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German-US Techno Venture Management strengthens healthcare expertise
30/04/2003. Techno Venture Management (TVM), the German-US venture capital firm, has appointed Peter Hoffmann-Fischer as senior advisor for corporate finance strategy in its life sciences team.
US Wellspring Capital Management closes $665m fund
30/04/2003. New York-based buy-out firm Wellspring Capital Management has announced the final closing of its latest fund, Wellspring Capital Partners Fund III, at $665m. More than 50 per cent of contributions came from investors who had participated in Wellspring's previous funds.
Deals Update: Disappointing week for global deal flow
30/04/2003. Global deal flow continued to slide in the latest week, with US transaction activity in particular dropping off sharply, according to data from AltAssets.
European BC Partners to buy Deutsche Bank's Cable TV business
30/04/2003. The European buy-out house BC Partners has beaten rival firms Apollo Advisors and Apax Partners in the final stages of bidding for Deutsche Bank's German cable TV business Telecolumbus. The private equity firm led a consortium including GMT Partners and Veronis Suhler to seal the E510m deal.
Latest Deals: 23-29 April 2003
30/04/2003. The AltAssets weekly round up of deals done across the world. This week there were 71 active investors in 31 deals and three exits across nine sectors, compared to 133 active investors in 47 deals and two exits the previous week…
Royal London Private Equity makes first closing on debut fund
30/04/2003. Royal London Private Equity has made a closing on its debut fund at £64m, including a £20m cornerstone investment from the firm's parent company, life insurer Royal London.
UK Cinven plans French hospital exit
29/04/2003. UK private equity firm Cinven is planning to sell its interest in Générale de Santé in a deal that could value the company at E800m including debt. Candover, Eurazeo, plus a handful of trade buyers are preparing bids for Cinven's stake in France's largest private hospital group.
World events hit US venture capital hard in 2003; investment slowest for five years
28/04/2003. Geopolitical uncertainty has hit the US venture capital industry hard in 2003 with quarterly investment levels dropping below $4bn for the first time in five years, according to the Ernst & Young/Venture One Venture Capital Survey.
Private equity firms move in on Scottish & Newcastle pub chain
28/04/2003. Private equity buyers are queuing up to bid for the pub and restaurant division of Scottish & Newcastle. The chain is made up of 1,450 pubs, restaurants and hotels and is valued in the region of £2bn.
Guy Hands makes final attempt to save Le Meridien deal
28/04/2003. Guy Hands is making a last ditch attempt to keep Le Meridien from the clutches of bankruptcy as private equity backers write off their investments en masse.
Swiss UBS Capital seeks E500m buyer for lawnmower business
28/04/2003. Swiss UBS Capital is looking to sell its lawnmower manufacturing business, Global Garden Products, for around E500m. Morgan Stanley has been appointed to advise on the sale.
Baring Private Equity Partners reports record year for exits
28/04/2003. Baring Private Equity Partners, the multi-regional investment specialist, has reported a record year for exits in 2002. The firm has defied gruelling market conditions by successfully executing 17 trade sale divestments with total returns of E181m.
UK Duke Street closes second CDO fund
25/04/2003. The debt fund management division of UK private equity firm Duke Street Capital has held a final close of Duchess II, the firm's second collateralised Debt Obligation (CDO) fund. The fund has raised E550m, less than the E1bn raised by its predecessor, Duchess I.
BA Capital targets European automotive industry
25/04/2003. BA Capital Partners Europe has become the latest private equity firm to target the European automotive industry with its acquisition of Enricau, a French specialist manufacturer of vehicle parts.
US Hamilton Lane hires new team following executive spin-out
25/04/2003. US-based private executive advisory firm Hamilton Lane has hired four new executives, including a head of research, after its previous research head and five other executives left to start up a new firm.
Buy-out firms compete for Deutsche Telekom's antennas unit
25/04/2003. Rival buy-out firms including Carlyle Group and Permira are competing for Deutsche Telekom's antennas unit with bids likely to be in excess of $2bn.
UK Bridges invests in healthcare start-up
25/04/2003. UK community development venture capital firm Bridges Community Ventures is investing an undisclosed sum in healthcare start-up Eyebright.
Wales Fund Managers launches new fund to address equity gap
24/04/2003. Wales fund Managers (WFM) is planning to launch a new fund, which will invest between £750,000 and £2m in growth businesses in Wales. The firm intends to raise between £15m and £20m.
