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Wolf-Henning Scheider becomes CEO of Private Equity at Partners Group

Zug (Switz­er­land) — Part­ners Group, a leading global private markets firm, announ­ces the appoint­ment of Wolf-Henning Schei­der as Part­ner and Head of Private Equity. Mr. Schei­der will be based at the company’s head­quar­ters in Baar-Zug, Switz­er­land. Mr. Schei­der to replace David Layton, Part­ners Group’s Chief Execu­tive Offi­cer (“CEO”), as Head of Private Equity. Mr. Layton had retai­ned leaders­hip of the private equity divi­sion after being named co-CEO in 2018 and sole CEO in 2021.

Mr. Schei­der is curr­ently CEO and Chair­man of the Board of Manage­ment of the ZF Group, a global
Tech­no­logy company that manu­fac­tures systems for passen­ger cars, commer­cial vehi­cles and indus­trial tech­no­logy and gene­ra­tes sales of over 38 billion euros.
Previously, he served as CEO and Chair­man of the Manage­ment Board of the MAHLE Group. Mr. Schei­der began his career at Robert Bosch in 1987 and later became a member of the company’s Board of Management.

At Part­ners Group, Mr. Schei­der will focus speci­fi­cally on the firm’s control private equity port­fo­lio, which is focu­sed on four verti­cals: Goods & Products, Health & Life, Services and Tech­no­logy. This port­fo­lio inclu­des more than 100 compa­nies in 23 coun­tries and and employs more than 250,000 people as of March 31, 2022.

David Layton, Part­ner and CEO of Part­ners Group, says: “We are deligh­ted to welcome Wolf to Part­ners Group. While the term ‘private equity’ conju­res up a Wall Street image for some, our private equity approach today is about buil­ding busi­nes­ses — it’s about entre­pre­neu­rial leaders­hip, strategy,
opera­tio­nal excel­lence and culture. With more than three deca­des of senior manage­ment expe­ri­ence, Wolf is ideally posi­tio­ned to deepen the opera­tio­nal exper­tise that under­lies our trans­for­ma­tive invest­ment efforts.”

Wolf-Henning Schei­der, comments: “After a long career in indus­try leading compa­nies to success, I am deligh­ted to have the oppor­tu­nity to contri­bute my expe­ri­ence to Part­ners Group’s broad port­fo­lio. I look forward to working with the impres­sive private equity team to execute the firm’s stra­tegy of trans­for­ma­tive inves­ting. Part­ners Group’s empha­sis on entre­pre­neu­rial owners­hip as a driver of invest­ment perfor­mance means that Part­ners Group places a high value on opera­tio­nal experience.

With its unique opera­ting model and strong track record, Part­ners Group Part­ners Group has attrac­ted a number of top opera­tors to its invest­ment teams. The firm recently announ­ced the appoint­ment of Ben Breier as Part­ner and Head of the U.S. Private Equity Health & Life indus­try verti­cal. Prior to joining Part­ners Group, Mr. Breier had many years of expe­ri­ence in the health­care sector,
most recently as CEO of Kind­red Health­care, one of the largest provi­ders of health­care services in the United States.

Stef­fen Meis­ter, Execu­tive Chair­man of the Board, Part­ners Group, added: “At Part­ners Group, we believe that the public and private markets are swap­ping roles and that the private market will be the one respon­si­ble for the growth and sustaina­bi­lity of the real economy in the future. As the indus­try grows into this role, we can learn from success­ful indus­trial and tech­no­logy conglo­me­ra­tes that share the several charac­te­ris­tics with today’s private market compa­nies and their diver­si­fied asset port­fo­lios. The best compa­nies are charac­te­ri­zed by stra­te­gic rigor, indus­trial logic and opera­tio­nal value crea­tion — all criti­cal tools for buil­ding busi­nes­ses. For this reason, we selec­tively recruit expe­ri­en­ced employees from market-leading compa­nies into manage­ment posi­ti­ons within our invest­ment busi­ness. We welcome Wolf and Ben to Part­ners Group and look forward to working with them.”

About Part­ners Group

Part­ners Group is a leading global private markets firm. Since 1996, the firm has inves­ted over USD 170 billion in private equity, private real estate, private debt and private infra­st­ruc­ture on behalf of its clients around the world. Part­ners Group is a commit­ted, respon­si­ble inves­tor and stri­ves to
through active parti­ci­pa­tion in and deve­lo­p­ment of growing compa­nies, attractive
Real estate and important infra­st­ruc­ture. With over $127 billion in assets under manage­ment as of Decem­ber 31, 2021, Part­ners Group mana­ges a broad range of insti­tu­tio­nal inves­tors, sover­eign wealth funds sover­eign wealth funds, family offices and indi­vi­du­als around the world. The company employs more than 1,500
profes­sio­nals in 20 offices world­wide and has regio­nal head­quar­ters in Baar-Zug, Switzerland;
Denver, USA, and Sing­a­pore. The company has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). www.partnersgroup.com

YPOG: Andreas Rodin from POELLATH joins as Associated Partner

Berlin — Corpo­rate law firm YPOG is expan­ding its fund struc­tu­ring prac­tice in Berlin and has streng­t­he­ned its team with Poel­lath foun­ding part­ner Andreas Rodin. The lawyer with a docto­rate in law joins the firm as an Asso­cia­ted Part­ner. Beyond fund struc­tu­ring exper­tise, he is known for his wealth of expe­ri­ence in regu­la­tory and tax law.

At YPOG, Rodin will conti­nue his work focu­sed on the struc­tu­ring of private equity and venture capi­tal funds and will be invol­ved in the trai­ning and deve­lo­p­ment of junior lawyers.

“With Andreas Rodin joining YPOG as an Asso­cia­ted Part­ner, YPOG is speci­fi­cally streng­t­he­ning its exper­tise in the area of fund struc­tu­ring. Espe­cially our young colleagues will bene­fit from his exper­tise and wealth of expe­ri­ence” says YPOG part­ner Fabian Euhus.

