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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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Electra Scores Two Major Deals in Italy

20 years ago

Electra Fleming’s Italian associate B&S Electra completed two high-profile deals in late August. The group structured and led a $30 million (ecu 25 million) equity package for Media Partners, a leading international sports marketing and promotion group; the deal values the Media Partners business at $110 million. B&S Electra also led the acquisition of Guala […]

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CVC Portfolio Add-Ons

20 years ago

CVC Capital Partners, manager of Europe’s largest buyout fund, in September announced the acquisition of Smurfit Condat from Jefferson Smurfit, the private Irish group. The acquisition was effected through Cartiere del Garda, an Italian manufacturer of coated wood-free paper that CVC backed in a GBP140 million (ecu 200 million) MBO last summer. Condat, based in […]

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EQT Acquire Major Bakery Group

20 years ago

Following the September closing of EQT Scandinavia II (story, page 7), EQT Partners in October agreed to acquire 100% of Vaasan Baking from Finland’s Cultor Group in a transaction valued at around FMk 1 billion (ecu 167 million). The business is one of the leading bakery groups in the Nordic and Baltic areas, producing both […]

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Callahan Associates Forms Partnership with Canal +

20 years ago

A group of investors brought together by Callahan Associates International (CAI) in September agreed to purchase a 37% holding in Numericable, Canal +’s French cable TV operation via Exante, a vehicle formed for the purpose. The syndicate funding Exante comprises Capital Communications CDPQ, the communications investment subsidiary of Caisse de Depots et de Placement du […]

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Two Hicks Muse Deals Confirm Push into Europe

20 years ago

Leading US private equity group Hicks, Muse Tate & Furst, which this spring unveiled plans to open a London office, announced its first stand-alone acquisitions in the UK and Denmark. Hicks Muse in August agreed to acquire Glass’s Group, a specialist provider of information services, from Duke Street Capital for GBP126 million (ecu 179 million). […]

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