Frederic Chauffier to head new Duke Street Paris office
24/04/2003. UK-based Duke Street Capital is to increase its commitment to the French private equity market with the opening of a Paris office. Frederic Chauffier will head the new team.
Henderson launches energy fund
24/04/2003. Henderson Private Capital, the private equity arm of AMP Henderson Global Investors, is planning an $800m utilities fund focusing on the Australian energy market. The fund's launch is dependent on a complex restructuring deal.
Nordic EQT buys cable TV business for E236m
24/04/2003. Nordic firm EQT Northern Europe, the private equity arm of Investor, has acquired TeliaSonera's cable television business for E236m. Telia was forced to sell Com Hem after the European Commission insisted on it as a condition of approval for Telia's merger with Sonera.
Austrian Lead Equities holds final close at E49m on debut fund
23/04/2003. Austrian Lead Equities I, the late-stage investor, has reached its final closing at E49m. The firm has exceeded its E40m target with the help of cornerstone investors Deutsche Asset Management and ACTIVEST.
Goldman Sachs Capital Partners acquires stake in US aircraft manufacturer
23/04/2003. US-based GS Capital Partners, the private equity arm of Goldman Sachs, has acquired a stake in aviation designer and manufacturer Adam Aircraft.
Latest Deals: 16-22 April 2003
23/04/2003. The AltAssets weekly round up of deals done across the world. This week there were 133 active investors in 47 deals and two exits across 13 sectors, compared to 122 active investors in 51 deals and two exits the previous week…
Deals update: European deal flow slows over Easter break
23/04/2003. Short working weeks and Easter holidays took their toll on European deal flow with the volume of private equity investments falling slightly from the previous week, according to AltAssets deals data.
US communications specialist Meritage Private Equity makes double hire
23/04/2003. Denver-based Meritage Private Equity Funds, which focuses on communications orientated investments, has announced the addition of two investment professionals, Kuldeep Ram and Derek Pilling, to its partner development program.
UK Barclays Private Equity continues spending spree with fourth deal in two weeks
23/04/2003. Barclays Private Equity, the mid-market buy-out arm of the UK bank, has sealed its fourth deal in two weeks with the E44m buy-out of software company, NCC Group. Barclays has acquired a 65 per cent stake in the business.
Latest figures show US private equity returns still suffering
23/04/2003. US private equity returns are still mired deeply in negative territory with little sign of a significant turnaround on the horizon. The latest figures from Venture Economics and the National Venture Capital Association showed the eighth consecutive quarter of sub-zero annual returns.
Private Equity firms move in on France-based Alstrom
23/04/2003. Four major private equity players have expressed an interest in acquiring the key transmission and distribution unit of debt-laden French engineer Alstrom. The leveraged-buy-out operations will also have to take on trade buyer RPT-General Electric for Alstom's most profitable operation.
BML launches E150m life sciences fund
23/04/2003. Bioscience Managers Limited, (BML), has announced the launch of its fund management business focused on the life sciences sector. The E150m debut fund will be managed by a six strong team and will invest in European mid-stage life science companies.
UK Coller Capital hires Erwin Roex as investment director
22/04/2003. Coller Capital, the UK-based global private equity secondaries firm, has recruited Erwin Roex from NIB Capital to become an investment director. Roex will assume responsibility for transaction origination and structuring.
Paris-based AXA completes E148m management buy-out of Tokheim International.
22/04/2003. Paris-based AXA Private Equity has completed the management buy-out of Tokheim International, the leading provider of service station equipment in Europe and Africa. The deal is worth in the region of E148m.
German WestLB ups bid but AWG remains resistant
22/04/2003. The private equity unit of German bank WestLB has increased its offer for UK water group AWG. The utilities company rebuffed an initial offer from WestLB in February but has now been asked to consider an increased bid.
Dutch NIB Capital to buy Getronics Human Resources Solutions for E315m
22/04/2003. NIB Capital Private Equity, the Dutch private equity manager funded by its two founding shareholders ABP and PGGM, two of the largest pension funds in the world, has reached an agreement to purchase Getronics HR Solutions, (GHRS) for E315m.
US Blackstone forms healthcare group
22/04/2003. New York-based Blackstone Group has hired three healthcare industry veterans to form Blackstone Healthcare Partners, which will be the focal point of Blackstone's pharmaceutical and medical products investments.
US Carlyle and Madison Dearborn team up to buy out Williams Energy Partners for $1.1bn.
