Enterprise Ireland, the trade and technology body set up by the Irish government to establish VC funds, has released its investment figures for 2001. In the final year of the five-year programme, EURO28.5 million was invested in 51 companies. Software businesses, one of Ireland’s strongest sectors, accounted for 82 per cent of the funds invested. […]
Listed IT investment and advisory firm Interregnum is battling on with fund raising for its most recent offering. The fund raising was announced in summer 2000 with a target of GBP75 million and has yet to see a final close. The firm reported disappointing year-end results, posting a decrease of 12.5 per cent to GBP1.33 […]
Swedish turnaround specialist Segulah has realised its investment in Modul-System for an undisclosed sum. The company, which manufactures vehicle racking systems for service vans, has been sold to the industrial group, Carl Bennet. Modul-System will become an independent business area within Carl Bennett. Based in Mlndal, Sweden, the company has sales of SEK250 million, 80 […]
Grant Thornton has appointed Ian Paterson as partner within its transaction support team. Joining the firm from Arthur Andersen, Paterson’s new role will focus on mid-market transactions for private equity and corporate clients. Prior to Andersen Paterson spent 14 years with KPMG, initially in audit, but latterly in corporate recovery and corporate finance.
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 […]
Finnish buyout specialist CapMan has restructured its business activities to emphasise its pan-Nordic focus. The acquisition of Nordic Private Equity in Denmark in 2001 and Swedestart Management in Sweden in February 2002 was the catalyst for the firm’s consolidation of its activity within the Nordic markets. CEO Ari Tolppanen stresses the firm has always had […]
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 […]
Standard Life Investments has achieved a first close on its latest fund-of-funds offering, European Strategic Partners II (ESP II) at EURO639 million, exceeding its first close target of EURO600 million. Standard Life hopes to achieve a final close of EURO1 billion by the third quarter of 2003. In anticipation of an increased workload, the group […]
Scottish banks are set to take the helm of acquisition finance in the Spanish market. Traditionally dominated by French banks such as SocGen and BNP Paribas, the most recent entrant to the Spanish private equity market is Bank of Scotland, which recently celebrated the launch of its Madrid office. Bank of Scotland’s Spanish office, located […]
Questor Management has received EU clearance for its EURO460 million acquisition of Fiat’s aluminium business, Teksid. Along with JP Morgan Chase and Private Equity Partners, Questor has acquired the whole shareholding owned by Teksid in all legal entities and undertakings forming the aluminium business. Fabio Sattin, president of Private Equity Partners, the only Italian firm […]