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Nokia Will Enter Corporate Venturing Market

19 years ago

Broad-based Finnish telecommunications group Nokia is the latest European corporation to announce its entry into the corporate venturing arena. The group plans to establish the Nokia Venture Capital Fund, capitalised at $100 million (ecu 91 million), to fuel future growth and boost new product and long-term business development. Nokia itself has grown rapidly recently through […]

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Pantheon Launches Third US Fund-of-Funds

19 years ago

Pantheon Group, which recently wrapped its first European fund-of-funds on ecu 214 million and is approaching a close over target on its second Asian fund-of-funds, began marketing its third US fund-of-funds in April. In contrast with the group’s two earlier US-focused vehicles, which were raised from non-US LPs, Pantheon USA Venture Partners III aims to […]

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Schroder Ventures Seeks $200 Million for Life Sciences Fund

19 years ago

Schroder Ventures has doubled the target for its second international life sciences vehicle. The group seeks to raise $200 million (ecu 183 million) for Schroder Ventures International Life Sciences Fund II, a successor to the 1994-vintage fund. Like its predecessor, the new fund will build a portfolio that will be biased towards US and early-stage […]

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BT Alex Brown Moves Into European Fund Placement

19 years ago

Capitalising on US investors’ interest in European funds, BT Alex Brown’s placement agency has signed on its first two Europe-based buyout funds and is marketing them to both US and international limited partners. Butler Capital Partners, a Paris-based private equity firm in May sent out offer documents for France Private Equity II LP, which has […]

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Advent Eyes GBP100 Million For Second Venture LP

19 years ago

Advent Limited in May held a GBP45 million (ecu 67 million) first closing for Advent Private Equity Fund II (APEF II). A GBP7.5 million commitment from the European Investment Fund (EIF) – the largest investment by this vehicle to date – helped boost APEF II over its original first closing target of GBP40 million. Advent […]

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BPEP Develops Leveraged Model for UK Fund

19 years ago

At an international venture conference held at the beginning of June, “Equity Gap” Chancellor Gordon Brown unveiled plans for a GBP120 million (ecu 179 million) fund to support “equity gap” businesses in the UK regions. Key to the Baring English Growth Fund is a leveraged structure designed to enable the vehicle to deliver returns to […]

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HSBC Private Equity Establishes French Base

19 years ago

HSBC Private Equity’s investment in HCT Shaping Systems of Switzerland (story, page 23), was the inaugural deal coordinated by the group’s new Paris representative office, which opened three months ago. The Paris office, within HSBC Investment Bank, is headed by investment director Paul Bekx and investment manager Paul Williams. The two executives divide their time […]

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Advisers on Private Equity Launches Fund-of-II

19 years ago

Advisers on Private Equity, the Zurich-based international private equity boutique established in April 1997, aims to hold a first closing on its second fund-of-funds, Private Equity European Partners CV (PEEUP), in the first week of July. PEEUP has a target of ecu 100 million and will be capped at ecu 150 million. Last year, the […]

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NeSBIC Seeks to Exploit Technology Convergence

19 years ago

NeSBIC Groep is in the process of raising a fund to provide what it describes as “value-added venture capital for IT, telecoms and media”. The NeSBIC Converging Technologies Europe (CTE) Fund is targeting DFl 100 million (ecu 45 million), 32.5% of which will be provided by NeSBIC’s parent Fortis. The balance is being marketed to […]

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Blue Chip Fund-of-Favours European Buyouts

19 years ago

Unicapital Investments, a new fund-of-funds created by independent Swiss asset management group Unigestion Holding and the bank Pictet & Cie, was established in November last year and closed at the end of March with subscriptions of CHFr 200 million (ecu 122 million). Bernard Sabrier and David Chamberlain of Unigestion said the vehicle would be strongly […]

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Advent Nears $200 Million For Central Europe Fund

19 years ago

Advent International was approaching a $200 million (ecu 182 million) close on its second Central and Eastern Europe Fund in June, said Nick Callinan, the group’s US-based managing director of emerging markets. The fund has closed on $125 million so far, holding an $82 million first close in December (EVCJ February/March 1998, page 3) and […]

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Hibernia Tops Target For Maiden Fund

19 years ago

Hibernia Capital Partners, the independent Irish private equity house formed last year by Frank Reihill & Co and The Chart Group (EVCJ October/November 1997, page 12), closed its first private equity fund 22% over target on IRGBP 61 million (ecu 78 million) in April. The vehicle currently ranks as the largest private equity fund in […]

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Excel Capital Partners Reaches First Close

19 years ago

Excel Partners has announced a first closing in excess of Pta 8 billion (ecu 47.8 million) for Excel Capital Partners III LP (ECP3). The fund, which will close on or before 31 December, will be capped at Pta 18 billion (ecu 107 million). BT Alex Brown (story, page 10) is placing the fund, and investors […]

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Natexis Plans ’98 Offering In Venture and Mezzanine

19 years ago

Following a year of consolidation in 1997 after the merger of its parent banks, Financiere Natexis, the private equity arm of Groupe Natexis, plans to raise new venture and mezzanine vehicles during this year. The first, Natexis Ventech, aims to raise FFr 250 million to FFr 300 million (ecu 38 million-ecu 45 million) for investment […]

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3i Beats UK Fund Target, Closes Its Euro Effort

19 years ago

3i’s two latest forays into the external fund-raising market have reached successful conclusions. The 3i Eurofund II closed in mid-May at its maximum level of ecu 650 million, while the UK Mid-Market Programme has exceeded its original GBP1 billion target, bringing in a total of GBP1.3 billion (ecu 1.9 billion) for UK deals in the […]

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UK PE Shows Strong Long-Term Performance

19 years ago

Headline numbers from the latest survey of UK venture fund performance showed continuing significant outperformance of UK pension fund assets over one, three, five and ten years. Over three and five years venture funds also outperformed the FTSE All-Share and FTSE 100 indices, according to the 1997 Performance Measurement Survey undertaken by the British Venture […]

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Alchemy CrystallisesExpansion Plans

19 years ago

After a flying start in its first year, when it invested GBP80 million (ecu 119 million) in 13 deals, Alchemy Partners is preparing for a substantial expansion of its business as it extends its sphere of operations from the UK into the German and Swiss markets. To fund increased levels of activity, the Alchemy Investment […]

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Mezzanine Management Expands on the Continent

19 years ago

Mezzanine Management is significantly strengthening its operations and expanding its geographic reach in response to growing demand for mezzanine in Continental Europe. The firm has recruited Steffen Lehmann, previously second-in-command at 3i’s Frankfurt office, as managing director of a new German operation in Frankfurt. The group is taking a different approach in Italy, where instead […]

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