“I am very much looking forward to the exci­ting task and unique oppor­tu­nity to help shape the funds prac­tice of this dyna­mi­cally growing law firm. Being part of a young and ambi­tious team at YPOG allows me to contri­bute my expe­ri­ence gained over many years and to accom­pany espe­cially the young colleagues on their way”, Andreas Rodin adds.

About Andreas Rodin

Andreas Rodin was a foun­ding part­ner of the renow­ned law firm Poel­lath+ in 1997, where he played a major role in buil­ding up the inter­na­tio­nally reco­gni­zed funds prac­tice. After leaving at the end of 2021, he briefly worked at Poel­lath spin-off Orbit. He was a board member of the German Private Equity and Venture Capi­tal Asso­cia­tion (BVK), where he was respon­si­ble for the legal and tax concerns of the German private equity sector. Since 2004, he has been consul­ted as an expert by the Finance Commit­tee of the German Bundes­tag on all legis­la­tive proce­du­res concer­ning private equity. Andreas Rodin is regu­larly named in leading and inde­pen­dent rankings as one of the most important experts for fund struc­tu­ring and tax advice in Germany.

About YPOG

YPOG is a specialty tax and busi­ness law firm prac­ti­cing in the core areas of Corpo­rate, Funds, Corpo­rate Liti­ga­tion, Tax, Tran­sac­tions, IP/IT, Notary Services, Banking + Finan­cial Services, FinTech + Block­chain, Family Busi­nes­ses and High Net Worth Individuals/Family Offices. The YPOG team advi­ses a wide variety of clients. These include emer­ging tech­no­logy compa­nies and family-run medium-sized enter­pri­ses as well as corpo­ra­ti­ons and private equity/venture capi­tal funds. YPOG is one of the leading addres­ses for venture capi­tal, private equity and fund struc­tu­ring in Germany. The firm and its part­ners are natio­nally and inter­na­tio­nally ranked by JUVE, Best Lawy­ers, Legal 500, Focus, and Cham­bers and Part­ners. Today, YPOG employs more than 100 expe­ri­en­ced lawy­ers, tax advi­sors, tax specia­lists and a notary in three offices in Berlin, Hamburg and Colo­gne. www.ypog.law .

From left to right: Andreas Bösenberg, Johannes Fleck, Jan Markus Drees and Maximilian Finkbeiner

NORD Holding launches new Euro 125 million small cap fund

Hano­ver / Frank­furt a. M. — The invest­ment company NORD Holding is laun­ching a small cap fund with a target volume of appro­xi­mately € 125 million. This is accom­pa­nied by the opening of a new office in Frank­furt am Main with a small cap team that has been well estab­lis­hed for many years. Equity invest­ments of up to € 25 million per invest­ment in medium-sized compa­nies in the DACH region with an EBITDA of up to € 5 million (majo­rity invest­ments and selec­tive mino­ri­ties) are to be made.

NORD Holding, with its more than 50-year history and success­ful track record in the mid cap segment, is expan­ding its acti­vi­ties in the German-spea­king small cap sector. The new small cap vehi­cle will be provi­ded with € 50 million by NORD Holding so that the first invest­ments can be made immedia­tely. The target volume of the new small cap fund is € 125 million, which will be provi­ded by NORD Holding’s exis­ting inves­tor network and new fund investors.

The stra­te­gic expan­sion of the NORD Holding acti­vi­ties is a conti­nua­tion of the success­ful growth course of the tradi­tio­nal company from Hano­ver. Most recently, NORD Holding was already one of the most active German medium-sized inves­tors in 2020 and 2021.

The value crea­tion approach for the stra­te­gic further deve­lo­p­ment of the port­fo­lio compa­nies and the focus on sectors and digi­tiz­a­tion will also be pursued by the small cap team in the future. Thus, the new port­fo­lio compa­nies bene­fit from the broad exper­tise of the entire NORD Holding organization.

For the new office in Frank­furt am Main a complete team around Jan Markus Drees could be won. In addi­tion to him, Maxi­mi­lian Fink­bei­ner, Johan­nes Fleck (photo) and Marga­rita Decker are also moving to NORD Holding. The team has a success­ful track record and many years of collaboration.

Andreas Bösen­berg (photo left), Mana­ging Direc­tor of NORD Holding, says: “Setting up a dedi­ca­ted small cap fund is the logi­cal deve­lo­p­ment of NORD Holding’s success­ful growth course. We are plea­sed to welcome our new colleagues.”

About NORD Holding

With a history of more than 50 years and assets under manage­ment of € 2.5 billion, NORD Holding is one of the leading private equity and asset manage­ment compa­nies in Germany (www.nordholding.de). The focus is on the busi­ness areas of direct invest­ments and fund investments.

The focus of the direct busi­ness is on the struc­tu­ring and finan­cing of corpo­rate succes­sion models, the acqui­si­tion of group divisions/subsidiaries and the expan­sion finan­cing of medium-sized compa­nies. In contrast to most other finan­cial inves­tors, who only manage time-limi­ted funds, NORD Holding acts as a so-called “ever­green fund” with no time limit and invests from its own balance sheet. The company is curr­ently invol­ved with more than 15 compa­nies in Germany and other German-spea­king countries.

The Fund Invest­ments busi­ness unit targets the micro and small cap segment of mid-market-orien­ted private equity funds in Europe. The focus here is on primary, secon­dary and co-invest­ments. NORD Holding focu­ses stron­gly on buyout mana­gers newly estab­lis­hed on the market, opera­tio­nal invest­ment stra­te­gies and also regu­larly acts as an anchor investor.

Dr. Volkmar Bruckner joins Clifford Chance

Clifford Chance grows private equity team in Munich

Munich — The inter­na­tio­nal law firm Clif­ford Chance streng­t­hens its German private equity team with the high-cali­ber part­ner addi­ti­ons of Dr. Volk­mar Bruck­ner (photo) and Dr. Mark Aschen­bren­ner as well as with the senior asso­ciate Dr. Samuel From­melt. All new hires will work out of Clif­ford Chance’s Munich office and will at the same time further streng­t­hen the German and inter­na­tio­nal tran­sac­tion team with their exper­tise and market experience.

