European Venture Capital Journal articles from November 2006

European Venture Capital Journal archives from November 2006

Lending to the little guy: Nobel peace prize for profitable altruism.(EDITOR'S NOTE)
November 1, 2006... With collusion accusations aimed at private equity's biggest players it is refreshing to see that some of our colleagues are being lauded as Nobel Laureates for peace. Muhammad Yunus and Grameen Bank, which he founded, are sharing this year's...

From EBRD with love: private equity funds in Russia backed by international capital are facing escalating competition from home-grown funds financed by deep pockets of domestic cash.(European Bank for Reconstruction and Development )
November 1, 2006... The big lesson many Russian entrepreneurs are gradually addressing is that cash is not necessarily king. But the latest challenge for international private equity fund raising for Russia is being faced by funds like Berkeley Capital Partners...

Hedge funds as VCs once again: easy come, easy go: we've seen it before but hedgies are investing in the venture space from post-angel to pre-IPO and not everyone is happy.(NEWS ANALYSIS)
November 1, 2006... At this year's annual general meeting in San Francisco the US$1.5bn hedge fund, crossover and venture capital firm, Crosslink Capital, told its investors that 2006 has seen a dramatic increase in hedge fund activity in late stage venture...

Real estate investors march east: two to three time the returns in Western Europe are found further afield.(NEWS ANALYSIS)
November 1, 2006... Real estate investors have been in Central Europe for the past eight years or so and these markets are beginning to perform more like Western European markets because of the ever widening web of the European Union. Therefore, investors are...

You're hired: the growing need for talented staff has pushed recruitment onto the private equity agenda.(NEWS ANALYSIS)
November 1, 2006... October's acquisition of employment services company Parasol by Inflexion Private Equity was the latest deal in a sector that, in 2006, has witnessed a succession of deals backed by PE firms. There have been 28 M&A deals in the recruitment...

Brokers rip-off London's listers: international firms are punished for not knowing their way around the city.(RESEARCH)
November 1, 2006... Companies listing on the London Stock Exchange's Main and AIM Market are over paying their brokers, according to research conducted by independent corporate finance house, Close Brothers. The review focused on companies that raised more...

Always a borrower and never a lender be: Fineprint on LBO contracts shifts power.(REVIEW)
November 1, 2006... Risk, rights and rewards are being rebalanced toward borrowers and away from lenders in the European LBO loan market because of a wide range of seemingly small changes to loan agreements. Unless and until the supply demand mechanics of the...

UK private equity hits the buffers: recent statistics show slowdown for Europe's biggest market.(BUYOUTS)
November 1, 2006... Private equity in the UK is set to slump this year according to the latest research by analysts CMBOR. Figures for the first nine months of this year show the total value of all buyouts involving UK targets stands at around 27bn [euro],...

Germans increase allocations.(ASSETS)(Brief article)
November 1, 2006... German institutional investors are increasing their allocation to private equity with the asset class now accounting for 2% of total investments, according to a survey conducted by Adveq, the Swiss private equity fund of funds investment...

BA Capital team becomes Argan.(BA Capital Partners Europe renames as Argan Capital)(Brief article)
November 1, 2006... BA Capital Partners Europe, the private equity division of Bank of America responsible for investments in Europe, has spun-out and renamed itself Argan Capital. It is a 12 strong team led by three managing partners: Wojciech Goc, Carlo Mammola...

HarbourVest buys portfolio.(American Capital Corp.)(HarbourVest Partners L.L.C.)(Brief article)
November 1, 2006... HarbourVest has led an investor group that has purchased interests in all 96 direct investments made so far by US firm American Capital. The consortium, called American Capita Equity I, also includes Lexington Partners and Partners Group and...

Venture capital back on the hit parade: Scottish Equity Partners raises Europe's largest fund.(CLOSURE)
November 1, 2006... Glasgow-based Scottish Equity Partners raised approximately 238m [euro] for its new fund SEP III, successfully completing the largest venture fund raising in Europe for the last 12 months. The fund raising marks the second time in five years...

