Dutch mid-market firm Waterland Private Equity Investments has closed its fourth fund on its hard cap of €800m just three months after launch and twice the size of its previous offering. Waterland Private Equity Fund IV (WPEF IV) will target medium sized companies with revenues between €10m and €150m operating in Belgium, Germany, Luxembourg and […]
UK VC MTI has returned its investment in ApaTech, a UK specialist in bone graft technology, in a deal which sees company raise US$45m in a development capital round led by 3i and US investor HealthCor. MTI still retains a significant stake in the business, which it backed in April 2004, leading a £4.55m series […]
Canadian pension funds are looking beyond North America and focusing on Europe, Asia and other emerging markets
The Board of the $34 billion Pennsylvania State Employees’ Retirement System earlier this month approved $150 million in new commitments to distressed debt, technology and secondary funds. All investments will be funded from cash as part of the pension fund’s long-term investment plan. A €25 million ($40 million) slug will go to Avenue Europe Special […]
The $155 billion New York State Common Retirement Fund is in the final stages of its search for a manager of its private equity emerging manager program, according to Thomas DiNapoli, the state comptroller and sole trustee of the fund. “We are weeks away from making a choice, and the interviews are moving along. We […]
Adams Street Partners to scale up its co-investment activity with its second dedicated pool of capital Funds of funds manager and investment adviser Adams Street Partners plans to scale up its co-investment activity with its second dedicated pool of capital. The Chicago-based firm held a first close on $200 million at the end of the […]
The Teachers Retirement System of Illinois last month created a new allocation that will steer as much as $100 million per year to emerging managers of buyout, mezzanine and venture capital funds. The new allocation expands TRS Illinois’s emerging managers program, which previously directed $125 million annually to emerging firms specializing in public equity investing. […]
Baird Capital Partners Europe has completed the exit of ArmorGroup International by selling its remaining stake to G4S, a UK security, for 80 pence per share in cash, a total consideration of £44m. ArmorGroup, a London-headquartered provider of security services, was floated in 2004 in an IPO that saw Baird sell the bulk of the […]
Buyouts group Advent International has sold Polish insulation business Bolix to Berger Paints, one of India’s largest paint manufacturers, for US$38.6m. It is Advent’s first Central & Eastern European exit since June 2007 when it sold its stake in the Bulgarian Telecommunications Company (BTC) to AIG Capital Partners for €1.08bn. Advent closed its fourth fund […]
WirelessMatch, a VC funding network aimed at the wireless, mobile internet and mobile telecoms markets, has launched a partnership with angel investment network Invensco aimed at young companies in the space. The WM Investment Pool has chosen five companies for its members to invest in, with a minimum amount of £25,000. Within that pool, investors […]