Firms and Funds

True Ventures, a venture firm based in San Francisco, has raised $77 million for its first fund, according to a regulatory filing. The firm expects to close on $100 million by the end of the year. The fund counts Paul Capital Partners, Sequoia Holdings and Park Street Capital among its 22 accredited investors. Founded by […]

Swiss alternative asset specialists Partners Group has raised €282m for its final close of Partners Group Global Mezzanine 2005, beating its €250m target. The fund will aim to invest 70% in mezzanine funds, with the remaining 30% focused on direct mezzanine tranches on private equity backed deals. Partners Group has already committed 55% of the […]

German mid-market buyout firm Deutsche Beteiligungs AG (DBAG) has made €98m following the IPO of portfolio company Bauer, a German building company, on the Frankfurt Stock Exchange. The initial share price for Bauer at IPO was €16.75 per share, towards the bottom of its €16.50 to €21.50 offer range, raising €135m and giving it a […]

ABN AMRO Capital is acquiring Amtico International, a manufacturer of high end flooring, from Electra Private Equity in a secondary buyout transaction. The sale of the £98.25m business is expected to complete in four weeks. As a result of the buyout, ABN AMRO Capital will acquire a 56% stake in Amtico. The company’s management team […]

Gilde Healthcare Partners, the Dutch venture firm, has held a first closing of Gilde Healthcare II (GHC II) on €85m, with a final closing on at least €125m anticipated later in the year. Banks invested 47% of the capital raised so far, with fund-of-funds investing 24%, pension funds 11%, 6% from biotech cross-over funds and […]

Robeco Private Equity and Rabobank Corporate Social Responsibility have closed the Robeco Sustainable Private Equity fund on target at US$200m. The fund has the mandate to commit to private equity fund investments and co-investments in the following industry sectors: energy, water, waste, food and health, and will be internationally diversified across all stages of private […]

Sovereign Capital Partners has realised its investment in specialist education provider SENAD Group through the sale of the business in a £130m (US$239.5m) deal to an unnamed corporate buyer. The transaction has generated an IRR of 110% and represents a return of 6x money. This is the first exit from the £120m Sovereign Capital Limited […]

Its fourth fund reaches a first closing of £5m

Doughty Hanson has sold its remaining 26.6% stake in RHM, the UK food group it floated in 2005, for £247m. The shares in the latest placing were priced at 266 pence per share, down from the 275 pence per share when they were listed on the London Stock Exchange in July 2005. The sale marks […]

HgCapital has sold Castlebeck, a UK provider of specialist healthcare and rehabilitation services for adults and adolescents with learning disabilities and challenging behaviour, to Castle Holdings Limited for £255m. The sale comes four years after HgCapital acquired the business from 3i, which saw it invest £20m of equity for an 85% stake. Since July 2002, […]