London revealed as technology hub: report finds that London is Europe's top VC and tech investment region.(OPPORTUNITY)
November 1, 2006... London attracted 720m [euro] of venture capital in 2005, just 40m [euro] less than the whole of France and just under 100m [euro] more than Germany according to a new report by gateway2investment. The figures reveal that London has the...

IBM to set-up VC centre in Ireland: IDA Ireland and Enterprise Ireland collaborate to help software companies.(PARTNERING)
November 1, 2006... US computer giant IBM is teaming up with the Irish government to help young Irish technology businesses through the creation of a venture capital hub and an innovation centre at Mulhuddart in County Dublin. IBM already has a technology...

PolyTechnos splits fund: German venture firm sets up separate IT and life science vehicles.(PolyTechnos Venture Partners)(Brief article)
November 1, 2006... Munich-headquartered venture capital house PolyTechnos Venture Partners has decided to raise two dedicated funds, signalling a move away from the traditional hybrid structure it has previously pursued. Founding partner Dirk Kanngiesser...

Investors go electronic.(Brief article)
November 1, 2006... UK business angels are pumping their money into the electronics sector according to a report out this month by Beer & Partners, the nationwide business angel network. Sixty-three percent of over 1,000 respondents claimed they regarded this...

UK tech spin-outs stalls.(United Kingdom)(Cambridge Cluster)(Brief article)
November 1, 2006... The Cambridge Cluster has experienced a 1.5% fall in company creation, with investment levels a so falling from 154m [pounds sterling] in 2004 to 125m [pounds sterling] in 2005 according to research from I Library House. The report suggests...

LBA wins Allstars.(London Business Angels)(Brief article)
November 1, 2006... London Business Angels (LBA), an investor in new businesses in the South East of England, has won the award for Private Investor of the Year at the 2006 Investor Allstars UK Venture Capital Awards, its relationship with the VC community which...

Hogg's float: premeria forced to turn tail on first listing attempt.(IPO)
November 1, 2006... Hogg Robinson (HRG) finally went public following a tortuous journey to the London Stock Exchange which saw Permira pull the IPO before listing it a week later at a much lower price. Permira originally wanted to list the business travel...

Gresham makes 3.6x return on 2e2: Duke Street pay 130m [pounds sterling] for IT business.(information technology)(Duke Street Capital)(Brief article)
November 1, 2006... UK mid-market firm Gresham has sold IT services provider 2e2 in a 130m [pounds sterling] to Duke Street Capital, generating a 3.6x return. Duke Street Capital V will take a controlling stake in the Newbury headquartered business alongside...

Budget Telecom listing.(IPO)
November 1, 2006... Frontiers Capital, a UK private equity firm specialising in the telecoms and technology sectors, has listed portfolio company Budget Telecom on Alternext. The French low cost telephone and internet provider listed with a share price of 9.90...

EK Fin sells Rembrandtin.(EK Fin)(Ring Holding)(Brief article)
November 1, 2006... EK Fin, the private equity arm of Bank Austria Creditanstalt (BA-CA), has sold it 100% stake in Rembrandtin, an Austrian speciality coatings manufacturer for an undisclosed sum to Ring Holding. EK Fin acquired the business in 2005 from the...

Advent sells CCS.(Ceska spolecnost pro platebnikarty)(Ceska spolecnost pro platebnikarty)(Advent International Corp)(Brief article)
November 1, 2006... Advent International has sold Ceska spolecnost pro platebnikarty (CCS), a provider of fuel cards and related fleet services for business in the Czech and Slovak Republics, to FleetCor, the US fleet card company. The deal will see Advent paid in...

ABN Amro takes the heat: Finnish investor Sponsor Capital sells Saunatec.(ABN Amro Capital )(Company overview)
November 1, 2006... Mid-market firm ABN Amro Capital has acquired a Finnish sauna maker in a secondary buyout from Sponsor Capital, a Helsinki based private equity house, for an undisclosed amount. Saunatec is one of the world's leading manufacturers of saunas...