22/04/2003. US-based Madison Dearborn Partners and Carlyle Group's Carlyle/Riverstone Energy and Power Fund II, have jointly acquired a 54.6 per cent stake in publicly traded energy investment subsidiary Williams Energy Partners in a buy-out worth $1.1bn.
3i and Veronis Suhler Stevenson target yellow pages business
17/04/2003. European private equity firm 3i group and New York-based Veronis Suhler Stevenson are in negotiations to acquire Herold Business Data, a yellow pages business jointly owned by Verizon Communications and Telekom Austria.
US Hamilton Lane professionals spin out to form new advisory firm
17/04/2003. Hamilton Lane principal Bradley Atkins and five fellow investment professionals have left to set up a new private equity advisory firm, Franklin Investment Advisors.
Nordic EQT defies barren exit market with second disposal of the year
17/04/2003. EQT Scandinavia, the mid-market buy-out firm, has made its second disposal of the year with the sale of Stenqvist, a retail packaging manufacturer, to European private equity firm Triton.
US Providence Equity Partners hires JP Morgan telecoms expert
17/04/2003. Providence Equity Partners has hired Julie Richardson as managing director. Richardson joins the firm from JP Morgan Chase where she was vice-chairman of the investment-banking department and chairman of its telecoms, media and technology group.
UK-based Nova Capital hires portfolio director
17/04/2003. UK-based Nova Capital Management, the private equity firm set up last year to take over the management of private equity and venture capital portfolios, has appointed former Texaco director Andrew Paszkowski to oversee the firm's debut portfolio.
UK-based Nova Capital hires portfolio director
17/04/2003. UK-based Nova Capital Management, the private equity firm set up last year to take over the management of private equity and venture capital portfolios, has appointed former Texaco director Andrew Paszkowski to oversee the firm's debut portfolio.
gamma capital partners holds initial close for Austrian tech VC fund
16/04/2003. Austrian gamma capital partners has announced an initial close of E10m for its technology venture fund gamma II. The fund, which was launched six months ago, will target high-tech companies in a variety of sectors including life sciences and electronics in Austria and in neighbouring countries.
UK-based Barclays Private Equity seals third deal in a week
16/04/2003. UK-based Barclays Private Equity has completed its third deal within a week with its investment in SP Metal, a French plastic packaging manufacturer.
Bain and Tenaska form $550m partnership to invest in US power generation assets
16/04/2003. Boston-based private equity firm Bain Capital has joined forces with Tenaska, an independent power company, to jointly sponsor a $550m partnership that will target power generation assets in North America.
Latest Deals: 08-15 April 2003
16/04/2003. The AltAssets weekly round up of deals done across the world. This week there were 122 active investors in 51 deals and two exits across ten sectors, compared to 109 active investors in 48 deals and one exit the previous week…
GRIC founder launches China-US private equity venture
15/04/2003. The founder and chairman of GRIC Communications Hong Chen has launched an advisory and private equity investment firm. The newly formed Hina Group will focus on cross-border M&A advisory services and private equity investments in communications and technology companies in China and the US.
London-based Coller Capital appoints head of newly formed New York office
15/04/2003. Coller capital, a global private equity secondaries player, has recruited Frank Morgan as head of its newly formed New York office. This is the first time the firm has had a dedicated staff presence in the US.
Italy sees record in buy-out activity in 2002 while early-stage declines
15/04/2003. Italian buy-out activity reached record levels in 2002 both by value and number of deals, while seed and early-stage investments witnessed a steep decline, according to figures just released by the Italian private equity association AIFI.
UK Bridges recruits Tim Lawrence as executive director
15/04/2003. UK Bridges Community Ventures, the community development venture capital firm, has appointed Tim Lawrence as executive director.
US Kodiak appoints entrepreneur-in-residence and principal
15/04/2003. Kodiak Venture Partners, the US-based early-stage venture capital firm, has recruited Subhash Roy as entrepreneur-in-residence and Beth Hoffman as principal.
Venture philanthropy comes to Britain
15/04/2003. UK venture capital is set to follow in the steps of the US with the launch of Impetus Trust, which will help medium-sized charities facing difficulties or seeking to expand.
UK Alchemy Partners gains 96 per cent approval for Riverdeep buy-out
14/04/2003. UK-based Alchemy Partners has gained shareholder approval for its $376m public to private buy-out of Irish educational software company, Riverdeep.
