Apax Partners has written off its investment in Bundesdruckerei, the security printing company that was previously owned by the German State. Apax Partners acquired the company for DM2 billion (EURO1.02 billion) after a fiercely-contested auction in November 2000. Authentos, the group of companies that Bundesdruckerei belongs to, has been restructured by the Landesbank of Hesse […]
Merlin Biosciences has reached a first close on its third fund, Merlin Biosciences Fund III at EURO93 million and has since received additional firm commitments bringing the total to date in excess of EURO125 million. The Merlin team began fund raising at the start of the year and anticipates a final close of EURO250 million […]
Finvest, Scandinavia’s only listed private equity fund-of-funds, is to acquire Sampo’s private equity interests and will rename the merged entity Amanda Capital. The new entity will have over EURO800 million private equity assets under management. Finvest will acquire around EURO19 million private equity investments from Sampo. There remains EURO6 million still to be drawn down […]
Health and life science sectors are showing signs of robust growth, according to Deloitte and Touche’s pan-European mediscience review. The report, titled Surviving Uncertainty, says venture capital backing for the sector remains strong with EURO565 million invested in 42 biotech companies in the first half of this year. Venture capital invested in the sector exceeded […]
Changes are underway at CDC Capital Partners, the government investment agency for developing countries. The agency is currently looking for someone to fill its top slot, which due to be vacated by Alan Gillespie in November. According to a spokesman CDC is considering both internal and external candidates for Gillespie’s role, after he first indicated […]
3i has sold its 51 per cent stake in Spanish vehicle transportation company Sintax Logistica for an undisclosed amount. Spanish construction company Dragados has acquired 70 per cent of the company and plans to acquire the remaining 30 per cent within a three-year time frame. 3i invested EURO2.34 million in the company in April 1997 […]
21 Invest has sold its remaining interest in Italian healthcare company Techosp and reduced its stake in listed reprographics company Servicepoint Solutions. The returns from the two investments were 56 per cent and 55.5 per cent, respectively. 21 Invest has made a number of disposals recently as it focuses on investing its first third party […]
Paris-based fund-of-funds manager Access Capital Partners has closed its second generation fund at EURO277 million. The fund was launched last year and held its first closing at EURO200 million. The fund is split into two compartments, EURO154 million will be invested in mid-market buyout funds and EURO123 million will be committed to technology focused venture […]
Changes are underway at CDC Capital Partners, the government investment agency for developing countries. The agency is currently looking for someone to fill its top slot, which due to be vacated by Alan Gillespie in November. According to a spokesman CDC is considering both internal and external candidates for Gillespie’s role, after he first indicated […]
3i has postponed its plans to issue GBP300 million of perpetual preferred securities due to unfavourable market conditions. The firm is concentrating on fund raising for its most recent mid-market offering, Euro Fund 4. 3i announced in May that it was to issue GBP300 million of preferred securities, which would have added to the firm’s […]