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Michael Brehm has joined Munich-based venture capital firm Target Partners as a venture partner.
Brehm (pictured), formerly a managing director of Berlin-based VZnet Netzwerke, will strengthen the venture capital firm’s focus on start-ups and consumer internet.
Brehm is also an active business angel, having invested in numerous companies since 2006.
“One of my roles at Target Partners will be to help bring out the strong potential of European Internet startups,” says Brehm. “I am really looking forward to working with Target Partners, one of Germany’s most renowned early-stage investors.”
From 2006 to 2008, Brehm was a managing partner with
UNX, a provider of trading technology solutions, has secured funding from Goldman Sachs and Vernon & Park Capital to develop its electronic trading products.
The firm has also appointed Thomas Kim as chief executive officer.
The new funding will support the enhancement of UNX’s broker-neutral electronic trading products and services, including its Catalyst portal and execution management system. It will also fuel development of the firm’s open technology platform, which allows for seamless integration between the buy side and sell side.
Kim, a veteran in electronic trading, most recently served as a managing director at Lehman Brothers and head
International legal practice Norton Rose Studio Legale has advised Gio’Style Lifestyle on the acquisition of Plastic Art’s Ordinett division, which specialises in the production, sale and distribution of PVC plastic containers.
Gio’Style is based in Bergamo, Italy, and produces plastic outdoor, travel and home products, as well as plastic products used by the medical and pharmaceutical sectors.
Private equity house Atlantis Capital Situations is the owner of Gio’Style.
The add-on acquisition was completed in the context of a reorganisation plan presented by Plastic Art under Italy’s Art. 67 of Italian Bankruptcy Law.
The Norton Rose team, based in Milan, was
Golub Capital has provided a senior debt facility to Breyers Yogurt, a portfolio company of Catterton Partners.
Breyers Yogurt is the largest independent yogurt company and one of the most widely recognised yogurt brands in the US.
Its products include Breyers Fruit-on-the-Bottom, Breyers Light, Breyers Disney and the recently launched Breyers Inspirations yogurts as well as YoCrunch.
The new facility provided by Golub will be used to support the company’s continued growth and market expansion.
"This is our second deal with Catterton Partners, and we are pleased to be working with them again on what we see as a unique
The British ex-Prime Minister Tony Blair says Sierra Leone is ready for substantial international investment.
Blair was speaking at the Sierra Leone Conference in London.
Following seven years of stability, steady growth and ongoing economic reforms, the country offers many opportunities to committed investors. Such investments are starting to come to the region.
Last week, CDC Group announced a private equity investment focused solely on Sierra Leone. This is the first private equity investment by a development finance institution since the end of the country’s civil war in 2002.
CDC will commit USD5m to Sierra Investment Fund, which is managed
I2BF, an international cleantech focused investment management group, has appointed David Waserstein as director of investments.
Waserstein joins I2BF from US-based private equity firm Hudson Clean Energy Partners. He was at Hudson from its inception and worked on the initial fund raise as well as several deals in wind, solar and biofuels.
Waserstein will take responsibility for I2BF’s current venture capital portfolio, as well as new investments and the structuring and raising of future VC funds.
I2BF’s team expansion is associated with its ambitious plans for launching two new funds to compliment its current offering: a second USD100m
Matrix Private Equity Partners, the small buyout specialist, has sold its investment in Pasta King, a provider of pasta-based quick service meal alternatives.
Pasta King has been sold to a management buy in team funded by NBGI Private Equity for GBP13m.
The GBP5.7m proceeds for Matrix VCT shareholders represent a return of 3.2 times money on the original investment of GBP1.8m and an IRR of 47 per cent for Matrix clients.
This is the second successful exit for Matrix in the last three months following the recent sale of Tottel Publishing to Bloomsbury Publishing for GBP10m, which represented a return
German-based Minimax and US-based Viking Group, both providers of fire protection and life safety systems, are combining their activities.
The transaction will create a company with over EUR1bn in sales and 6,000 employees.
The combined company will have a fully integrated business model with complementary product and service offerings capable of serving a wide variety of customers in various industries around the globe.
Minimax is renowned for its installation, service, and engineering capabilities and the complete range of fire protection systems, whereas Viking Group specialises in technology, production capabilities and a distribution network involving fire sprinklers and related products.
Klaus
Following several consecutive years in which private equity compensation had been on an upward trajectory, growth across all segments of the market has come to a halt with total compensation now trending down, according to a report by Glocap Search and Thomson Reuters.
The 2010 Private Equity Compensation Report, an in-depth analysis of 2009/10 compensation at US-based private equity funds, says much of the pullback in compensation can be attributed to a drop-off in fee income from slower deal activity and dramatically reduced fundraising.
This is an about-face from the past few years when record-setting fundraising and a steady flow
Thomson Reuters, a provider of integrated information-based solutions, has entered into a definitive agreement to acquire Sabrix, a provider of transaction tax management software applications and related services.
Both Thomson Reuters and Sabrix are based in the US.
Following the acquisition, Sabrix offerings, which cover rates and rules for 170 countries, will be integrated with Thomson Reuters’ existing local transaction tax software and services to form a total solution for corporate customers in the US, UK, and Europe.
Sabrix raised USD13m in 2006 from Trinity Ventures, Mohr Davidow Ventures, GKM Ventures and VSP Capital (formerly Venture Strategy Partners).
The transaction
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