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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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Maiden Deal for Electra Fleming’s German Office

20 years ago

Electra Fleming invested DM43 million (ecu 22 million) to back the MBO of WAP-Reiningungssysteme (WAP) from Jungheinrich. This deal was the first completed by Electra Fleming’s German subsidiary, established last autumn following the acquisition of FBG (EVCJ October/November 1997, page 6). WAP specialises in the manufacture of high-pressure cleaning systems, including wet and dry cleaners, […]

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Huurre Is Fourth Nordic Deal for NWEP

20 years ago

NatWest Equity Partners led the FMk 200 million (ecu 33 million) March buyout of Huurre, a Finnish commercial refrigeration products group. The transaction, the UK private equity house’s fourth deal in the Nordic region and its first in Finland, was executed by NWEP’s London-based dedicated Nordic team. Huurre’s product range encompasses chilled cabinets for drinks […]

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CVC and AMP Fund Laughton Rainsford Add-On

20 years ago

In a classic LBU transaction CVC Capital Partners and AMP Asset Management Australia are providing further equity to support Laughton Rainsford’s GBP32.5 million (ecu 50 million) acquisition of Thomas Cork. The two groups jointly backed a GBP40 million MBI/MBO of Laughton Rainsfords last January. The management of Thomas Cork, which was itself the subject of […]

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Hygiene Diffusion Passes to Electra Fleming

20 years ago

The institutions which backed a 1993 buyout of Hygiene Diffusion, a leasing French manufacturer of adult incontinence products, have sold the company in a FFr 576 million (ecu 87 million) MBO led by Electra Fleming. Hygiene Diffusion, which turned over FFr 555 million in 1997, has a 28% share of the adult incontinence protection market […]

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Charterhouse’s French Club Kicks Off with SIA Buyout

20 years ago

Charterhouse SA led the buyout of SIA from its Swedish founder, Sonja Andersson, backing the deal alongside its new investor club for France (story, page 11). SIA is Europe’s largest wholesaler and distributor of “occasional” decorative items for the home, with a product range encompassing artificial flowers, table centres and decorations, Christmas decorations, ornaments, novelties […]

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Advent Int’l Backs Polish Slag Recycling Joint Venture

20 years ago

Advent International and its Polish affiliate, Copernicus Capital Management, led a $3.2 million (ecu 2.9 million) development capital funding for Slag Recycling, a scrap and slag recycling operation based near Krakow. Slag Recycling is a joint venture with Huta Sendzimira (HTS), Poland’s second-largest steel mill, which is currently being privatised. The private equity backers have […]

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CapMan Leads MBO of Leading Retailer Tiimari

20 years ago

Funds managed by CapMan Capital Management have taken an 85% stake in Tiimari, a leading Finnish retail chain, in a FMk 260 million (ecu 43 million) buyout from Rautakirja Oyj, a quoted Finnish group. The MBO team is headed by Kari Sulkanen, who founded Tiimari in 1975. Rautakirja bought the chain in 1990. Tiimari sells […]

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