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SPEF Fund Will Groom IPO Candidates

21 years ago

SPEF, the merchant banking subsidiary of Groupe Banque Populaires, which has a 30% share of the French SME banking market, has launched a pre-IPO fund to capitalise on the leading market position and on SPEF’s close connections with Easdaq and specialist investment bank Quartz Capital Partners. The SPEF Pre-IPO European Fund held a first closing […]

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Amadeus Speeds To First Close

21 years ago

Amadeus Capital Partners has rounded up GBP20 million (ecu 30 million) from four major international investors in what must surely be one of the fastest closings yet seen for a first-time fund. Only a month elapsed between the issue of the memorandum and the first closing. Microsoft, which emerged as a cornerstone investor for Amadeus […]

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Deutsche Telekom Sets Up DM100 Million Venture Arm

21 years ago

In autumn 1997, Deutsche Telekom established a corporate venturing arm which will invest DM100 million (ecu 50 million) of its parent’s money in telematics enterprises over the next three years. T-Telematik Venture Holding (T-Venture) will devote some 60% of its resources to direct investments and 40% to investment in externally managed venture funds. This mixed […]

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Candover Cements French Joint Venture

21 years ago

UK buyout house Candover, which has taken a more cautious approach to expansion into Continental Europe than have many of its peers, has now established a foothold in France. The formation of Chevrillon Philippe Candover (CPC) formalises an existing collaborative relationship between Candover and Chevrillon Philippe, France’s largest independent asset management company. This relationship first […]

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NatWest Equity Partners Eyes LP Fund Market

21 years ago

NatWest Equity Partners (NWEP) is preparing its first external LP fund. Although a late entrant to the third-party vehicle market, the firm already manages funds for a number of major portfolio clients, including Rover Group and Shell, as well as the Gartmore funds, which came under NWEP management when its parent bank acquired Gartmore early […]

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Excel Launches $100 Million Fund for Iberia

21 years ago

Excel Partners began fund raising for Excel Capital Partners III in November. The group, newly independent after its founding partners bought out Rothschild’s interest in the management company in early 1997, is targeting $100-120 million (ecu 90-108 million) for later-stage investments in Spanish and Portuguese companies. The existing funds under Excel management, Excel Capital Partners […]

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ACT Launches IRGBP 75 Million Fund

21 years ago

ACT Venture Capital, Ireland’s largest and most successful private equity house, is preparing to launch an IRGBP 75 million (ecu 98.5 million) 1998 fund, and expects to hold an initial closing on ACT 98 during the first quarter. ACT VC, formed by Niall Carroll and other members of Allied Irish Bank’s venture capital team, raised […]

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Advent International Opens French Operation

21 years ago

France is the one major European market where Advent International had neither a wholly-owned office or a local affiliate. Now, in response to an increase in investment opportunities in France, the firm has opened a Paris office and recruited Eric Adjoubel to head its French operation. Massimo Prelz, managing director of Advent International’s Continental European […]

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Granville Enters Germany

21 years ago

The recent blossoming of the German private equity market over the last 18 months has prompted numerous UK groups to establish a direct presence there. Most of these groups are players at the larger end of the buyout market. By contrast, Granville Private Equity Managers, which has just announced the opening of Granville Private Equity […]

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HSBC Boosts Partnership Scheme to GBP700 Million

21 years ago

HSBC Private Equity has secured its membership of the “billion-dollar-plus” club of European private equity players following an enlarged allocation from its parent bank and a “significant” commitment from an unnamed major US corporate pension fund. The US pension’s commitment boosted the HSBC Private Equity Partnership Scheme, a co-investment pool initiated in 1994, to GBP700 […]

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Ecu 1 Billion Pours In To Sixth BC Partners Fund

21 years ago

Phenomenal sums continue to pour in to European buyout funds. BC Partners’ sixth and largest fund closed in October on ecu 1 billion. It took the group, which tends to keep a lower profile than some of its peers in the major buyouts market, less than six months to raise BC European Capital VI (BCEP […]

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SocGen Forms European Buyout Business

21 years ago

Societe Generale, which has established itself as a force to be reckoned with in the senior debt market in recent years, is now entering the European buyout market as an equity player, with aims to establish itself in the top rank of European buyout houses. The bank has made a global private equity allocation of […]

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European Investment Benchmarks Report Shows 18.6% IRR

21 years ago

Headline numbers from the first Investment Benchmarks Report: International Private Equity were announced at Venture Forum Europe ’97. The study, which was carried out jointly by Venture Economics and Bannock Consulting, with the full co-operation of the EVCA, shows an overall annual net IRR to investors of 18.6% on mature venture funds formed since 1980. […]

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Rome Was Not Built Or Sacked In A Day

21 years ago

The most popularly recognised features of Italian business in the UK press have deservedly been the contribution that Italian footballers have made to the quality of the game in the Premier League, Italy’s inability to defeat England in Rome, the Ferrari-Williams duel in Formula 1 and the improved quality and reliability of the new Alfa […]

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Apax Adds To.Healthcare Team

21 years ago

Following the closing of its $650 million Apax Europe III fund (EVCJ, October/November 1997, page 8), Apax Partners is strengthening its European biotechnology and healthcare investment team. Dr Stephen Thompson, an immunologist and molecular biologist from Cantab Pharmaceuticals, will join ApaxOs London office to work alongside Dr Hamish Hale, Dr Paul Haycock and Dr Jeremy […]

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Zylepsis Raises From Prelude and Sofipa

21 years ago

Prelude Trust led a o2.5 million (ecu 3.7 million) second funding round for Zylepsis, a young company applying its proprietary biotransformation technology to the discovery of natural ingredients for the food and personal care industries. Zylepsis’s biotransformation technology uses enzyme systems as catalysts for the conversion of raw materials into high-added-value natural or nature-identical products. […]

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Abingworth and GIMV Back Worm Genomics Group

21 years ago

Abingworth Management of the UK linked with GIMV of Belgium to make its first Continental European investment through its new $100 million fund, Abingworth Bioventures II. The two groups have provided $8.5 million (ecu 7.6 million) backing to Devgen, a Ghent-based drug development and genomics company. Devgen centres its research around the C. elegans worm, […]

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Gilde Leads Buyout of Lacquer Systems Group

21 years ago

Hickson International of the UK in October sold its Netherlands-based lacquer systems division, including a German subsidiary, Hickson Coatings Deutschland, to a Gilde-led buyout. The group has been renamed Doelfray and Macostan Coatings (D&M Coatings). The price paid for the company, which increased its turnover from DFl 45 million to DFl 50 million (ecu 22.5 […]

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