Nikko checks out of Menzies Hotels: Robert Tchenguiz teams up with aAIM for 180m [pounds sterling] deal.(aAIM)(R20)(Brief article)
November 1, 2006... Nikko Principal Investments (NPIL) has sold a chain of hotels for 270m [euro] to property investor aAIM and R20, the private equity vehicle of Robert Tchenguiz, the Iranian tycoon. The business consists of 15 UK provincial 4 star hotel and...

Astorg sells CIS: French firm exits meter reader after two years.(Comptage Immobilier Services)(Ista International)(Brief article)
November 1, 2006... Astorg, the Paris-based mid-market investor, has realised its investment in CIS (Comptage Immobilier Services) by selling to Ista International, a German house metering business owned by CVC. CIS is a French facility management company...

Double refinancing for Edmond de Rothschild: returns to investors from Bonpoint and Via Location.(Edmond de Rothschild Capital Partners)(Brief article)
November 1, 2006... A busy month for Edmond de Rothschild Capital Partners (ERCP) has seen the French firm refinance its first two investments, Bonpoint and Via Location, enabling it to return 20% of called capital to investors. Bonpoint is a French luxury...

3i ends eight-year investment: a Strathclyde University spin-off nets 6m [pounds sterling].(3i Group PLC)(Brief article)
November 1, 2006... UK private equity and venture capital investor 3i has sold its minority stake in Vibration Technology (Vibtech), a developer of wireless solutions for the oil, gas and mineral exploration sector, to Sercel, a division of French seismic...

ABN soars from Page: mid-market firm sells aviation specialist.(Hamilton Sundstrand Corp)(ABN AMRO Capital)(Brief article)
November 1, 2006... ABN AMRO Capital has agreed to sell Page Group, the UK avionic equipment manufacturer, to Hamilton Sundstrand, a subsidiary of United Technologies Corporation of the US. Financial details have not been disclosed. The sale marks the end of...

VCs reap rewards from biotech listing: unusually, no new shares have been issued.(venture capital)
November 1, 2006... Swedish biotechnology company Biovitrum has listed on the Stockholm Stock Exchange on 10 [euro] per share, with all of its venture backers cutting their stakes in the company. Headquartered in Stockholm, Biovitrum develops drugs for...

Candover gets out of PVC: the largest plastics production centre in Europe bought by SVP.(Strategic Value Partners)(Vestolit)(polyvinyl chloride or vinyl)(Brief article)
November 1, 2006... German PVC producer Vestolit is being sold by Candover Partners to US private equity firm Strategic Value Partners (SVP) and the company's management. Financial terms of the deal, due to be completed by the end of 2006, were not disclosed. ...

TLcom sells dotcom: first exit of the year.(Tlcom Capital Partners)(Infracom)(Brief article)
November 1, 2006... London-based firm TLcom Capital, the venture house specialising in investments in the communication sector, has completed its first exit of the year with the sale of Netscalibur Italia to Infracom, an Italian ICT group. The deal valued...

Blessed were the deal makers: placement agents face less certain times, with the fund raising binge of the last couple of years possibly slowing down. Some think that agents will have to work harder to generate income, while others see opportunities in the increasing range of funds or in carrying out more broad advisory work for clients.(PLACEMENT AGENTS)
November 1, 2006... The huge level of fund raising for private equity in the last year or two, particularly by so-called mega funds, may have passed its peak. With so much new money sloshing around the system, some believe fund raising will begin to slow down. ...

Oversubscribed funds: agents shift roles in capped funds.(PLACEMENT AGENTS)
November 1, 2006... Nordic technology fund Northzone Ventures had its fastest and most successful fund raising ever this year, when it closed its fifth fund at 175m [euro]. Global Private Equity was placement agent on the fund raising, whose initial target was...

