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BancAmerica Equity Partners Eyes German Mid-Market

20 years ago

BancAmerica Equity Partners (BAEP), the private equity arm of Bank of America, in October appointed Jurgen Immer as a principal to head its activities in Germany and the German-speaking markets. He will be based at a new office in Frankfurt, which will complement BAEP’s existing European offices in London and Warsaw. Jurgen Immer joined BAEP […]

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NeSBIC’s Converging Technology Fund Hits Target

20 years ago

NeSBIC Groep in mid-December was putting the finishing touches to the NeSBIC Converging Technologies Europe Fund (NeSBIC CTE Fund), which is set to close on or above its DFl 100 million (ecu 45 million) target. Robert Wilhelm, an investment director of the fund, said the final close could be extended into the new year and […]

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BNP Group Markets First Central Europe Fund

20 years ago

Banque Nationale de Paris (BNP) and BNP Private Equity (BNP PE), the newly formed portfolio management subsidiary of the Banexi Group, in October launched a $135 million (ecu 114 million) fund targeting Central Europe. The two groups, which have committed $20 million to the BNP Central European Partnership Fund, their first private equity vehicle for […]

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Advent Central Europe II Effort Beats Target

20 years ago

Advent International added $98 million to its second Central and Eastern Europe fund in an October final closing that took the vehicle to $180 million (ecu 151 million). Advent Central & Eastern Europe Fund II (Advent CEEF II), which had an original target of $150 million, was launched in the autumn of 1997 as a […]

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Parallel Ventures Appoints RBDC as Third Manager

20 years ago

Parallel Ventures Managers in late October announced that it has appointed Royal Bank Development Capital (RBDC) as its third private equity fund manager. The group has allocated GBP200 million (ecu 284 million) for co-investment in RBDC transactions during the next five years. A spin-out from AXA Sun Life Asset Management (AXA SLAM), Parallel Ventures this […]

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GIMV Unveils International Ambitions

20 years ago

GIMV, the Flanders-based investment group in October announced a BFr 4 billion (ecu 100 million) raft of commitments to international funds, signalling the group’s intention to develop into a significant force outside its domestic market. Three of the fund investments, in Sofinnova Capital III (story, page 13), Galileo II and REL-Club Deal, involve France-focused funds. […]

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Alpinvest Links with Excel

20 years ago

Excel Partners, which hopes to close its Pta 15 billion (ecu 90 million) target Excel Capital Partners III fund at the year end or early in 1999, has signed up Alpinvest of the Netherlands as a major investor. Alpinvest has committed Pta 2.5 billion to Excel Capital Partners III and, through a co-investment agreement, may […]

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TVM Rides German Biotech Wave

20 years ago

TVM Techno Venture Management has expanded its biotechnology portfolio at a cracking pace since 1997 when its ecu 92.5 million TVM III fund began investing. Spurred by the unprecedented levels of biotechnology and life sciences investment opportunities available both in Germany and elsewhere in Europe, TVM in the spring of 1998 launched a dedicated biotechnology […]

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Venture Leasing Arrives in Europe

20 years ago

Inside Technologies, a French developer of semiconductor chips, this autumn completed a third funding round, securing slightly more than $5 million (ecu 4.2 billion) of additional resources. The deal, on the face of it an unremarkable follow-on funding, is notable as the first recorded application of venture leasing in the European market. European Venture Partners […]

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GENES PreparesPioneering Space Fund

20 years ago

GENES Venture Services, Germany’s longest-established venture management group, in 1999 plans to launch Europe’s first dedicated fund for the space technology sector. The fund, Ignition SpaceVentures, will aim to become the world leader in the commercial space start-ups field. Telecommunications aside, the commercial potential of space technologies to date has been largely unexploited. According to […]

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Hoechst and Hesse Create Joint Life Sciences Fund

20 years ago

As the biotechnology boom in Germany continues, the state of Hesse and the pharmaceuticals and chemicals giant Hoechst, which is based in Hesse in central Germany, have joined forces to carve themselves a slice of the action. The two groups in November announced the formation of a DM125 million (ecu 64 million) joint-venture fund, Future […]

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Supported by UBS, Phildrew Aims for GBP300 Million

20 years ago

Fund raising for Phildrew Ventures’ fifth and largest fund was well advanced by late 1998. With a target of GBP300 million (ecu 426 million), the Phildrew Ventures Fifth Fund is nearly double the size of its predecessor, which raised GBP164 million in 1995. Phildrew, however, will need to raise only GBP150 million from third parties […]

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European Strategic Partners Hits Fund-Raising Trail

20 years ago

European Strategic Partners (ESP), the $1 billion (ecu 840 billion) target fund-of-funds that is the first fruit of a joint venture between Standard Life and Hamilton Lane Advisors, aims to provide a broad constituency of international investors with exposure to a diversified portfolio of premier European private equity vehicles and direct investments. In Europe, as […]

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Apax To Replenish Coffers With Euro 1.8 Billion Effort

20 years ago

Apax Partners & Co Ventures is becoming virtually a permanent presence in the fund-raising market, as befits one of Europe’s longest-established and most active private equity groups. As Apax France V approached its final close in December, looking set to surpass its FFr 1.2 billion (ecu 182 million) target, Apax was preparing to raise Apax […]

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Hicks Muse Plans $1.5 Billion Fund for Europe

20 years ago

As Hicks, Muse, Tate & Furst put the finishing touches to its $4 billion fourth US fund, the group confirmed that it plans to raise a dedicated European fund during 1999. The group has set a provisional target of $1.5 million (ecu 1.3 billion) for the vehicle, which is due to be launched during the […]

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Duke Street Celebrates Independence

20 years ago

Since its own buyout this summer, Duke Street Capital (formerly HEV) has achieved a major exit, selling Glass’s Group (story, page 23), and added to its portfolio through one new investment and two follow-on fundings. In mid-August, Duke Street investee Focus Retail Group paid GBP68 million (ecu 97 million) cash to acquire Do It All […]

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HSBC PE Leads GBP70 Million Funding for CRP

20 years ago

CRP Group, the world’s leading manufacturer of marine flotation equipment for the offshore oil and gas industry, is poised for further growth following a GBP70 million (ecu 100 million) expansion funding led by HSBC Private Equity’s Manchester office. HSBC PE, which provided half the total funding from its own resources and via the HSBC Private […]

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International Syndicate Acquires Italy’s Bafin Group

20 years ago

Bafin Group, an Italian manufacturer of ventilators, electric transformers and power supply systems, will aim to list on the Milan exchange within the next three years following an $80 million (ecu 67 million) LBO backed by an international private equity consortium. GE Capital’s Equity Capital Group, ABN AMRO Corporate Investments and IMI provided L46 billion […]

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