Featured Content

5E Makes Rapid Progress, Mulls Capital Increase

20 years ago

5E Holding, the quoted fund-of-funds specialising in Central and Eastern Europe that Vontobel Group launched in 1998 (EVCJ August/September 1998, page 5), committed a total of CHFr 72.9 million to four new funds before the year end. Vontobel Group originally hoped to raise between CHFr 250 million and CHFr 350 million (euro 155 million-euro 220 […]

Continue

Spring Will Be First True Polish Independent

20 years ago

Two former members of Renaissance Capital’s Polish investment team have formed Spring, an independent venture management group that is currently in the market with a $55 million (euro 50 million) Poland fund, Spring Capital. If Spring reaches a successful closing, it will be the first Polish fund raised by an independent local team without a […]

Continue

Geocapital’s Debut EuroFund Beats Target

20 years ago

Geocapital Partners’ first dedicated European Fund exceeded its original $50 million (euro 45 million) target by $3.7 million at its first close last December. The vehicle, which will focus on small, established European computer software and information service companies, will hold a final close on a maximum of $70 million to $75 million in the […]

Continue

DLJ Phoenix Private Equity Eyes European Opportunities

20 years ago

London-based DLJ Phoenix Private Equity is staffing up to develop its business in Continental Europe on the back of its established UK franchise. Senior executives Stefano Bonfiglio and Gregorio Napoleone in January relocated to DLJ Phoenix from Donaldson Lufkin & Jenrette Inc. in New York. The pair, who previously worked together at Bankers Trust, have […]

Continue

Halder Fund IV Enjoys Strong Deal Flow

20 years ago

Halder Holdings of the Netherlands has not let the grass grow under its feet since closing its fourth LP fund on DFl 253 million (euro 115 million) in the second half of 1998. Approximately 30% of Halder Investments IV has been deployed to date in five buyouts and two replacement capital investments in the Netherlands, […]

Continue

PPM Ventures Establishes Continental Presence

20 years ago

By the beginning of March, PPM Ventures will be open for business at 95, Champs-Elysees. Although Prudential’s private equity arm has already completed a number of Continental deals, including Finnish Chemicals, Roventa-Hentex in Switzerland, Suspa Compart in Germany and, most recently, Orefi in France, the new Paris office represents its first direct presence in mainland […]

Continue

Esprit’s Founder Creates Paradigm Ventures

20 years ago

At its official launch on 1 March, Paradigm Ventures, the brainchild of Esprit Telecom founder Michael Potter, will have $100 million (euro 90 million) available to invest in European fast growth high-tech ventures, thanks to what must surely have been one of the shortest offer periods on record. Formal fund raising for Paradigm, kicked off […]

Continue

Granville’s UK/German Fund On Track with GBP110 Million

20 years ago

Granville Private Equity Managers (GPEM) at press time was finalising a GBP110 million (euro 160 million) first close for its sixth fund, GPEM VI. Launched in October 1998 with a target of GBP200 million and a maximum size of GBP250 million, GPEM VI is the private equity mid-market specialist’s largest offering to date and comprises […]

Continue

French Bank Merger Allies Rival LBO Arms

20 years ago

Societe Generale, France’s largest listed bank, in early February launched an agreed takeover bid for Paribas that valued it at euro 15 billion. SG Paribas, as the new group will be known following completion of the merger in March, will rank as Europe’s eighth largest bank, with a market capitalisation of more than euro 30 […]

Continue

Deutsche European Partners Seeks euro 1.6 Billion

20 years ago

Deutsche Bank’s private equity arm, Morgan Grenfell Private Equity (MGPE), has set a euro 1.6 billion target for Deutsche European Partners IV. Formal fund raising for the vehicle will begin on 1 February. MGPE describes Deutsche European Partners IV as a pan-European buyout fund with a focus on the UK, Germany and Italy. Like many […]

Continue

Will Create PE Colossus

20 years ago

ABP, the Dutch civil servants’ pension fund, and PGGM, the Netherlands’ health and welfare workers’ pension fund, in late December announced plans to acquire De Nationale Investeringsbank (NIB), the Dutch state-controlled investment bank in a DFl 4.1 billion (euro 1.9 billion) bid. The two pension funds, which already own 4% of NIB, are expected to […]

Continue

Leading Dutch Pensions Will Create PE Colossus

20 years ago

ABP, the Dutch civil servants’ pension fund, and PGGM, the Netherlands’ health and welfare workers’ pension fund, in late December announced plans to acquire De Nationale Investeringsbank (NIB), the Dutch state-controlled investment bank in a DFl 4.1 billion (euro 1.9 billion) bid. The two pension funds, which already own 4% of NIB, are expected to […]

Continue

Beleaguered Electra Rebuffs 3i’s Offer

20 years ago

The future of Electra Investment Trust (EIT) and its management company Electra Fleming, remained unresolved at press time. EIT is effectively “in play” following an unsolicited offer in January from 3i, the UK’s largest private equity group. EIT, a victim of the substantial discounts that have bedevilled the UK investment trust sector in recent years, […]

Continue

Is There Such a Thing as Too Much Venture Capital?

20 years ago

More than $24 billion poured into US venture capital funds last year and disbursements topped $16 billion, as detailed in the Cover Story. Comparable figures for the European market are not yet available, but undoubtedly they are a mere fraction of the US volume, despite the growing number of true venture capital funds throughout the […]

Continue

Acquisitions in Europe

20 years ago

Discussion of the euro in newspapers across Europe has been hard to avoid, and even now, when the euro has become a reality for many countries, the political debates are still raging. What is not in debate is that business in Europe is undergoing its most profound restructuring since the introduction of the Single Market, […]

Continue

Ken Hanna Joins Compass Partners International

20 years ago

Ken Hanna, the former chief executive of Dalgety, has joined Compass Partners International as a partner. Compass, a private equity and strategic advisory firm whose founding partners are Stephen Walters, formerly head of M&A at Morgan Stanley, John Clark, previously chief executive of BET, and Paul Soldatos, a former Investcorp partner, recently closed its debut […]

Continue

Hicks Muse Staffs Up in Europe

20 years ago

As it gears up to launch its first dedicated European fund in the second quarter, Hicks, Muse, Tate & Furst Inc. has added two principals to its London office, which is headed by chief operating officer John Muse. Both Lyndon Lea and Philippe von Stauffenberg have experience in European private equity. Lyndon Lea joins Hicks […]

Continue

Damon Buffini Named as UK Head of Schroder Ventures

20 years ago

Schroder Ventures has appointed Damon Buffini as managing partner of its UK business to succeed Peter Smitham, who is stepping down after five years in the role to concentrate on his role as chairman of Schroder Ventures Europe. A Cambridge law graduate and Harvard MBA, Damon Buffini worked for LEK Partnership and Imperial Group before […]

Continue

Digital Edition

To read a digital copy of our latest magazine

click here

PE News Briefs