Germany a 360[degrees] review: positivity surrounds both the VC and Buyout sectors.(GERMAN VC)
November 1, 2006... So how has Germany's private equity industry fared so far this year? Sentiment has improved around venture capital, generally in Europe, and Germany hasn't missed this uptick. VC managers are more positive than they have been in years about the...

Young German companies expect mixed fortunes: with investments, exits and fund raising all rising in the last two years, German venture firms are feeling positive. While seed investing has increased from the post-crash nadir, many early stage companies are still not attracting investment.(GERMAN VC)
November 1, 2006... Sentiment for German venture has improved considerably in the last 18 months and confidence is returning to the market, according to the local VC firms that survived the 2000 tech-bubble fall-out. "I am very positive about German venture. The...

Nearest exit may be behind you: last year was Germany's best for cash release.(GERMAN VC)
November 1, 2006... The year 2005 proved to be the best year for exits since the tech bust and venture market downturn, with Germany delivering some of the best realisations in Europe after the landmark US$4.1bn sale of UK Voice-over IP software provider Skype to...

Mittelstand takeovers: while there is continued enthusiasm in some quarters over the potential of the mid-market sector, there is also uncertainty over planned government legislation.(GERMAN PE)
November 1, 2006... Following a strong second half last year, buyout activity tailed off in the first half of 2006, but has been recovering in recent months, according to the German venture capital and private equity association, the BVK. This may be due to...

No celebrations for Doughty Hanson: the 1bn [euro] vehicle set to list on Eurolist by Euronext has been cancelled.(Doughty Hanson and Company Ltd.)
November 1, 2006... The future for permanent capital vehicle IPOs looks uncertain following the cancellation of the 1bn [euro] issue on Amsterdam's Euronext for Doughty Hanson & Co this month. Prior to launch, a considerable amount of time was spent looking at the...

Atria Capital raises 300m [euro]: French mid-market funds in demand.(AtriA Capital Partenaires)(Brief article)
November 1, 2006... AtriA Capital Partenaires, a French middle market LBO player, closed its third LBO fund with 300m [euro] in commitments. These assets were raised in 3 months and are well above the fund's initial target of 250m [euro]. The investor base of...

Swiss PE raises 1.64bn [euro] in two funds: secondary and buyout funds are still attractive to investors.(private equity)(Brief article)
November 1, 2006... Partners Group, the Swiss exchange listed private equity, private debt and hedge fund manager, had final closings on both the Partners Group Secondary 2006 fund and the Buyout 2005 fund. The Secondary 2006 fund held its final closing at 1bn...

Henderson builds 558m [pound sterling] in second fund: public private partnerships are still popular investments.(Henderson Equity Partners )
November 1, 2006... The UK's Henderson Equity Partners has reached first close on Henderson PFI Secondary Fund II, raising 558m [pounds sterling]. The fund will invest in private finance initiative (PFI) and public private partnership (PPP) projects in the UK...

Kelso principals take ownership of their work: the pair invest nearly 50m [pounds sterling] in their new fund.(Kelso Place Asset Management )
November 1, 2006... London-based Kelso Place Asset Management has closed its third turnaround fund--the Kelso Place Special Situations Fund. With investments of 100m [pounds sterling], it is significantly larger than the firms two other offerings. Just shy of 50%...

Buyout fund raises 250m [pounds sterling]: Dunedin's second fund oversubscribed.(Dunedin Capital Partners)
November 1, 2006... Dunedin Capital Partners, a UK-based, mid-market private equity house, completed fundraising for the Dunedin Buyout Fund II with commitments of 250m [pounds sterling]. Dunedin originally sought to raise 200m [pounds sterling] but the hard cap...

Close to promotion: the corporate finance adviser hires new directors across Europe.(Close Brothers Group PLC appointments)
November 1, 2006... Close Brothers, one of Europe's leading, independent corporate finance advisers, has made a series of senior promotions across Europe. Appointments include a further three directors in the UK, a new director in France and senior promotions in...