As an expe­ri­en­ced private equity specia­list, Dr. Volk­mar Bruck­ner advi­ses inves­tors, manage­ment teams and compa­nies in complex regio­nal and inter­na­tio­nal large cap and mid cap as well as M&A tran­sac­tions, in parti­cu­lar lever­aged buy-outs, carve-outs and joint ventures.

Dr. Mark Aschen­bren­ner has estab­lis­hed hims­elf in the private equity scene thanks to his diverse expe­ri­ence from various high-profile acqui­si­ti­ons and is reco­gni­zed as one of the up-and-coming private equity part­ners of the new generation.

Dr. Samuel From­melt advi­ses private equity and finan­cial inves­tors on M&A tran­sac­tions. He has exten­sive expe­ri­ence advi­sing clients across sectors, prima­rily on invest­ments in unlis­ted compa­nies, public take­overs, co-invest­ments and secon­dary transactions.

Volk­mar Bruck­ner, Mark Aschen­bren­ner and Samuel From­melt join Clif­ford Chance from Kirk­land & Ellis in Munich. The exact date of the change has not yet been determined.

Dr. Peter Dieners, Mana­ging Part­ner of Clif­ford Chance in Germany: “For us, Munich and private equity advice belong toge­ther. Lawyer perso­na­li­ties such as Volk­mar Bruck­ner, Mark Aschen­bren­ner and Samuel From­melt are there­fore a perfect fit for us. With their excep­tio­nal market profile and at the same time great ambi­tion, they enrich us on our way to the top of the German market. With them, our important Munich presence will be ideally comple­men­ted and even more power­ful, even for very large projects and tran­sac­tions. We also want to grow further in the private equity area.”

Dr. Anselm Raddatz, Head of the Private Equity Group at Clif­ford Chance in Germany, said: “We are very plea­sed with the new addi­ti­ons. The great new team in Munich shar­pens our private equity profile locally and will make a great contri­bu­tion to provi­ding our clients with even more know-how and clout for the success­ful and safe realiz­a­tion of their invest­ments for their tran­sac­tions in Germany and Europe.”

Clif­ford Chance is growing stra­te­gi­cally at its offices in Düssel­dorf, Frank­furt and Munich. Parti­cu­larly in the strong Munich market, the firm is streng­t­he­ning its focus on broad-based and thus signi­fi­cantly more compre­hen­sive and effi­ci­ent tran­sac­tion and finan­cing advice for private equity houses and other finan­cial investors.

Clif­ford Chance’s global private equity prac­tice provi­des large teams in Europe, the Middle East, Asia Paci­fic and the US with market-leading exper­tise to advise finan­cial inves­tors and funds across the full spec­trum of their acti­vi­ties. Recently, the firm’s German teams have assis­ted clients in these high-profile tran­sac­tions, among others:

Medi­cal diagnostics and labo­ra­tory services provi­der Synlab and finan­cial inves­tors Cinven, OTPP and Novo Holdings on Synlab’s IPO on the Frank­furt Stock Exchange; Permira on the acqui­si­tion of leading Euro­pean CNS specialty pharma company Neurax­pharm from Apax; Triton on the acqui­si­tion of premium kitchen supplier SCHOCK from IK Invest­ment Partners.

About Clif­ford Chance

Clif­ford Chance, one of the world’s leading law firms, is present for its clients with around 3,400 legal advi­sors in all major busi­ness centers around the world. In Germany, Clif­ford Chance is repre­sen­ted by around 300 lawy­ers, audi­tors, tax advi­sors and soli­ci­tors in Düssel­dorf, Frank­furt am Main and Munich.

JP Pfander new partner of Proventis Partners in Zurich

Zurich — Proven­tis Part­ners, one of the largest inde­pen­dent M&A advi­sory firms in the DACH region, under­pins its success­ful growth course with anot­her key person­nel appoint­ment: Dr. Jan-Phil­ipp (JP) Pfan­der beco­mes a new part­ner in the Zurich office and will drive the stra­te­gic expan­sion of the tran­sac­tion busi­ness as well as the advi­sory services in the chemi­cal sector toge­ther with Dr. Uwe Nickel.

Prior to joining Proven­tis Part­ners, Jan-Phil­ipp Pfan­der was Mana­ging Direc­tor at Moelis & Company. He headed EMEA Chemi­cals and Mate­ri­als there. Until 2015, he was Mana­ging Direc­tor at J.P.Morgan and respon­si­ble for EMEA Chemi­cals. From 2001 to early 2007, he was head of the Euro­pean Chemi­cals sector at Lehman Brothers. Jan-Phil­ipp Pfan­der began his career at McKin­sey & Company.

In a career span­ning more than 30 years, Jan-Phil­ipp Pfan­der has advi­sed on a wide range of global and regio­nal M&A and capi­tal markets tran­sac­tions in chemi­cals and rela­ted sectors for stra­te­gists and finan­cial inves­tors. Among others, Jan-Phil­ipp Pfan­der has advi­sed Evonik, Symrise, Nouryon, Lonza, Marquardt & Bahls, Syngenta, Brenn­tag, ADNOC, Altana and Lanxess in the past.

At Proven­tis Part­ners, Jan-Phil­ipp Pfan­der will consist­ently expand the range of services for clients in the chemi­cal indus­try toge­ther with Uwe Nickel. He will contri­bute his many years of expe­ri­ence in M&A and corpo­rate finance as well as his proven exper­tise in the chemi­cal indus­try to the support of M&A proces­ses. He stands for the hands-on approach coupled with a long expe­ri­ence in invest­ment banking and stra­te­gic consulting.

“We are very appre­cia­tive to have such an expe­ri­en­ced chemi­cal expert as Jan-Phil­ipp Pfan­der join Proven­tis Part­ners as an M&A and indus­try specia­list. Jan-Phil­ipp brings to us a deep under­stan­ding of the needs of compa­nies in almost all sectors of the chemi­cal indus­try and knows how to trans­late the chal­len­ges of these indus­tries into oppor­tu­nities for our clients. His expe­ri­ence in invest­ment banking, his deal track record and last but not least his large network perfectly comple­ment Proven­tis’ exper­tise in the global chemi­cal indus­try. Thus, we gene­rate a unique selling propo­si­tion in the chemi­cal M&A advi­sory segment”, explai­ned Uwe Nickel, Mana­ging Part­ner of Proven­tis Part­ners Zurich.

