Austria

Private equity and venture capital news from Austria

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• AXA Private Equity opens Vienna office for access to Eastern Europe 22 Dec 2008. Source: AltAssets. AXA Private Equity, an AXA Investment Managers company, is opening a new office in Vienna, its eighth, adding to the existing offices in Paris, London, Frankfurt, New York, Milan, Singapore and Zurich. From Vienna, AXA Private Equity hopes to be in a better position to access opportunities in the Eastern European markets.

• Gamma Capital Partners hires cleantech expert Jürgen Wahl as venture partner 30 Oct 2008. Source: AltAssets. Austria-based technology venture capital firm Gamma Capital Partners has hired cleantech expert and entrepreneur Jürgen Wahl. Jürgen Wahl is currently the CEO of Wahl & Partner, a start-up consultancy.

• CVC to sell DCA Agedcare Group to BUPA for AUS$1.2bn 03 Oct 2007. Source: AltAssets. CVC Asia Pacific and CVC Capital Partners have agreed to sell its controlling interest in Australian and New Zealand healthcare business DCA Agedcare Group to BUPA, a UK health and care company. The transaction values the group at AUS$1.225bn.

• Syntaxis Mezzanine Fund I holds first closing 25 Jul 2007. Source: AltAssets. Syntaxis Capital, a young mezzanine firm with offices in Vienna and Warsaw, has held a first closing on its Central European fund, Syntaxis Mezzanine Fund I. Total commitments at the time of first closing amounted to just under half the fund's target size of €125m.

• Mid Europa, France Telecom/Orange to acquire Austrian mobile operator One 21 Jun 2007. Source: AltAssets. Mid Europa Partners and France Telecom have agreed to acquire 100 per cent of Austrian mobile operator One for an enterprise value of about €1.4bn. Following the transaction, Mid Europa will own a controlling stake in the company (65 per cent), with France Telecom owning the balance.

• German firm Deutsche Beteiligungs AG to acquire MCE 23 Jan 2007. Source: AltAssets. Deutsche Beteiligungs AG has agreed to acquire 75 per cent of the shares in Austria-based MCE, an industrial service provider, for an undisclosed amount.

• Swiss firms Zurmont and Madison to merge, launch new fund 30 Aug 2006. Source: AltAssets. Zurich-based private equity firms Zurmont Management and Madison Management are to be merged on 1 September 2006. The new firm, Zurmont Madison Management, intends to raise a CHF200m private equity fund (approximately €127m), which will focus on succession solutions and management buy-outs in Switzerland, Germany and Austria.

• Global Equity Partners and GCP sell ISP firm inode to Liberty Global for €94m 03 Jan 2006. Source: AltAssets. Within twelve months of their first investment in Austrian broadband ISP inode Telekom GmbH, venture capital investors GCP and Global Equity Partners have announced the sale of their shareholding in inode to UPC Austria, a subsidiary of Liberty Global Inc.

• 3i appoints Stephan Krümmer to lead German business as managing director 20 Jan 2005. Source: AltAssets. 3i Group has appointed Stephan Krümmer as managing director of its German business. He will also be responsible Switzerland and Austria. Based in Frankfurt, Krümmer will succeed Jane Crawford who will return to 3i in London after a period of handover.

• Austrian Go Equity announces two new hirings 12 Nov 2004. Source: AltAssets. Austrian private equity firm Go Equity has announced two new hirings to strengthen its team. Murli Bhamidapati joins as an investment director from GE Capital, while Ralf Fore joins as an investment executive from Swiss Life Private Equity Partners.

• Bridgepoint picks up Austrian car parts retailer and backs UK TV company buy-out 19 Oct 2004. Source: AltAssets. European buy-out firm Bridgepoint has bought Austria's largest car parts retailer in a secondary deal from German turnaround specialist Orlando, taking its total number of standalone acquisitions for the year to date up to five. It has also financed the purchase by its portfolio company All3Media of TV production business Company.

• Austrian gamma capital partners closes second fund 28 May 2004. Source: AltAssets. Austrian technology venture capital firm, gamma capital partners, has announced the final closing of its second fund with E17.5m. The firm now manages a total of E38m for investment in the ICT and life sciences industries.

• New German fund Argantis announces first close at E100m 02 Feb 2004. Source: AltAssets. New German middle-market private equity firm Argantis has announced a first close at E100m. Argantis will invest in midsize family-run companies and corporate spin-offs in Germany, Austria and Switzerland. Its debut fund is targeting E200m.

• Stephan Matter to head private equity marketing at Unigestion 20 Jan 2004. Source: AltAssets. Swiss Unigestion has recruited Stephen Matter as a director with responsibility for global private equity marketing. Matter joins the firm from T.Rowe Price where he served as head of sales for Germany and Austria.

• Global Life Science Ventures leads E30m investment in Austrian biotech firm 17 Jul 2003. Source: AltAssets. Europe-based Global Life Science Ventures has led the E30m financing of Intercell, an Austrian biotech firm developing therapies and vaccines against infectious diseases.

• Mezzanine Management holds final close for Central European fund on E115m 14 Jul 2003. Source: AltAssets. Mezzanine Management has held a final close for its pioneering Central European fund on E115m. Accession Mezzanine Management secured commitments from 13 institutional investors, with just over a third of the capital sourced from Austria.

• US Carlyle Group exits Andritz though IPO 25 Jun 2003. Source: AltAssets. US private equity firm Carlyle Group has exited its investment in the European advanced production systems company Andritz though a public offering to Austrian and other international institutional investors. The firm said the disposal, the second to date from its European fund, generated a return of twice its original E48m investment.

• Austrian private equity in bid to ‘catch up' with other EU markets 10 Jun 2003. Source: AltAssets. Austria has defied a difficult fundraising environment by showing a growth of nearly 30 per cent in the amount of capital raised by its private equity industry in 2002, according to statistics compiled by the Austrian Private Equity and Venture Capital Organisation (AVCO).

• Austrian Lead Equities holds final close at E49m on debut fund 23 Apr 2003. Source: AltAssets. 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.

• 3i and Veronis Suhler Stevenson target yellow pages business 17 Apr 2003. Source: AltAssets. 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.

• gamma capital partners holds initial close for Austrian tech VC fund 16 Apr 2003. Source: AltAssets. 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.

• Austria's Lead Equities holds first close on Central European venture fund 17 Jan 2003. Source: AltAssets. Austrian firm Lead Equities has announced a first close for its debut fund on E40m, its original target, adding to the flurry of fund closes this week.

• Austrian venture capital investment fell 18 per cent in 2001 17 Oct 2002. Source: AltAssets. Austrian venture capital investment was the lowest of all the countries in the European Union in 2001, according to figures released by WIFO, the Austrian Institute for Economic Research. The total invested fell by 18 per cent to just E157m in 2001.