Credit Suisse scales back private equity operation
14/04/2003. Credit Suisse has cut five of its Swiss private equity firm's seven investment professionals and suspended any further investment becoming the latest bank to scale back from the private equity market.
Israeli Vitalife fund closes at $50m
14/04/2003. The Israeli life sciences firm, Vitalife Life Sciences Ventures, has held a $50m final close for its inaugural fund. The fund held a $30m first closing in April 2002 but has since received a significant commitment from US fund of funds manager HarbourVest Partners.
German BertelsmannSpringer cuts number of bidders to three
14/04/2003. German publisher BertelsmannSpringer has reduced the number of bidders for its science-publishing unit to three private equity-backed groups. Bertelsmann received seven initial offers valued at between E800m and E1.2bn.
US-based ABS Capital Partners recruits Cal Wheaton as principal
11/04/2003. US private equity firm ABS Capital Partners has recruited Cal Wheaton as principal. Wheaton will focus on East Coast healthcare investments.
Graphite Capital UK buy-out fund reaches £375m
11/04/2003. London-based Graphite Capital Management, the former private equity unit of Foreign & Colonial Management, has raised £375m for UK buy-out investments, exceeding its £300m target.
Cinven makes £204m bid for UK's Fitness First
11/04/2003. UK-based private equity firm Cinven has made a £204m bid for gym operator Fitness First. The gym network has become the latest health club operator to exit the stock market after it agreed a 175p per share management buy-out offer.
Italy's Opera to launch second fund
11/04/2003. Italy's Opera fund, the private equity unit of Italian luxury goods manufacturer Bulgari, is reportedly planning to raise a second fund targeting mid-market investment opportunities in the Italian luxury goods and services sector.
US One Equity Partners backs $1.7bn Quintiles buy-out
11/04/2003. US One Equity Partners has backed the $1.7bn management buy-out of biotech company Quintiles Transnational. The transaction will give Quintiles shareholders $14.50 per share compared with an $11.25 per share offer rejected in November 2002.
PE firms take on trade buyers for French PPR division
10/04/2003. Three private equity firms remain in the running for the building materials unit of French retailer Pinault-Printemps Redoute. The successful bid should be announced within the next week and is likely to be in excess of E550m.
GM chairman joins US Questor Management
10/04/2003. US turn around specialist Questor Management has appointed General motors chairman, John Smith, chairman to its advisory board. Smith will join the firm in May
US Accel slashes venture fund for the second time
09/04/2003. California-based venture capital firm Accel Partners has reduced the size of its Fund VIII for the second time. Accel plans to reduce the fund, which closed with commitments of $1.4bn in 2000, by an additional 29 per cent to $680m.
US-based Deutsche Bank's fund of funds business joins Deutsche Asset Management
09/04/2003. Deutsche Bank's fund of funds business has folded into Deutsche Asset management in a move designed to give its private banking clients access to private equity investments.
3i closes Irish office citing general economic slowdown
09/04/2003. Europe's largest private equity firm 3i is closing its Dublin office. ‘The reason is due to slower than expected development of the Irish private equity market, which has been impacted by the general economic slowdown,' the firm said in a statement.
Deals update: Private equity investment activity remains subdued
09/04/2003. Private equity investment activity on both sides of the Atlantic remained fairly subdued in the latest week, according to AltAssets deals data. There were 48 deals and one exit in the week ending 8 April, compared with 46 deals and eight exits in the preceding week.
LBO France launches new fund Hexagone
09/04/2003. LBO France has launched a new fund, Hexagone, which will target small buy-outs in France with an enterprise value of between E10m and E50m. The French private equity firm's existing investors have already committed to half of Hexagone's undisclosed target.
Barclays and Arca back Italy's Marr food distribution unit
09/04/2003. Barclays Private Equity and Arca Impresa have taken a 33 per cent stake in Marr, the food distribution unit of Italian food group Cremonini, for E100m. Marr plans to use the capital to fund acquisitions over the next three years.
CVC seals acquisition of Viterra Energy Services for E845m
09/04/2003. Pan-European buy-out firm CVC has sealed the acquisition of UK-based Viterra Energy Services, a heat and water sub-metering business, for E845m from Germany's E.ON.
UK Inflexion strengthens healthcare advisory team
09/04/2003. UK-based Inflexion Private Equity has strengthened its healthcare advisory team with the appointment of Tony Caplin to its advisory board. The mid-market private equity firm is bolstering its healthcare expertise in anticipation of growing investment opportunities stemming from the government's substantial planned increase in healthcare investment.