“I am plea­sed to join Proven­tis Part­ners to further deve­lop the chemi­stry exper­tise toge­ther with Uwe Nickel and the exis­ting team. We are buil­ding on an excel­lent repu­ta­tion of the company as a respon­si­ble, stra­te­gic part­ner for medium-sized compa­nies.” “Deli­vering solu­tion-orien­ted, inno­va­tive and inde­pen­dent M&A and corpo­rate finance advice to stra­te­gists and finan­cial inves­tors — regio­nally active and globally connec­ted, is the goal,” says Jan-Phil­ipp Pfan­der. “The new role combi­nes my many years of expe­ri­ence in inter­na­tio­nal M&A and corpo­rate finance advi­sory with Proven­tis Part­ners’ exis­ting expe­ri­ence in mana­ging chemi­cal compa­nies, thus comple­men­ting each other ideally.”

“I expect a sustai­ned incre­ase in tran­sac­tion volu­mes in the sector over the next few years, due to the shift in supply chains, and the chan­ges in demand for chemi­cals and mate­ri­als that will accom­pany the “Green Revo­lu­tion”. My goal with Proven­tis Part­ners is to provide the ideal consul­ting services for our clients in this chal­len­ging environment.”

In the chemi­cal sector, Proven­tis Part­ners already has a long track record and is an active member of the global Merger Alli­ance. Thanks to Jan-Phil­ipp Pfander’s contri­bu­tion, Proven­tis Part­ners will conti­nue to expand the chemi­cal sector inter­na­tio­nally as a focus sector since 2020.

About Dr. Jan-Phil­ipp (JP) Pfander

Born in Frank­furt, he star­ted his career at McKin­sey & Company in Hamburg. After 10 years of top manage­ment consul­ting to chemi­cal and indus­trial compa­nies on stra­tegy, port­fo­lio manage­ment, M&A and perfor­mance opti­miz­a­tion, he joined Lehman Brother in London in 2001 in the M&A team and became Head of Chemi­cals Sector for Europe. At the begin­ning of 2007, he joined J.P.Morgan as Sector Head EMEA Chemi­cals. In mid-2015, Jan-Phil­ipp Pfan­der became Part­ner and Mana­ging Direc­tor at Moelis & Company with respon­si­bi­lity for Chemi­cals and Mate­ri­als in the EMEA region.

Dr. Jan-Phil­ipp (JP) Pfan­der studied micro­bio­logy at the Tech­ni­cal Univer­sity of Munich and holds a PhD in busi­ness admi­nis­tra­tion from the Univer­sity of Oldenburg.

About Proven­tis Partners

Proven­tis Part­ners is a part­ner-led M&A advi­sory firm whose clients include a majo­rity of mid-sized family busi­nes­ses, corpo­rate subsi­dia­ries and private equity funds. With more than 30 M&A advi­sors, Proven­tis Part­ners is one of the largest inde­pen­dent M&A consul­tancies in the German-spea­king region and looks back on 20 years of M&A expe­ri­ence and more than 300 comple­ted tran­sac­tions. The M&A advi­sors with offices in Zurich, Hamburg, Colo­gne and Munich are active in the sectors Indus­tri­als & Chemi­cals, Busi­ness Services, Consu­mer & Retail, TMT, Health­care and Energy & Sustaina­bi­lity. Exclu­sive members­hip in Mergers Alli­ance — an inter­na­tio­nal part­ners­hip of leading M&A specia­lists — enab­les Proven­tis Part­ners to assist clients in 30 coun­tries in key markets world­wide. Mergers Alli­ance members, with over 200 M&A profes­sio­nals, provide Proven­tis Part­ners, and thus its clients, with unique access to local markets in Europe, North America, Latin America, Asia and Africa. www.proventis.com

Joachim Braun, Silverfleet Capital

Silverfleet acquires ec4u and BULPROS

Frank­furt a. Main — ec4u and BULPROS join forces under the majo­rity parti­ci­pa­tion of Silver­fleet Capi­tal to offer their custo­mers a new genera­tion of digi­tal cloud expe­ri­ence services. Shear­man & Ster­ling advi­sed Silver­fleet Capi­tal on the finan­cing provi­ded by Ares for the acqui­si­tion of ec4u and BULPROS.

ec4u and BULPROS join forces to offer their custo­mers a new genera­tion of digi­tal cloud expe­ri­ence services. The joint plat­form will employ around 1,400 people at 25 sites in a total of eleven countries.

ec4u, head­quar­te­red in Karls­ruhe, and BULPROS, head­quar­te­red in Sofia, Bulga­ria, have already been working toge­ther as part­ners in the field of digi­tal cloud solu­ti­ons since 2018. The foun­ders and exis­ting manage­ment teams of both compa­nies will remain on board as share­hol­ders and will conti­nue to manage the merged company. The merger is subject to the custo­mary regu­la­tory approval.

ec4u was foun­ded in 2000 and specia­li­zes in the digi­tal trans­for­ma­tion of busi­ness-criti­cal proces­ses in the areas of marke­ting, sales, service and e‑commerce across the entire custo­mer lifecy­cle. The company offers its custo­mers consul­ting services, tech­ni­cal imple­men­ta­tion, and ongo­ing deve­lo­p­ment and opera­tion of CRM systems. ec4u has success­fully comple­ted a total of more than 800 trans­for­ma­tion projects, prima­rily in Germany, Austria and Switz­er­land. The company employs more than 400 experts at several Euro­pean locations.

BULPROS, foun­ded in 2010, is a provi­der of digi­tal trans­for­ma­tion services. This inclu­des digi­tal solu­ti­ons imple­men­ta­tion, cyber­se­cu­rity, cloud migra­tion and mana­ged services, and tech­no­logy services. BULPROS opera­tes world­wide and employs more than 1,000 people at 20 loca­ti­ons in Europe and North America. The company has been named as one of the fastest growing tech­no­logy compa­nies by leading indus­try analysts — inclu­ding Deloitte’s Tech­no­logy Fast 50 in CE report and the Finan­cial Times 100 Europe.

