in Garcia Baquero Spanish buyout specialist Mercapital has sold its stake in cheese manufacturer Garcia Baquero for an undisclosed sum. Management has acquired Mercapital’s 16.7 per cent stake, which it bought in 1996 for EURO9.62 million to help the company with its expansion plans. In 1999 the company was hoping to list on the Spanish […]
Cal-IT, held in London on October 21 & 22, saw 55 CEO’s and senior executives make their 15-minute pitches to interested delegates in two parallel sessions. The 15 minute pitches, while interesting, are not the primary means for assessing investment potential. This year the organisers allocated 15 meeting rooms, which were used to hold pre-arranged […]
MCH PRIVATE EQUITY TO RAISE EURO200M FOR SPANISH BUYOUTS EUROMEZZANINE 4 ON TRACK HBM’S SECOND FUND LAUNCHED GLSV II CLOSES ON EURO143M GOLDMAN SACHS CLOSES LATEST FOF AT $1.2BN QUESTER REOPENS VCT5 TALDE ON TRACK WITH FUND IV DEUTSCHE BETEILIGUNGS RAISES FOURTH FUND TVM REDUCES TECH FUND TARGET GO EQUITY CLOSES SHORT OF TARGET HARBOURVEST […]
MCH Private Equity is in the process of finalising details to start the fund raising process of its second fund, which has set a target of EURO200 million. French bank Natexis and Quilvest, a French financial holding company, both cornerstone investors in MCH’s first fund are also committing to the second. Their combined investment will […]
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 […]
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 […]
Investors in Swiss biotech company Cytos will benefit from its merger with publicly traded healthcare company Asklia. As a result of the merger, Cytos will apply to the Swiss stock exchange for registration and request to begin public trading on October 29. The transaction reflects the increasing creativity needed by venture capitalists to exit their […]
Short term US private equity performance continued to deteriorate in Q2 2002, according to research undertaken by Venture Economics and the National Venture Capital Association. For the period ending June 30, 2002 one year returns for all US private equity and venture capital funds were 16.5 per cent and 27 per cent, respectively, compared to […]
The French venture capital association, AFIC, has published investment figures for the first half of 2002 that show a 20 per cent increase in investment compared to the same period last year. Total investment increased from EURO1.2 billion in 2001 to EURO1.4 billion in the first six months of this year. There was also a […]
The private equity practice at Pinsent Curtis Biddle has hired Tom Leman as an associate from Travers Smith Braithwaite and experienced assistant Sarkis Zeronian joins from K Legal. The appointments, both in London, give the firm a dedicated national private equity team of 50 lawyers. Private equity houses ISIS Equity Partners and Permira have chosen […]