BLP's spangler off.(Berwin Leighton Paisner)(Timothy Spangler resigned)(Brief article)
November 1, 2006... Timothy Spangler, a partner at Berwin Leighton Paisner (BLP) in the investment management group, has left the UK law firm for US outfit Kaye Scholer, where he will be global head of their investment funds practice. The move makes him Kaye...

Candover opens doors to Milan.(Candover Investments PLC)(Brief article)
November 1, 2006... UK-based private equity firm Candover has officially opened its Milan office, which will be headed by Aldo Maccari, who has relocated from London to Milan after joining the firm in September 2005. Working alongside him, in Milan, will be...

SWIP adds manager.(Scottish Widows Investment Partnership appoints Mirja Lehmler-Brown )(Brief article)
November 1, 2006... Scottish Widows Investment Partnership (SWIP), the asset management arm of the Lloyds TSB Group, has appointed Mirja Lehmler-Brown as investment manager, to its private equity team. She will report to Billy Gilmore, investment director of...

VC specialist appts non-exec director.(appointment of Clare Ferguson at BP Marsh and Partners)(venture capital)(Brief article)
November 1, 2006... BP Marsh & Partners, a venture capital provider to early stage financial services businesses, has appointed Clare Ferguson as non-executive director. She was a partner at Taylor Wessing between 1982 and 2004 and today works three days a week...

Deloitte adds to London team.(PEOPLE)
November 1, 2006... Gary Levinson, the former head of the Deloitte's Mid West transaction services practice in the US, has joined the London office. He will be joining the private equity transaction services team as a partner for two to three years.

Nomura lands head for clean tech.(PEOPLE)
November 1, 2006... Japanese financial services giant Nomura International has hired Russell Pullan as director of New Energy and Clean Technology Ventures. He has joined from the UK's Carbon Trust where he was head of venture capital. This new business will...

Aberdeen adds Jonty, Hall.(appointment of Jonty Hall)(Aberdeen Asset Managers Growth Capital)(Brief article)
November 1, 2006... Aberdeen Asset Managers Growth Capital has appointed Jonty Hall as investment manager to its Northern team. He will focus on new investments involving smaller UK companies requiring up to 4m [pounds sterling] of equity finance, including...

F1 gets new directors.(CVC Capital Partners appointed Peter Brabeck-Letmathe and Martin Sorrell)
November 1, 2006... CVC Capital Partners has appointed two non-executive directors to the board of Alpha Topco Limited, the parent company of Formula 1. Peter Brabeck-Letmathe, chairman & CEO of Nestle, and Sir Martin Sorrell, CEO of WPP are joining the racing...

Young Mott: a man in his prime.(AWARD)(Brief article)
November 1, 2006... David Mott, co-founder and Investment Director of Oxford Capital Partners, has been named Young Personality of the Year at the Investor Allstars Awards. The award, which was presented at the London Hilton, recognises individuals under the age...

AXA promotes Chris Florin.(AXA Private Equity)(Brief article)
November 1, 2006... Christophe Florin, AXA Private Equity's managing director for Asia, has been made a member of the AXA Private Equity Executive Board, which already comprises Dominique Senequier, CEO and chairman of the executive board, Dominique Gaillard,...

Imperial hires recycling guru.(Imperial Innovations Group)(Brief article)
November 1, 2006... Imperial Innovations Group, the listed technology transfer company of Imperial College London, has named Glenn Janes as manager of the Recycling Commercialisation Centre at Imperial Innovations. The Recycling Commercialisation Centre was...

Investec launches ABL division.(PEOPLE)
November 1, 2006... Investec Private Bank of the UK has created an asset-based lending (ABL) team within its growth and acquisition finance business. It will be led by Gary Edwards, formerly COO of GE Commercial Finance Europe, the asset-based lending team will...

Advent appts Italian chair.(Advent International)(Brief article)
November 1, 2006... Advent International has installed Francesco de Giglio as chairman of the Italian office of the firm, bringing the team to five people. De Giglio will work alongside existing managing director, John Singer, and principals Filippo de Vecchi and...