In addi­tion to their highly compe­ti­tive service port­fo­lios and the high level of exper­tise of their employees, the two compa­nies also have strong rela­ti­ons­hips with stra­te­gic tech­no­logy part­ners such as Sales­force, Micro­soft, SAP, Oracle, IBM, Cisco and Snowflake.

The invest­ment in ec4u and BULPROS builds on Silver­fleet Capital’s exten­sive expe­ri­ence with compa­nies in the tech­no­logy sector: Tech­no­lo­gi­cal change is a key macro trend under­pin­ning Silver­fleet Capital’s invest­ment approach. The private equity firm’s recent invest­ments include Trust­Quay, a provi­der of trust, corpo­rate and fund admi­nis­tra­tion services, and Collec­tia, a credit manage­ment services plat­form. Previous success­ful invest­ments in this area include Phase One, Ipes and TMF.

“ec4u and BULPROS are leaders in the market for cloud-based, digi­tal solu­ti­ons for enter­pri­ses. This is a market that is very attrac­tive and offers high growth poten­tial. We are plea­sed to be able to support them in the future to fully exploit this poten­tial,” comments Dr. Chris­tian Süss, Part­ner at Silver­fleet Capi­tal.

“Both ec4u and BULPROS have strong stra­te­gic part­ners­hips with the leading play­ers in the digi­tal plat­form space. We will support both compa­nies in explo­ring further coope­ra­tion and expan­sion oppor­tu­nities,” adds Joachim Braun (photo), Part­ner at Silver­fleet Capi­tal.

At Silver­fleet, Dr. Chris­tian Süss, Joachim Braun, Benja­min Hubner and Jenni­fer Regehr were respon­si­ble for the tran­sac­tion. The invest­ment company was advi­sed on the tran­sac­tion by Latham & Watkins (Corpo­rate & Tax Legal), Shear­man & Ster­ling (Finance Legal), Nauta­Du­tilh (Legal), PwC (Finan­cial), wdp (IT), Grant Thorn­ton (Tax), Kambou­rov (Legal), Noerr (Legal), Schön­herr (Legal), Bär & Karrer (Legal), Kear­ney (Commer­cial) and MD Advi­sors (Debt Advi­sory). Funding was provi­ded by Ares.

About Silver­fleet Capital
Silver­fleet Capi­tal is an inde­pen­dent pan-Euro­pean private equity firm that invests in middle-market compa­nies and is a long-stan­ding client of Shear­man & Sterling.

The Shear­man & Ster­ling team led by part­ner Winfried M. Carli inclu­ded asso­cia­tes Andreas Breu and Daniel Wagner (all Munich-Finance).

About Shear­man & Sterling
Shear­man & Ster­ling is an inter­na­tio­nal law firm with 25 offices in 13 coun­tries and appro­xi­mately 850 lawy­ers. In Germany, Shear­man & Ster­ling has offices in Frank­furt and Munich. The firm is one of the inter­na­tio­nal market leaders in advi­sing on complex cross-border tran­sac­tions. World­wide, Shear­man & Ster­ling prima­rily advi­ses inter­na­tio­nal corpo­ra­ti­ons and large natio­nal compa­nies, finan­cial insti­tu­ti­ons, and large mid-sized compa­nies. For more infor­ma­tion, visit www.shearman.com.

FGvW strengthens corporate practice in Frankfurt with Dr. Annette Bödeker

Frank­furt — The commer­cial law firm 
Fried­rich Graf von West­pha­len & Partner
(FGvW) is further expan­ding its office in Frank­furt am Main. With Dr. Annette Böde­ker, the firm gains a proven corporate/M&A expert and notary as a new part­ner. FGvW thus also streng­t­hens the notary’s office in Frank­furt, which since April 2020 has been 
Dr. Chris­toph Börskens
was newly established.

Dr. Annette Böde­ker will join the firm on March 1, 2021, from Arnold & Porter, where she was a part­ner in the firm’s sole German office and respon­si­ble for the firm’s corporate/M&A busi­ness. She star­ted her career at Henge­ler Muel­ler, then moved to Linkla­ters, where she was a part­ner in the corpo­rate depart­ment for several years. Dr. Böde­ker also has many years of expe­ri­ence in U.S. law firms, having been with Orrick in 2009 and Arnold & Porter Kaye Scho­ler since 2012. In addi­tion to the social consul­ting of large, inter­na­tio­nal compa­nies and banks, the focus of their acti­vi­ties is the support of compa­nies from the medium-sized busi­ness sector. As a part­ner of Arnold & Porter, Dr. Böde­ker also advi­sed on tran­sac­tions from the Arnold & Porter network, where she regu­larly worked closely with colleagues from London and the USA.

“Our Frank­furt am Main loca­tion has recei­ved a consi­derable boost in recent months — we are consist­ently conti­nuing along this path,” explains Mana­ging Partner 
Dr. Barbara Mayer
. “We are plea­sed that with Dr. Annette Böde­ker we are gaining anot­her renow­ned and profes­sio­nally excel­lent rein­for­ce­ment in the area of Corporate/M&A. After having expan­ded the Frank­furt office in recent years, espe­cially in real estate law, employ­ment law, IP and the notary’s office, we will now also conti­nue to grow in the tran­sac­tio­nal area,” adds Mana­ging Part­ner Annette Bödeker. 
Cars­ten Laschet
.

FGvW’s corpo­rate prac­tice has a strong presence nati­on­wide. In cross-office coope­ra­tion, FGvW has built up exper­tise in all matters of corpo­rate law — company forma­ti­ons, reor­ga­niz­a­tion of group struc­tures, prepa­ra­tion of share­hol­ders’ meetings and gene­ral meetings, corpo­rate finance issues. This also inclu­des advi­sing inves­tors on the acqui­si­tion of listed compa­nies, tradi­tio­nal M&A busi­ness and advi­sing on joint ventures in Germany and abroad.

