The US Russia Investment Fund (TUSRIF), managed by Delta Capital Management, has sold its stake in the troublesome Lomonosov Porcelain Plant to an individual shareholder after four years. The US private equity fund Kohlberg Kravis Roberts (KKR) has also reduced its holding in the Saint Petersburg-based company but remains the second largest shareholder. Galina Tsvetkova, […]
HBM Bioventures, the Swiss biotech investor, has launched its second fund. Silvano Cominelli, a partner at the firm, said HBM hopes to be half way towards the EURO200 million target by year-end with a final close anticipated in the first half of 2003. The fund will invest between a quarter and a third of its […]
French mezzanine specialist Euromezzanine is well on track with its fourth fund, Euromezzanine 4. Since its launch last May the fund has raised over EURO300 million and a final close on a target of EURO400 million is scheduled for the beginning of 2003. The fund’s two sponsors BNP Paribas and Natexis Banques Populaires are also […]
SG, the corporate and investment banking arm of Societe Generale, is developing its leveraged finance operations in Germany with the creation of a new team in Frankfurt. Claus Peter is joining to develop SG’s presence in Germany. He will be managing director of SG’s European leveraged finance group. Peter, previously managing director of European leveraged […]
Listed IT investment and advisory firm Interregnum has sold its holding in the ComputerWire Group to Datamonitor through receivers, Tenon recovery. Interregnum will receive an upfront cash payment of GBP500,000 and a future consideration of GBP700,000 million if ComputerWire meets certain expectations. Interregnum is selling its investment at only book value. The cash received from […]
Spanish venture veteran Talde is well on the way to closing its fourth fund. Launched earlier this year the EURO60 million fund looks set to close at the end of this year, or the beginning of next. While many funds are struggling to attract investor interest, Talde has over 25 years’ experience and a solid […]
The European Commission has approved the acquisition of US-based fast-food chain Burger King by US investors TPG Advisors III, The Goldman Sachs Group and Bain Capital Fund VII. The transaction will bring Burger King into the same group as Domino’s Pizza, but Burger King will continue to face competition from a wide range of rival […]
Alta Berkeley Venture Partners has appointed Pete Magowan, the former executive vice president of business development at ARM Holdings, as the group’s fifth partner. Tim Brown, a London-based partner, said Alta Berkeley was looking to build the core team with the addition of another partner, likely to have a similar industry background in software systems […]
Universities in the UK are spinning out more companies than ever before, according to a new survey carried out by the University Companies Association (UNICO) and Nottingham University Business School (NUBS). David Catton, chairman of UNICO, said the increase was largely due to the government’s drive to encourage universities to capitalise on their intellectual assets […]
Survival of the fittest is the name of the game in the ICT market. At the EVCA technology investment conference, held in Barcelona last month, the message was one of doom and gloom from ICT keynote speaker Rudi Lamprecht, group president of Siemens information and communication mobile group. “If we are looking at the entire […]