Latest Deals: 01 - 08 April 2003
09/04/2003. The AltAssets weekly round up of deals done across the world. This week there were 109 active investors in 48 deals and one exit across 14 sectors, compared to 115 active investors in 46 deals and eight exits the previous week…
French Activa Capital appoints Christophe Parier
08/04/2003. France-based Activa Capital has appointed Christophe Parier as an investment director.
US Carlyle Group backs E1.6bn buy-out of Italy's Fiat Avio
08/04/2003. US private equity giant The Carlyle Group has signed a letter of intent to acquire Fiat Avio, the aircraft engine-manufacturing unit of troubled Italian industrial giant Fiat. The deal will cover all of Fiat's aerospace and aeronautical activities and is valued at E1.6bn.
Spanish Nmas 1 exceeds target with E175m close on Iberian mid-market fund
08/04/2003. Nmas 1, the Madrid-based private equity firm, is reported to have raised E175m for its new mid-market buy-out fund, exceeding its original E150m target by 16 per cent.
UK's ICG announces profits rise on back of strong European mezzanine demand
08/04/2003. Intermediate Capital Group, the listed UK-based mezzanine specialist, has announced a 28 per cent increase in pre-tax profits for the year ended 31 January on the back of what it described as attractive conditions for its brand of subordinated debt.
Vivendi Universal picks US venture capitalist Global
07/04/2003. International media and communications company, Vivendi Universal, has selected US-based venture capital firm Global Asset Capital to take over the its private equity operation Viventures Partners as part of major financial restructuring
Banexi Capital seeks independence from French banking giant BNP Paribas
07/04/2003. Banexi Capital, the French mid-market private equity fund, is set to spin out of BNP Paribas as the bank continues to scale down its exposure to the asset class. The move follows independence of fellow captive fund PAI Management last year.
Private equity fundraising continues downward slide in first quarter of 2003
07/04/2003. Global private equity fundraising continued its precipitous slide in the first quarter of the year. A total of 21 funds held a final close with combined commitments of E7.2bn, compared with 38 funds closing on E14.7bn in the first quarter of 2002, according to new figures published by AltAssets.
Trade buyers take on private equity houses for Hays' logistics business
07/04/2003. Trade buyers have taken on several leading private equity houses in a bid to secure Hays' logistics business valued at between £200m and £300m.
Bulgarian government narrows search for private equity managers
07/04/2003. The Bulgarian government has short-listed seven private equity firms to manage its E100m partially state-sponsored investment fund.
UK Hutton Collins debut mezzanine fund may settle for lower target
04/04/2003. Hutton Collins, the UK-based mezzanine specialist, looks set to join the growing list of firms in the market settling for a lower closing total on its fund than the initial target.
French firm Initiative & Finance appoint two new partners to Paris office
04/04/2003. French private equity house Initiative & Finance has appointed two new partners to its Paris office. Thierry Boghossian previously acted as a partner at Euridi, the private equity arm of IDI. Jean-Bernard Meurisse joins the firm from the Paris office of Barclays Private Equity, where he was a director.
High-profile hires for US Battery Ventures and MDV
04/04/2003. US Battery Ventures and Mohr, Davidow Ventures have both made high-profile additions to their technology venture capital teams. Chris Hanson has joined Battery as chief operating partner and Sam Jadallah has been recruited to MDV as a general partner.
UK Barclays Private Equity backs £147m MBO of RSA healthcare unit.
04/04/2003. Mid-market UK private equity house, Barclays Private Equity, has backed the buy-out of the healthcare insurance and related assistance operations of Royal & Sun Alliance for £147m.
New BVCA survey finds confidence among UK private equity firms fragile
04/04/2003. Tough fundraising conditions have badly bruised confidence among UK private equity firms but many of them still expect to increase their investment activity over the next few months, according to a new quarterly survey of its members published today by the British Venture Capital Association (BVCA).
Second closing for Italian B&S Group exceeds E500m target in just seven months
04/04/2003. Italian B&S Private Equity Group has defied a tough fundraising climate by announcing a second close on its fourth fund just seven months after its launch and surpassing its initial E500m target. IPEF IV's hard cap of E550m means the firm expects to hold a final closing within the next couple of months.
High-profile hires for US Battery Ventures and MDV
04/04/2003. US Battery Ventures and Mohr, Davidow Ventures have both made high-profile additions to their technology venture capital teams. Chris Hanson has joined Battery as chief operating partner and Sam Jadallah has been recruited to MDV as a general partner.