“Fried­rich Graf von West­pha­len & Part­ner is a leading German law firm with an excel­lent repu­ta­tion and strong inter­na­tio­nal orien­ta­tion,” commen­ted Dr. Annette Böde­ker on her decision to join FGvW. “I already know long-stan­ding clients of FGvW from the phar­maceu­ti­cal and medi­cal tech­no­logy sectors as clients of Arnold & Porter. With FGvW’s Berlin office, the firm also has proven experts in tech­no­logy and venture capi­tal tran­sac­tions. FGvW is thus the ideal plat­form for my stron­gly inter­na­tio­nally orien­ted business.”

Norton Rose Fulbright strengthens private equity practice

Munich, — Global busi­ness law firm Norton Rose Fulbright is streng­t­he­ning its private equity team in Munich with Bernd Dreier as Coun­sel, effec­tive Janu­ary 18, 2021.

Bernd Dreier joins Norton Rose Fulbright from AIG Europe, where he was most recently Head of M&A DACH, respon­si­ble for the W&I insurance busi­ness for Germany, Austria and Switz­er­land. In addi­tion to his insurance law and S&I exper­tise, he brings many years of expe­ri­ence in M&A and private equity, where he worked for several years as a lawyer at Henge­ler Muel­ler and Allen & Overy and as Gene­ral Coun­sel at EMH Partners.

Dr. Stefan Feuerrie­gel, Head of Germany, comments: “We are plea­sed to have gained Bernd Dreier as a reco­gni­zed and expe­ri­en­ced colleague for our private equity prac­tice, espe­cially in the finan­cial insti­tu­ti­ons sector. In addi­tion, his expe­ri­ence in the insurance indus­try is an ideal match for the deve­lo­p­ment and expan­sion of our insurance prac­tice in Germany. With almost 10 part­ners and more than 10 coun­sel and asso­cia­tes working across the prac­tice groups Corpo­rate, Tax, Real Estate and Dispu­tes in the insurance area, we have an extre­mely power­ful team in the German market.”

Bernd Dreier added: “I am deligh­ted to be able to support the Norton Rose Fulbright team with my many years of exper­tise in the future and, toge­ther with my colleagues, to accom­pany the German private equity and insurance prac­tice on its way to the next stage of development.”

Bernd Dreier studied law at the Univer­sity of Passau and Macqua­rie Univer­sity, Sydney and holds a Master of Laws (LL.M.) from Colum­bia Law School in New York.

About Norton Rose Fulbright

Norton Rose Fulbright is a global busi­ness law firm. With more than 4,000 lawy­ers in over 50 offices world­wide in Europe, the United States, Canada, Latin America, Asia, Austra­lia, Africa and the Middle East, we advise leading natio­nal and inter­na­tio­nal companies.

We offer our clients compre­hen­sive advice in all major indus­tries. These include Finan­cial Insti­tu­ti­ons; Energy; Infra­st­ruc­ture, Mining and Commo­di­ties; Trans­por­ta­tion; Tech­no­logy and Inno­va­tion; and Life Scien­ces and Health­care. Our global Risk Advi­sory Group combi­nes this exten­sive indus­try expe­ri­ence with its exper­tise in legal, regu­la­tory, compli­ance and gover­nance matters. This enab­les us to provide our clients with prac­ti­cal solu­ti­ons to the legal and regu­la­tory risks they face.

The Swiss asso­cia­tion Norton Rose Fulbright helps to coor­di­nate the acti­vi­ties of Norton Rose Fulbright members, but does not provide legal advice to clients. Norton Rose Fulbright has offices in more than 50 cities world­wide, inclu­ding London, Hous­ton, New York, Toronto, Mexico City, Hong Kong, Sydney and Johan­nes­burg. nortonrosefulbright.com/legal-notices

Weil to grow by more than 5% in 2020 — Manuel-Peter Fringer becomes partner

Frank­furt a. M./ Munich — The German offices of the inter­na­tio­nal law firm Weil, Gotshal & Manges LLP have again recor­ded good growth > of 5 percent in the current fiscal year due to their good market posi­tion, espe­cially in the areas of rest­ruc­tu­ring and private equity. To reflect this once again very posi­tive deve­lo­p­ment, the following lawy­ers have been appoin­ted Coun­sel with effect from Janu­ary 1, 2021: Dr. Matthias Eiden (Rest­ruc­tu­ring, Frank­furt), Julian Schwa­ne­beck (Private Equity, Frank­furt), Florian Wessel (Private Equity, Munich).

In addi­tion, Manuel-Peter Frin­ger (photo) was also elec­ted part­ner of the firm effec­tive Janu­ary 1, 2021. Mr. Frin­ger is a part­ner in the private equity prac­tice in the firm’s Munich office and advi­ses on cross-border tran­sac­tions. Most recently, he advi­sed KKR and Noval­pina Capi­tal, among others, on various transactions.
“The elec­tion of Manuel-Peter Frin­ger as Part­ner, as well as the appoint­ment of three addi­tio­nal attor­neys in both of the firm’s German offices as Coun­sel, is a reflec­tion of the firm’s conti­nued success story and will allow us to conti­nue to capi­ta­lize on future growth poten­tial and further expand our market posi­tion,” said Prof. Dr. Gerhard Schmidt, Mana­ging Part­ner of the German offices.

Below is a list of some of the manda­tes that the firm has acted as legal coun­sel for this year, and which have contri­bu­ted signi­fi­cantly to its success:
* Exide Tech­no­lo­gies as part of a compre­hen­sive rest­ruc­tu­ring of the entire Group and a realign­ment of the Euro­pean group of compa­nies (Germany, France, Scan­di­na­via, Bene­lux, Spain, Portu­gal) and its subse­quent sale
* Advent Inter­na­tio­nal on the acqui­si­tion of a stake in Aareon AG
* Olym­pic Enter­tain­ment Group (share­hol­der Noval­pina Capi­tal) in the realign­ment of its online busi­ness activities.
* Inter­na­tio­nal inves­tor group in the bidding process for Avaloq
* Terreal when buying Creaton
* Santé Cie (port­fo­lio company of Ardian) on the acqui­si­tion of Aposan.

