Featured Content

Advent Nears $200 Million For Central Europe Fund

20 years ago

Advent International was approaching a $200 million (ecu 182 million) close on its second Central and Eastern Europe Fund in June, said Nick Callinan, the group’s US-based managing director of emerging markets. The fund has closed on $125 million so far, holding an $82 million first close in December (EVCJ February/March 1998, page 3) and […]

Continue

Hibernia Tops Target For Maiden Fund

20 years ago

Hibernia Capital Partners, the independent Irish private equity house formed last year by Frank Reihill & Co and The Chart Group (EVCJ October/November 1997, page 12), closed its first private equity fund 22% over target on IRGBP 61 million (ecu 78 million) in April. The vehicle currently ranks as the largest private equity fund in […]

Continue

Excel Capital Partners Reaches First Close

20 years ago

Excel Partners has announced a first closing in excess of Pta 8 billion (ecu 47.8 million) for Excel Capital Partners III LP (ECP3). The fund, which will close on or before 31 December, will be capped at Pta 18 billion (ecu 107 million). BT Alex Brown (story, page 10) is placing the fund, and investors […]

Continue

Natexis Plans ’98 Offering In Venture and Mezzanine

20 years ago

Following a year of consolidation in 1997 after the merger of its parent banks, Financiere Natexis, the private equity arm of Groupe Natexis, plans to raise new venture and mezzanine vehicles during this year. The first, Natexis Ventech, aims to raise FFr 250 million to FFr 300 million (ecu 38 million-ecu 45 million) for investment […]

Continue

3i Beats UK Fund Target, Closes Its Euro Effort

20 years ago

3i’s two latest forays into the external fund-raising market have reached successful conclusions. The 3i Eurofund II closed in mid-May at its maximum level of ecu 650 million, while the UK Mid-Market Programme has exceeded its original GBP1 billion target, bringing in a total of GBP1.3 billion (ecu 1.9 billion) for UK deals in the […]

Continue

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 […]

Continue

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 […]

Continue

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 […]

Continue

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 […]

Continue

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 […]

Continue

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 […]

Continue

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 […]

Continue

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 […]

Continue

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 […]

Continue

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 […]

Continue

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. […]

Continue

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 […]

Continue

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 […]

Continue

Digital Edition

To read a digital copy of our latest magazine

click here

PE News Briefs