private individual. The funds raised were used to buy out the existing owner, who retains a minority stake in the business, and fund future expansion....

Simon Denham, MD of Capital Spreads.(MANAGEMENT TEAM)(Brief Article)
June 1, 2005... During his career he has built up in-depth experience of multi-currency trading of Swaps, Swaptions, Bonds, IR derivatives, money markets and FX instruments. In addition he has established and run several derivatives trading operations...

Rachel Woodford, marketing director.(MANAGEMENT TEAM)(Brief Article)
June 1, 2005... Previously she was a marketing manager for Cantor Index where she worked closely with Cantor's senior management as the sole member of the marketing team for Cantor Index. During her four years at the company she launched Cantor Index, Cantor...

Frank Chapman, MD, London Capital Group Limited.(MANAGEMENT TEAM)(Brief Article)
June 1, 2005... Before London Capital Group, Frank was director at Cal Futures, London Investment Trust and Baring Securities and was subsequently a managing director at Deutsche Morgan Grenfell and Amerex Petroleum. He was principally involved in the futures,...

LBO syndications arranged April 23 to May 20.(BUYOUTS)(Leveraged Buyout)(Directory)
June 1, 2005... COMPANIES IN THIS SECTION CARADON CHRISTIAN HANSEN CORTEFIEL CORY ENVIRONMENTAL FTE AUTOMOTIVE GRUPO COIN HT TROPLAST RECOLETOS VITERRA YELLOW BRICK ROAD Caradon TARGET NATION: UK ...

Refinancings.(BUYOUTS)
June 1, 2005... COMPANIES IN THIS SECTION DEBENHAMS EDSCHA FOCUS GROUP LEHNKERING MARIE BRIZARD OGF PETS AT HOME SOUTHERN CROSS GROUP VAASEN & VAASEN Debenhams TARGET NATION: UK DATE ANNOUNCED: 06/05/05...

Kirkland lawyer award.(Kirkland & Ellis LLP)(Jack S Levin)(Brief Article)
June 1, 2005... Kirkland & Ellis LLP partner Jack S Levin has been awarded a lifetime achievement award by legal publisher Chambers & Partners. According to Chambers & Partners Managing Editor Fiona Boxall, the selection process for the Lifetime...

BoS reshuffle.(PEOPLE)(Bank of Scotland )(Brief Article)
June 1, 2005... Bank of Scotland Corporate has created three new business units focused on private equity following the appointment of Craig Wilson as head of corporate banking based in London for syndications and the South of England. Steve Morrison has...

New Warburg MD.(Warburg Pincus L.L.C.)(Peter Wilson)(Brief Article)
June 1, 2005... Peter Wilson has joined Warburg Pincus as managing director. He will be based in the London office and will focus on the firm's European later stage and leveraged investment activities. Prior to joining Warburg Pincus, Wilson spent nine...

New Barclays PE heads.(PEOPLE)(Barclays Private Equity)(Brief Article)
June 1, 2005... Tom Lamb, managing director UK; Gonzague de Blignieres, managing director France; and Peter Hammermann, managing director Germany, have been appointed as co-heads of Barclays Private Equity in addition to their country responsibilities. ...

Hotbed appts.(Ian Henderson-Londono appointed)(Brief Article)
June 1, 2005... Hotbed, the UK private equity investor network, has recruited Ian Henderson-Londono as an investment director for London and the South-East of England. He was formerly at Banc-Boston Capital where he was responsible for development capital and...

Pedersen & Partners in Estonia.(PEOPLE)(Brief Article)
June 1, 2005... Pedersen & Partners, a Central and Eastern European executive search firm, has opened an office in Tallinn, Estonia. Kurt Soderstrom, a Swedish national who has worked in the Baltics since 1995, will lead the office. Prior to joining Pedersen &...

GE Commercial appts.(PEOPLE)(GE Commercial Finance appoints 4 executives)(Brief Article)
June 1, 2005... GE Commercial Finance has hired four new executives, two for its European leveraged finance team and two for its secondary markets team. Starting with the leveraged finance team, Vivek Rattan has been appointed as managing director and will...

Barclays Capital appts.(Astrid Audurier appointed)(Brief Article)
June 1, 2005... Astrid Audurier has joined the financial sponsors group within Barclays Capital, reporting to John Leach, managing director in the leverage finance team. Audurier joins after eight years in leverage finance with Citigroup.

Oxford Uni scholarships.(PEOPLE)(Oxford University )(Brief Article)
June 1, 2005... Oxford University Business Economics Programine (OUBEP) is offering two scholarship places on its 2005 course. The programme's steering committee announced their first scholarships to mark the milestone of serving industry for more than 50...

Osborne Clarke promotes.(PEOPLE)(Brief Article)
June 1, 2005... Law firm Osborne Clarke has promoted two of its associates, David Ferris and Carsten Schneider, to partners in its corporate practice. Ferris has worked in the firm's corporate department in Bristol since 1996. He specialises in private...

BoS new team.(Bank of Scotland)(Brief Article)
June 1, 2005... The Bank of Scotland has launched an emerging business team. The team, led by Stuart Yuill, was originally formed to acquire and support high growth start-up business. Yuill, along with Tom Brock and Elaine Campbell as principal business...

Ex-3i US appt.(WHI Capital Partners appoints Martin Gagen)(Brief Article)
June 1, 2005... WHI Capital Partners, a Chicago-based lower mid-market private equity firm has appointed Martin Gagen, former CEO and president of 3i, to its advisory board. He will assist WHI Capital Partners in enhancing its deal flow, evaluating investment...

Blake wins prize.(Jonathan Blake named Global Lawyer of the Year 2005.)(Brief Article)
June 1, 2005... Jonathan Blake, head of private equity at SJ Berwin, has been named Global Lawyer of the Year 2005 by The International Who's Who of Business Lawyers, published by Who's Who Legal, in the private funds category. This is the first time the...

LDC regional teams.(appointments)(Brief Article)
June 1, 2005... LDC has added Jon Addis as investment director to its Birmingham team. Addis comes from support services group Hydrex where he spent two years as corporate development director. He has over 10 years' experience in the private equity industry....

New Cinven associates.(appointments)(Brief Article)
June 1, 2005... Cinven has appointed of four new investment executives to its London, Frankfurt and Paris teams. Leonie Fundulus, an associate in Frankfurt, joined Cinven in March. Prior to this she worked at Morgan Stanley in London, as a member of the...

SJ Berwin promotions.(PEOPLE)
June 1, 2005... SJ Berwin has promoted four partners in its pan-European private equity team, and a further three from the banking and financial services team. New partner Christoph Brenner, in Munich, advises on corporate and private equity transactions with...

New MDs for 3TS.(managing directors., 3TS Venture Partners.)(Brief Article)
June 1, 2005... 3TS Capital Partners has appointed two managing directors, Pekka Santeri Maki and Daniel Lynch. Maki is based in Budapest, Hungary and Lynch in Prague, Czech Republic. Both were previously senior investment directors of 3TS. The...