Michael Riemenschneider now with Athos Family Office of the Strüngmann Brothers

Munich — In the future, 45-year-old Michael Riemen­schnei­der will be part of the manage­ment team of the Strüng­mann family’s single family office Athos.

For half a year it was quiet around Michael Riemen­schnei­der, the former mana­ging direc­tor of Reimann Inves­tors, where he made nume­rous direct invest­ments. Then it became known that Riemen­schnei­der has been one of three mana­ging direc­tors since the begin­ning of July, along with Helmut Jeggle and Thomas Maier. Athos is the single family office of brothers Thomas and Andreas Strüng­mann, the foun­ders and former owners of Hexal.

The 45-year-old was previously Mana­ging Direc­tor of the Single Family Office of those members of the Reimann family of entre­pre­neurs who parted with their stake in the former family busi­ness at the end of the 1990s for more than 13 years. He had left the family office at the end of 2019. From 2000 to 2005, the indus­trial engi­neer with a docto­rate in busi­ness admi­nis­tra­tion was a stra­tegy consul­tant at the Boston Consul­ting Group.

Ambienta SGR renews Board of Directors nominates Carla Ferrari as President

Ambi­enta SGR renews its Board of Direc­tors and nomi­na­tes Carla Ferrari (photo) as Presi­dent. After twelve years as Chair­man of the Board of Direc­tors, Anto­nio Segni hands over the mandate to Carla Ferrari. Alfredo Alta­villa has also been appoin­ted to the Board as a non-execu­tive direc­tor Ambi­enta SGR SpA (“Ambi­enta”), Europe’s largest sustaina­bi­lity-focu­sed invest­ment company, appoints Carla Ferrari as Presi­dent of the Board of Directors.

Carla Ferrari holds senior posi­ti­ons in a number of Italian blue chip finan­cial insti­tu­ti­ons. Having previously served as a non-execu­tive direc­tor on Ambienta’s board from 2008 to 2012, Carla now takes over the role from Anto­nio Segni, who is leaving the board after twelve years of service. In addi­tion, Alfredo Alta­villa is appoin­ted to the Board as a non-execu­tive direc­tor. Alta­villa holds a number of key posi­ti­ons in leading Italian and inter­na­tio­nal indus­trial companies.

Nino Tron­chetti Provera, Mana­ging Part­ner and foun­der of Ambi­enta, stated: “I would like to thank the previous Board of Direc­tors for their excel­lent work. My special thanks go to Anto­nio Segni, who was Chair­man of the Board for twelve years and assu­med this role only a few months after Ambi­enta was foun­ded. At the same time, I welcome the return of Carla Ferrari and extend a warm welcome to Alfredo Alta­villa: I am sure that toge­ther we will achieve further important goals. I am very plea­sed to have a woman at the head of Ambienta’s Board of Direc­tors: this is the best start for the next three years, which will play a signi­fi­cant role for the company.”

About Ambi­enta
Ambi­enta is a sustaina­bi­lity-focu­sed asset mana­ger with AUM of appro­xi­mately €1.5 billion and a leader in apply­ing envi­ron­men­tal sustaina­bi­lity trends to invest­ments. Ambi­enta opera­tes from Milan, London and Dussel­dorf and focu­ses on invest­ments in private and public compa­nies driven by envi­ron­men­tal mega­trends. In the private equity markets, Ambi­enta mana­ges the largest pool of capi­tal for this stra­tegy in the world and has made thirty-eight invest­ments across Europe in the resource effi­ci­ency and envi­ron­men­tal sectors.

Goodwin advises Storm Ventures on Series C of €60 million for solarisBank

Frank­furt a.M. — The inter­na­tio­nal law firm Good­win has advi­sed Storm Ventures on a €60 million Series C finan­cing round for sola­ris­Bank.

The finan­cing round was led by HV Holtz­brinck Ventures; in addi­tion to Storm Ventures, Vulcan Capi­tal and Samsung Cata­lyst Fund parti­ci­pa­ted. The strength of the round is also reflec­ted in the fact that about half of the funding was raised from exis­ting inves­tors; these were led by yabeo and suppor­ted by BBVA, SBI Group, ABN AMRO Ventures, Global Brain, Hegus and Lakestar.

Storm Ventures is a Sili­con Valley-based venture capi­tal firm focu­sed on early-stage invest­ments in leading B2B compa­nies, inclu­ding Airespace (sold to Cisco), Blues­hift, Echo­Sign (sold to Adobe), Marketo (sold to Adobe), MobileI­ron, Sendoso, Splash­top and Workato. The company has also inves­ted in leading Euro­pean star­tups, inclu­ding Algo­lia, Digi­tal Shadows and Talkdesk.

Berlin-based sola­ris­Bank AG is the first banking-as-a-service plat­form with a full banking license that enab­les compa­nies to offer their own finan­cial products. APIs give part­ners access to the bank’s modu­lar services. Inclu­ding the current Series C finan­cing round, sola­ris­Bank has raised a total of more than 160 million euros in the past four years.

Advi­sors Storm Ventures: Good­win, Frank­furt a.M./Silicon Valley
Gregor Klenk, Photo (Private Equity, Frank­furt); Craig Schmitz (FinTech, Sili­con Valley/Los Ange­les; both Lead); Asso­ciate: Joana Pamu­kova (Private Equity, Frankfurt)

Bright Capital configures financing for SOPRONEM Greven

Frank­furt a.M. — McDer­mott Will & Emery advi­sed German mid-market finan­cier Bright Capi­tal on a credit faci­lity for SOPRONEM Greven GmbH, a port­fo­lio company of Quan­tum Capi­tal Part­ners.

With the help of highly auto­ma­ted and flexi­ble machi­nes, SOPRONEM Greven GmbH produ­ces a range of liquid deter­gents, care products and clea­ning agents specia­li­zing in private labels at its site in Greven and curr­ently employs more than 160 people. Throughout Europe, the company is one of the largest manu­fac­tu­rers of deter­gents and clea­ning agents.