John Hourican promoted at RBS.(appointment of John Hourican)(Royal Bank of Scotland)(Brief article)
November 1, 2006... John Hourican has been promoted to head of leveraged finance and high yield for Europe and Asia Pacific at the Royal Bank of Scotland. He is currently COO for global banking & markets and a member of the GBM board. Euan Hamilton, head of...

AAMPE appoints.(Aberdeen Asset Managers Private Equity)(appointment of Colin Stirling and Denise Emmanuel )(Brief article)
November 1, 2006... UK investment group Aberdeen Asset Managers Private Equity has appointed Colin Stirling as a director of investment and Denise Emmanuel as investment manager, bringing the firm's mid-market team to seven. Stirling will focus on new deals...

August hires manager.(August Equity Limited appoints Keith Davidson )(Brief article)
November 1, 2006... August Equity Limited has recruited Keith Davidson as investment manager from PricewaterhouseCoopers where he served on the corporate finance team since joining in 2002 following a stint at Arthur Andersen. In his new role, he will be...

Gresham nabs E&Y's Hemley.(Ernst and Young L.L.P.)(appointment of Simon Hemley as investment executive)(Brief article)
November 1, 2006... Another mid-market private equity firm has also been raiding the accountants, this time Gresham landing Simon Hemley, who joins the mid-market specialists as an investment executive. He previously worked for Ernst & Young in the mergers and...

MVM installs EIR.(entrepreneur in residence)(VC MVM Life Science Partners)(Brief article)
November 1, 2006... UK biotech VC MVM Life Science Partners has named Soren Mouritsen as an Entrepreneur in Residence. The co-founder of Pharmexa, Combio and Inoxell, among others, will assist MVM in the initial identification of assets through due dilig-ence to...

NBGI adds to investment team.(appointment of Nick Gibbons at NBGI Private Equity)(Brief article)
November 1, 2006... Mid-market house NBGI Private Equity has appointed Nick Gibbons to its investment team. Gibbons joins from Centrica where he worked for four years in corporate strategy, commercial and business development positions. Prior to that he worked for...

IK opens first French office.(Industri Kapital)(Brief article)
November 1, 2006... Mid-market firm Industri Kapital (IK) has opened an office in Paris after six years and eight investments in the country. It will now seek to build its four-strong French team. Christopher Masek, partner at IK, said: "The opening of a...

Waterland makes double hire.(Waterland Private Equity Investments B.V. appoints Jorg Dreisow and David Zimmer )(Brief article)
November 1, 2006... German mid-cap firm Waterland Private Equity Investments has added to its German office with the appointments of Jorg Dreisow as an investment director, and David Zimmer as a senior investment manager. Dreisow joins from German printing...

Candover makes two new hires.(appointments of Clive Dolman and Alexis Dormandy)(Candover Investments PLC)(Brief article)
November 1, 2006... Candover has appointed Clive Dolman and Alexis Dormandy as operations partners, newly created roles that will see the two focus on creating value in the firm's portfolio companies. Dolman has a history with Candover, having been a member of...

AIG hires European MD.(AIG Global Investment Group appoints Ion Bogdaneris as managing director)(Brief article)
November 1, 2006... AIG Global Investment Group (AIGGIG) has recruited Ion Bogdaneris, formerly of Blackstone, for the position of managing director of alternative investments Europe. He will be located in the firm's London office and will report to Robert...

Hotbed appoints new property head.(appointment of Andy Taylor )(Brief article)
November 1, 2006... Hotbed, a UK private investor network which specialises in supplying commercial property and private equity investment opportunities to high net worth individuals, has appointed Andy Taylor as its new head of property. He has been a...

Benson Elliot lands German head.(appointment of Jan-Olof Hansson as investment manager at Benson Elliot Capital Management)(Brief article)
November 1, 2006... Benson Elliot Capital Management, the private equity real estate firm launched by former Doughty Hanson real estate head Marc Mogull, has recruited Jan-Olof Hansson, formerly with CLS Holdings, as an investment manager with the firm. He will be...

