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KKR European Fund Mooted

20 years ago

Kohlberg Kravis Roberts & Co (KKR) hit the European headlines during the summer with two high profile transactions – the GBP851 million (ecu 1.2 billion) public-to-private buyout of insurance group Willis Corroon and the DM3 billion (ecu 1.5 billion) acquisition of the Herberts paints and coatings business from Hoechst. (The sale agreement for Herberts is […]

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Compass Europe Fund Approaches Close

20 years ago

Compass Partners International by mid-autumn was more than two thirds of the way to its $1 billion (ecu 835 million) target for its debut European fund. The group, which opened a London office earlier this year and also has a base in New York, began marketing Compass Partners European Equity Fund in the first half […]

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UK Buyout Values Reach New Peak

20 years ago

Preliminary estimates of third quarter UK buyout activity published by the Centre for Management Buyout Research (CMBOR) give a total market value of GBP11.4 billion (ecu 16.2 billion) for the year to date – already substantially above 1997’s record GBP10.7 billion full year value. Estimated at GBP3.6 billion, 1998’s third quarter was the second highest […]

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Germany Sees Sustained Increase in Venture Activity

20 years ago

Statistics for the first half of 1998 released by the Bundesverband Deutscher Kapitalbeteiligungsgesellschaften (BVK), Germany’s national venture capital association, suggest that the market is heading for another record-breaking year. In the six months ended 30 June, BVK members made 387 new investments at a total cost of DM650.8 million and deployed a further DM375.4 million […]

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Quest for Growth Targets New Markets Prospects

20 years ago

Quest Management, a joint venture between Quartz Capital Partners, Capricorn Venture Partners and its managers Johny Neven and Philippe Haspelagh, raised BFr2.707 billion (ecu 66.6 million) for Quest for Growth, a “Pricaf” that listed in September on the Brussels stock exchange. Pricafs – the name is an abbreviation of Sicaf (Societe d’investissement a capital fixe) […]

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Auriga Aims to Set High-Tech Benchmark

20 years ago

Auriga Partners, a new venture capital firm created this summer by the former Finovelec management team, at press time was preparing a FFr 300 million (ecu 45 million) second close for Auriga Ventures. The vehicle, targeted at FFr 400 million, will invest in seed, start-up and very early-stage high-technology companies in the IT and life […]

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Schroder Ventures Backs Swedish PKI Specialist

20 years ago

Schroder Ventures in October announced a $6.5 million (ecu 5.4 million) investment in iD2, a Swedish company specialising in Internet security software. iD2, which is affiliated with Ericsson and operates out of Stockholm and London, has developed a complete set of tools and software products to enable secure identification on the Internet. “Digital signatures” will […]

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Alpinvest Adds Paper and Poultry Investments

20 years ago

Alpinvest Holding of the Netherlands this autumn completed an expansion funding for a German decorative paper group and an MBI of a major Dutch poultry producer and processor. Alpinvest in early September acquired a 20% holding in Suddekor Drukerei from its private owners. Suddekor, based in South Germany, is one of the leading printers of […]

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Advent Int’l Backs Austrian Telecoms Group

20 years ago

Advent International in October provided ASCh 180 million (ecu 13 million) in expansion capital to CyberTron to support the independent Austrian telecommunications company’s ambitious expansion programme. Founded in 1995, CyberTron was the first company to receive a Class 4 licence to provide a full range of telecoms services in Austria following deregulation, which took effect […]

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BankAmerica and DBG Buy into Hungarocamion

20 years ago

BancAmerica Equity Partners – Europe (BAEP) and DBG Osteuropa-Holding, a Central and Eastern European private equity fund sponsored by Deutsche Bank, are each investing $6.6 million (ecu 5.5 million) to acquire 38.8% holdings in Hungarocamion. Hungarocamion is Hungary’s largest road transport and freight forwarding company and the leading Hungarian player in international road transport, operating […]

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Chase Links with Formus to Fund Arcis Start-Up

20 years ago

Chase Capital Partners (CCP) in September announced a “significant” investment alongside Formus Communications Inc. in Arcis Media.Com Management, a German start-up facilities-based telecommunications company. Arcis has been awarded national and regional licences to provide fixed and mobile telecommunications throughout Germany and has also applied for frequencies that would enable the company to operate a Local […]

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German Genomics Start-Up Raises DM15 Million

20 years ago

Artemis Pharmaceuticals, a new German biotechnology company, was launched this September with backing of more than DM15 million (ecu 7.6 million). As well as soft loans and grants from the regional German governments of Baden Wurttemberg and North Rhine Westphalia, Artemis secured investment from groups including FEI Biomedicine Private Equity Holding of Switzerland, Atlas Venture […]

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Independent Galileo Seeks FFr 500 Million

20 years ago

French high-tech investment specialist Galileo, which this July completed its own buyout from Worms & Cie, shortly afterwards held a FFr 350 million first closing on Galileo II. The newly independent group has set a FFr 500 million (ecu 75 million) target for the FCPR, a successor to the FFr 150 million “evergreen” Galileo vehicle. […]

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PZ Rona Targets $100 Million Successor Hungary Fund

20 years ago

PZ Rona, Hungary’s largest venture capital firm, seeks $100 million (ecu 83 million) for Hungary Venture Fund, LP. The group currently manages The First Hungary Fund, a Dublin-listed vehicle with $122 million in capital, whose 12-year life extends to December 2001. Managing director Michael Carter, who set up PZ Rona’s London office last year, said […]

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LGT Strengthens Alternatives Arm

20 years ago

Some eighteen months after the sale of LGT Asset Management to Amvescap, Liechtenstein Global Trust (LGT) has reaffirmed its commitment to the alternative assets market. The group has formed LGT Capital Management to unite its various alternative and traditional activities under a single umbrella and allocated $400 million (ecu 335 million) of its own capital […]

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EQT Nordic and Denmark Strike Chord

20 years ago

EQT Partners in September announced the final closings of both EQT Scandinavia II and EQT Danmark. EQT Scandinavia II, the follow-on fund to Scandinavian Equity Partners, closed on approximately SKr 5.7 billion (ecu 600 million), slightly more than its original upper target of SKr 5 billion. EQT Danmark, a dedicated vehicle for middle-market Danish investments, […]

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VenCap Launches Maiden European Fund-of-Funds

20 years ago

VenCap International, the UK-based fund-of-funds manager, and InVent, Denis Mortier’s Paris private equity “boutique”, have joined forces to raise a euro 250 million fund-of-funds. Euro Private Equity Partners will invest in small to medium-sized European private equity funds, encompassing venture capital, development and buyout vehicles. Russell Pennoyer of Benedetto, Gartland & Co, the placing agent […]

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Greenoak Sets $200 Million Target for Fund-of-Funds

20 years ago

Greenoak Capital Management is now in the market with a European fund-of-funds. The group launched its fund-raising effort in September and has set a $200 million (ecu 167 million) target for the vehicle. The Greenoak European Private Equity Fund is the group’s first formal partnership, although Greenoak – which changed its name from Granville Private […]

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