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UK PE Shows Strong Long-Term Performance

20 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

20 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

20 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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Equity Capital Group Moves into Germany

20 years ago

The stampede into Germany’s private equity market continues. GE Capital Equity Capital Group Europe (ECG Europe) is the latest firm to announce the establishment of a German office. ECG Europe, which is a division of GE Capital Services, is headquartered in London and already has offices in Italy, Warsaw and Stockholm. Nick Money-Kyrle has been […]

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M&A and EMU – International Perspective

20 years ago

If we make the heroic assumption that European Monetary Union (EMU) will be successful, what will be the impact on the European mergers and acquisitions market? The single currency and market will have the combined effects of reducing transaction costs, removing exchange-rate risk and increasing price transparency. All these changes should intensify competition and open […]

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UK and German Advisors Team Up in Private Equity

20 years ago

As new players continue to flood into the German private equity market, London law firm SJ Berwin & Co and Frankfurt-based Knopf, Tulloch & Partner have teamed up to service growing opportunities in Germany and throughout Europe. SJ Berwin senior partner David Harrell said “This is a unique opportunity to combine our skills in the […]

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Granville Fund Group Adopts Greenoak Label

20 years ago

Granville Private Equity Funds, the fund investment side of Granville’s private equity business, in May announced a change of name to Greenoak Capital Management. This move, which followed closely on the appointment of Gary Solomon as chief executive officer of the fund management business, is intended to differentiate between Granville’s advisory and direct private equity […]

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French Drug Startup Receives Apax Backing

20 years ago

In May, funds managed by Apax Partners & Cie, together with the quoted investment vehicle Altamir, provided FFr 6 million (ecu 900,000) of follow-on venture backing for Hybrigenics. The young company specialises in the identification of new pharmaceutical agents with potential therapeutic applications in the treatment of cancer and infectious diseases. Hybrigenics recently formed a […]

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Roslin Bio-Med Will Exploit Dolly Cloning Technology

20 years ago

3i has provided backing of GBP6 million (ecu 8.9 million) for a new biotechnology company, Roslin Bio-Med, established by the Roslin Institute. Roslin Institute developed the nuclear transfer technology which created Dolly the sheep, the first mammal cloned from an adult cell, and Polly and Molly, the first transgenic lambs produced by nuclear transfer. Roslin […]

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Alpinvest Takes Stake in Dutch IT Services Group

20 years ago

Alpinvest Holdings in May invested an undisclosed sum to take a stake of approximately 12% in Proface Automatiseringsgroep. Specialising in the exploitation and management of computing centres and in software development, Proface is one of the leading Dutch companies in its market segment, with a client base dominated by banks and other financial institutions. The […]

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Gilde Partners Cedar Fund To Support NetReality

20 years ago

The Gilde IT fund invested $1 million in Tel Aviv-based NetReality as part of a $3 million (ecu 2.7 million) funding round led by Gilde’s Israeli partner, Cedar Fund. The investors hold a minority stake in NetReality, which was founded last April by a team of experienced networking specialists from Bay Networks, 3Com and Lannet. […]

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Technologieholding Leads Venture Funding for NxN

20 years ago

Munich-based NxN Digital Entertainment, a specialist in high-end software products and services for the entertainment technology market, raised DM4.5 million (ecu 2.3 million) of venture backing from a consortium led by Technologieholding. The company, founded in June 1997, is based around a game development tools suite which includes the NxN Media Editing Environment and the […]

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KTI Formed with Backing from Electra Fleming

20 years ago

Electra Fleming has provided $24 million (ecu 22 million) to finance the formation of Knowledge Technologies International (KTI), a vehicle that has acquired an exclusive licence to the ICAD System, together with its associated global business, from Concentra, a Nasdaq-quoted software company. ICAD is a knowledge-based organisation tool for design automation applications. It combines rapid […]

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PPM Ventures Leads German Buyout

20 years ago

Hot on the heels of its GBP40 million (ecu 60 million) buyout of the UK/German First Cartons business (EVCJ April/May 1998, page 29), PPM Ventures in April led the buyout of SUSPA Compart AG. SUSPA is a leading producer of gas springs for the automotive and office furniture industries and suspension systems for washing machines. […]

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Cinven Lines Up GBP1.5 Billion of New Capital

20 years ago

Following the completion of Second Cinven Fund, announced in early May, the UK buyout group has a formidable GBP1.5 billion (ecu 2.2 billion) of new capital available for investment, consolidating its position as one of Europe’s most prolific buyout investors. When its second fund-raising effort was announced, Cinven publicized a GBP450 million target, excluding monies […]

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CVC To Staff Brussels Office, Extend European Reach

20 years ago

CVC Capital Partners has expanded its network of European offices to nine with the opening of a Brussels operation (EVCJ February/March 1998, page 3). Managing director Geert Duyck will head the Belgian office. He joins following ten years with BBL, where he headed the investment banking department, which specialised in equity capital markets, M&A, private […]

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BancBoston Capital Looks To Nordic Markets

20 years ago

BancBoston Capital has recruited Christian Drougge to represent its interests in the Nordic countries. Managing director Andrew Kellett said the appointment reflects BancBoston Capital’s intention of enhancing its European presence and increasing its non-UK business. “There will be further evidence of our commitment to building a pan-European business in the next three to six months”, […]

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Takeovers to Take Off Developments in the Travel Sector

20 years ago

The travel sector in the past has had an uneasy relationship with the financial institutions of the City and provided mixed results to private equity financiers, particularly in the late 1980s and early 1990s when the industry was badly hit by recession. However, with 14.5 million holiday-makers expected to spend GBP10 billion travelling abroad this […]

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