UK CVC Capital Partners in talks to buy German metering service for E1bn
03/04/2003. UK private equity firm CVC Capital Partners is poised to buy German metering operation, Viterra Energy Services for up to E1bn.
Goldman Sachs plans more leveraged lending to build ties with private equity firms
03/04/2003. Goldman Sachs is planning to increase its leveraged lending activity in the hope of strengthening its ties with private equity firms and winning lucrative advisory deals further down the line.
US venture firms scale back investment in start-ups
03/04/2003. US venture capitalists are continuing to scale back their investments in start-up companies across the board. VentureWire figures for the first quarter of this year showed 329 financings worth a total of $3.4bn compared with 482 financings worth $4.9bn in the fourth quarter of 2002.
Rossotti and Lewis to join US private equity giants Carlyle Group
02/04/2003. US private equity firm The Carlyle Group has appointed Charles Rossotti and Duncan Lewis as senior advisors.
US Blackstone hires Lazard veteran Verey
02/04/2003. David Verey, the former chairman of Lazard, has been appointed as a European adviser to US private equity firm Blackstone eight months after his shock departure from Cazenove.
US biotech specialist MPM announces its largest exit to date with Idenix sale
02/04/2003. US biotech venture specialist MPM Capital has announced its largest portfolio exit to date with the sale of its interest in Idenix Pharmaceuticals to Novartis Pharma. Novartis will pay shareholders $255m for a controlling share of the company, rising to more than $600m if the firm's drug candidates meet a series of milestones
Deals Update: Investment activity steady but exits gather pace
02/04/2003. Private equity investment activity continued at its steady and unremarkable level in the latest week but there was a marked improvement in exit activity, according to the latest AltAssets deals data.
US Horsley Bridge Partners loses London head Fraser-Sampson
02/04/2003. US fund of funds giant Horsley Bridge Partners has parted company with the head of its London office, Guy Fraser Sampson.
Latest Deals: 26 March 2003 - 01 April 2003
02/04/2003. The AltAssets weekly round up of deals done across the world. This week there were 115 active investors in 46 deals and 8 exits across 11 sectors, compared to 112 active investors in 47 deals and no exits the previous week…
Swedish Euroventures and Nordico join forces to create new Nordic player
02/04/2003. Two of Sweden's leading mid-market private equity firms have unveiled an unusual plan to join forces in a bid to achieve greater mass and to enhance their competitiveness in the Nordic region.
University of California pension fund comes under pressure to publish returns data
02/04/2003. The University of California has become the latest US public pension fund to be sued for failing to make public details of its private equity returns.
US private equity giants take on European rivals for Italian investment opportunities
02/04/2003. Major US private equity firms are moving in on investment opportunities in Italy, competing fiercely with their European counterparts for the juiciest deals.
Pan European buy-out firm Permira targets E4.5bn with new mega-fund
02/04/2003. UK-based Pan-European buy-out firm Permira is targeting E4.5bn with its new fund. If successful, Permira III will surpass its E3.5bn predecessor and will create Europe's biggest ever leveraged buy-out fund.
UK mid-market buy-outs grow in Q1, partially offsetting fall in larger deals
01/04/2003. A jump in the number of mid-market buy-outs helped to partially offset a big fall in the value of larger deals in the first quarter, according to new figures from the Centre for Management Buy-Out Research.
US Alvarez & Marsal hire turnaround veteran Morelli
01/04/2003. US corporate restructuring and crisis company, Alvarez & Marsal, is expanding its European operations with the appointment of Vincenzo Morelli as managing director and co-head of a newly launched Global Equity Sponsor Group based in London.
Israeli VC funds raise net negative $128m in 2002, highlighting squeeze on funds
01/04/2003. The squeeze on Israeli venture capital funds is growing tighter and will seriously damage local technology companies looking for finance this year, according to new figures from IVC Research.
UK pension schemes warming to private equity but many still unconvinced
01/04/2003. Many UK pension schemes are taking private equity investment increasingly seriously, but a significant number remain unconvinced and are reluctant to take the risk, according to a survey by JP Morgan Fleming Asset Management.
Nordic venture firm Northzone recruits new partners
01/04/2003. Northzone ventures, Nordic specialists in early-stage technology investments, has recruited two new partners to its regional offices. The Danish office has been expanded with Gregers Kronborg and Par-Jorgen Parsson joining the Swedish team.
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