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PDA Market Space Draws Venture Capital –

19 years ago

SAN FRANCISCO – Handspring, a company designing the next generation of personal digital assistants (PDAs), recently raised an undisclosed amount of capital in a first round of venture financing from Benchmark Capital and Kleiner Perkins Caulfield & Byers. The company’s founders, PalmPilot developers Donna Dubinsky and Jeff Hawkins, plan to make a more consumer-oriented product […]

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PDA Market Space Draws Venture Capital –

19 years ago

SAN FRANCISCO – Handspring, a company designing the next generation of personal digital assistants (PDAs), recently raised an undisclosed amount of capital in a first round of venture financing from Benchmark Capital and Kleiner Perkins Caulfield & Byers. The company’s founders, PalmPilot developers Donna Dubinsky and Jeff Hawkins, plan to make a more consumer-oriented product […]

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Management Buy-Ins – The Next Generation

19 years ago

The UK venture capital market has shifted focus during the past three years as a result of a dramatic increase in the value of management buy-ins (MBIs) compared to management buy-outs (MBOs). This rise started in 1996, as the value of buy-ins exceeded that of buy-outs and the value of the buyout market (MBOs and […]

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Deutsche Bank Private Equity Arm Gets New Name

19 years ago

In preparation for its new fund-raising exercise, the private equity arm of Deutsche Bank has dropped “Development Capital” from its name and adopted the title Morgan Grenfell Private Equity (MGPE) in order more accurately to reflect the full spectrum of its activities. At press time, MGPE had not offically announced a target figure for its […]

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RBS Appoints Head for French Acquisition Unit

19 years ago

The Royal Bank of Scotland (RBS) has appointed Eric Mallaroni, formerly of Union Europeene de CIC (CIC) to head its new Paris operation. RBS, an established leader in the UK acquisition finance mid-market, aims to export its successful formula into Continental Europe and to this end is simultaneously establishing acquisition finance units in Germany and […]

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Candover Adds German Team Member

19 years ago

Candover’s recruitment of a new investment director, Jens Tonn, underlines the firm’s intention to increase its activity levels in Continental Europe. Jens Tonn, who before joining Candover was Citicorp’s vice president and head of M&A in Germany and Austria, has a brief to originate and transact deals in Germany. A former project manager with Deutsche […]

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Cabot Square CapitalStaffs Up for Fund Launch

19 years ago

Matthew Hudson in November left leading law firm SJ Berwin & Co to join Cabot Square Capital, a London-based principal finance house, as chief counsel and investment director. Established in 1996 by John Van Deventer, formerly of Goldman Sachs & Co, and John Clark, previously with Lehman Brothers, Cabot Square Capital manages and advises funds […]

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NeSBIC and Kennet Fund Software Firm

19 years ago

NeSBIC of the Netherlands joined forces with Kennet Capital, the UK-based specialist IT venture fund, to provide GBP1.7 million (ecu 2.4 million) of expansion capital to Consul Risk Management, a Dutch software developer. Consul was established in 1991 and specialises in the development, implementation and support of a wide range of mainframe and open systems […]

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GIMV Backs Chinese Brewery Joint Venture

19 years ago

GIMV, the Flanders-based private equity group, and Boortmalt, the largest independent maltster in Belgium, together have invested BFr 250 million (ecu 6.2 million) in a joint venture with a Chinese enterprise, Beijing Beer Material Factory. The joint venture company, Beijing Boortmalt Malting Company (BBMC), which produces malt for China’s brewing market, was launched in November. […]

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Equity Capital GroupBacks Logistics Merger

19 years ago

GE Capital’s Equity Capital Group Europe (ECG Europe) provided L16 billion (ecu 8.2 million) to back the merger of two of Italy’s leading logistics businesses. Merzario, a freight forwarding company with 18 bases worldwide and a turnover of L180 billion, has joined forces with Serra Group, a logistics operator specialising in the transportation of cars, […]

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Legal & General Snaps Up Seafoods Group

19 years ago

Legal & General Ventures (LGV) in October paid GBP47.5 million (ecu 67 million) cash to acquire the Fish Division of Booker plc. The business, renamed Bluecrest Seafood, supplies fresh fish and own-label seafood products to multiple retailers and is the UK market leader in this sector. Bluecrest comprises four businesses – Bluecrest Freebooter, Kilron Seafoods, […]

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PPM Ventures Buys French Distributor

19 years ago

PPM Ventures in mid-December acquired a majority stake in Orefi, a Lyon-based multi-specialist distributor of industrial supplies. The total deal funding of FFr 740 million (ecu 112 million) included working capital and finance for future acquisitions. Deutsche Bank provided the senior debt component of the funding alongside a mezzanine tranche from Intermediate Capital Group. Orefi […]

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Safety First in Electra Buyout

19 years ago

BTP plc in October sold its safety equipment division to Electra Fleming for GBP100 million (ecu 142 million) cash. The acquisition was effected through Capital Safety Group, a new company formed for the purpose. The acquired business is the leading worldwide manufacturer and distributor of industrial fall protection equipment. The company made GBP10.2 million operating […]

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Schroder Ventures Buys Pharma Packaging Businesses

19 years ago

Schroder Ventures in late November bought out Betts, a group of three pharmaceutical and oral care packaging businesses, from Akzo Nobel in a GBP103 million (ecu 146 million) deal. Betts was Schroder Ventures’ third acquisition in the European healthcare sector in 12 months, following the purchases of Sirona Dental Systems and Leica Microsystems. Betts is […]

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Merger Gives Apax Stake in Constructor Dexion

19 years ago

Dexion, the UK based materials handling and storage products specialist in September announced a planned merger with Constructor, the Norwegian storage group owned by the listed Aker RGI holding company. The merger came just nine months after Apax led a GBP70 million buyout of Dexion from Interlake Corp. of the US. The enlarged group, called […]

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CVC To Take Half Share in Wavin

19 years ago

CVC Capital Partners in December announced that is in advanced negotiations to acquire 50% of Wavin, Europe’s largest manufacturer of plastic pipe systems, from Shell Petroleum, which is currently divesting its vinyl activities. CVC did not disclose the price it plans to pay, but industry observers suggest it could be as much as DFl 700 […]

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UBS CapitalScores First French Deal

19 years ago

A year after opening its Paris operation, UBS Capital, the private equity arm of UBS, completed its first direct investment in France. UBS Capital in October acquired a majority stake in Ardial, a leading French cash-in-transit and security group, for an undisclosed sum. Ardial, which has 2,300 employees, forecasts sales of close to FFr 1 […]

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Legal & General Ventures has Emtec Deal Taped

19 years ago

Legal & General Ventures (LGV) of the UK has announced the acquisition of Germany’s Emtec, the world’s largest manufacturer of magnetic tape, in a transaction with a gross value of some DM 530 million (ecu 270 million). Formerly owned by the German conglomerate BASF, Emtec was acquired by Korea’s Kahap group in early 1997. Although […]

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