Bryan Garnier promotes.(Bruno Tourme promoted as partner)(Brief article)
November 1, 2006... UK headquartered investment bank Bryan, Gamier & Co has promoted Bruno Tourme to partner. He will be based in Paris and London, where he will be heading up the corporate finance technology group in the firm. Tourme joined Bryan Garnier as...

Buyout managers learn new uses for SPACs from hedge funds: a year after the first SPAC listed on AIM, private equity managers are beginning to use the structures creatively.(Special Purpose Acquisition Companies )
November 1, 2006... The world of finance is never more than six months away from its latest fad, its latest invention that purports to make investors more money than before, a bandwagon for everyone to hitch their horse to. More often than not of course these...

Private equity: the saviour of Europe's ailing pension funds: with huge deficates, pensions are in desperate need of returns and are turning to alternative investments. But are their allocations aggressive enough.(ANALYSIS)
November 1, 2006... Pension funds have always been a staple provider of capital to the private equity industry, particularly in the US, where public plans have deep pools of capital. After all, private equity, with its long-term investment horizons, seems well...

US Department of Justice launches PE probe: Tom Allchorne looks at what the DoJ wants and how the industry is reacting.(LEGAL AND REGULATORY)
November 1, 2006... It was, on initial appearances, a dramatic move by the US Department of Justice (DoJ) this month when it launched the first moves in what appears to be a probe into the competitive nature, or otherwise, of private equity deals. The exact...

Management risk: in an EVCJ exclusive, Latitude Partners and Lane 4 research shows how bad management can damage portfolio companies and just how quickly it can happen. The research also highlights the importance of working closely with management, during the first 100 days of investment.(DATA ROOM EXCLUSIVE)
November 1, 2006... There are two major unpredictable factors that go into any private equity investment: the development of the market and the performance of management. The development of the market is somewhat uncontrollable but if approached correctly the...

LBO syndications arranged October.(BUYOUTS)(leveraged buyouts)
November 1, 2006... Altana TARGET NATION: GERMANY DATE ANNOUNCED: 20/10/06 DEAL TYPE: LBO ACQUIRER (S): NYCOMED (NORDIC CAPITAL, CSFB PRIVATE EQUITY AND BLACKSTONE) TOTAL VALUE: 5.7BN [euro] MANDATED ARRANGER (S): CREDIT SUISSE,...

Private equity-backed takeovers subject to EU competition law.(BUYOUTS)(European Union. European Commission)
November 1, 2006... All3Media PRIVATE EQUITY BACKER (S): PERMIRA BUSINESS DESCRIPTION: IN DEPENDENT TELEVISION PRODUCTION DEAL VALUE: 320M [euro] NOTIFIED: 18/08/06 PROVISIONAL DEADLINE: N/A CLEARED: 22/09/06 The European Commission...

Seeking buyers.(Table)
November 1, 2006... Seeking buyers includes listings of all European companies that have announced plans since September 14, 2006 until October 20, 2006 to sell divisions, stakes or their entire company. It also includes purported sales efforts that have...

Calendar.(Brief article)(Calendar)
November 1, 2006... NOVEMBER 2006 2 NOVEMBER Public to Private Deals London Contact Laura Wilkinson Email post@redcliffetraining.co.uk Telephone +44 (0)20 7631 2090 6-7 NOVEMBER Buyouts Symposium West San Francisco, USA Contact Rob Mills...

Announced deals.(Table)
November 1, 2006... ANNOUNCED DEALS Announced deals includes listing of private equity and venture capital transactions involving European targets that were announced from September 16, 2006 to October 20, 2006. The listings are ordered by target nation,...

Prepare--the credit squeeze cometh: how to salvage something from nothing with a portfolio company in distress.(COMMENT)
November 1, 2006... Ask any ten investment professionals what their predictions are for 2007, the chances are that at least nine of them will mention the possibility of a credit squeeze. Naturally, most people in the industry will focus on what this means for new...