McDer­mott regu­larly advi­ses Bright Capi­tal on finan­cings, most recently on a credit faci­lity to finance Beyond Capital’s acqui­si­tion of 19 opti­cal stores in Germany.

Advi­sors to Bright Capi­tal: McDer­mott Will & Emery, Frankfurt
Dr. Oliver Hahn­elt (photo), LL.M. (Lead), Dr. Niko­las Kout­sós (Coun­sel; both Financing)

AI: PXL Vision secures CHF 4.6 million seed funding

Zurich — ETH spin-off PXL Vision has deve­lo­ped an arti­fi­cial intel­li­gence-based soft­ware plat­form for the secure and auto­ma­ted veri­fi­ca­tion of iden­ti­ties. Now the company is recei­ving CHF 4.6 million in a seed finan­cing round to expand its tech­no­logy and grow inter­na­tio­nally. The finan­cing round was led by SIX Fintech Ventures, with other inves­tors inclu­ding ZKB, High-Tech Grün­der­fonds, Arab Bank and expe­ri­en­ced busi­ness angels Beat Schil­lig and David Studer.

Every year, billi­ons of perso­nal data records are stolen and often used for frau­du­lent purpo­ses. Trust in digi­tal inter­ac­tions is there­fore central, and more and more compa­nies are moving to iden­tify their custo­mers beyond doubt. To do this, they need digi­tal solu­ti­ons that are secure, cost-effec­tive, easy to manage, and comply with regu­la­tory requirements.

Flexi­ble iden­tity veri­fi­ca­tion in real time
PXL Vision has deve­lo­ped a digi­tal KYC veri­fi­ca­tion plat­form that is parti­cu­larly modu­lar compa­red to the compe­ti­tion and can there­fore be used very flexi­bly by busi­ness custo­mers. The plat­form uses Arti­fi­cial Intel­li­gence to authen­ti­cate an iden­tity docu­ment via the smart­phone camera with mini­mal user inter­ac­tion and verify the user’s iden­tity via a liveness check and facial match with a video selfie. In addi­tion to Swis­sID, the leading Swiss iden­tity provi­der, major compa­nies such as Sunrise, Salt, UPC and ZKB also rely on PXL Vision’s technology.

There are many areas of appli­ca­tion for these compa­nies: From taking out a cell phone subscrip­tion online, regard­less of loca­tion, to opening bank accounts elec­tro­ni­cally in just a few minu­tes, such as with ZKB’s Frankly app for saving for retirement.

Growth finan­cing completed
Since its foun­da­tion three years ago, PXL Vision has estab­lis­hed itself in the Swiss market. The team size has grown from four to over forty members and important entre­pre­neu­rial awards such as the Swiss Econo­mic Award 2019, the W.A. De Vigier Award 2019 and the Swiss­com Startup Chal­lenge Award 2019 have been won. The company also success­fully comple­ted both the SAP.iO and F10 Fintech Incu­ba­tor & Acce­le­ra­tor programs.

“Having proven that we can compete against large and estab­lis­hed play­ers in a very compe­ti­tive market, it is now time to expand beyond the country’s borders,” said PXL Vision CEO Michael Born (photo: 2nd from left), who foun­ded the company in 2017 toge­ther with Nevena Shamoska (photo: 1st from left), Roxana Porada (photo: 4th from left), Lucas Sommer and Karim Nemr (photo: 3rd from left). The inter­di­sci­pli­nary and expe­ri­en­ced manage­ment team had already worked toge­ther for several years at Dacuda AG and had success­fully sold Dacuda assets to Florida-based Magic Leap before foun­ding PXL Vision in March 2017.

Andreas Iten, Head of SIX Fintech Ventures, who will support PXL Vision as a board member in the upco­m­ing growth phase.

Access to growth capi­tal will enable PXL Vision to further expand its product port­fo­lio and enter new markets and indus­tries. The funding is expec­ted to move PXL Vision forward quickly. “We are inves­ting prima­rily in the intel­li­gence and scala­bi­lity of our tech­no­logy, as well as in buil­ding the busi­ness inter­na­tio­nally. We will substan­ti­ally expand the sales, marke­ting and deve­lo­p­ment teams to further drive growth,” said Karim Nemr, PXL Vision’s chief busi­ness officer.

About PXL Vision
PXL Vision AG is a Swiss high-tech spin-off of the Swiss Federal Insti­tute of Tech­no­logy (ETH). PXL Vision provi­des leading solu­ti­ons for auto­ma­ting and impro­ving iden­tity veri­fi­ca­tion and custo­mer onboar­ding through auto­ma­ted soft­ware solu­ti­ons based on the latest deve­lo­p­ments in compu­ter vision and machine lear­ning. PXL is head­quar­te­red in Zurich, Switz­er­land, and has R&D centers in Novi Sad, Serbia, and Yere­van, Armenia.

About High-Tech Gründerfonds
The seed inves­tor High-Tech Grün­der­fonds (HTGF) finan­ces tech­no­logy start-ups with growth poten­tial. With a volume of around EUR 900 million spread across three funds and an inter­na­tio­nal part­ner network, HTGF has suppor­ted almost 600 start-ups since 2005. His team of expe­ri­en­ced invest­ment mana­gers and start-up experts supports the young compa­nies with know-how, entre­pre­neu­rial spirit and passion. The focus is on high-tech start-ups from the fields of digi­tal busi­ness models, indus­trial tech, life scien­ces, chemi­stry and rela­ted busi­ness areas.

More than EUR 2.4 billion in capi­tal has been inves­ted in the HTGF port­fo­lio by exter­nal inves­tors in more than 1,500 follow-on finan­cing rounds to date. In addi­tion, the fund has already success­fully sold shares in more than 100 compa­nies. Inves­tors in the public-private part­ners­hip include the German Federal Minis­try for Econo­mic Affairs and Energy, KfW Capi­tal, the Fraun­ho­fer-Gesell­schaft and the 32 companies.

P+P advises Forestay Capital on Series C financing in Zenjob

Digi­tal employ­ment service provi­der Zenjob has success­fully closed a €27 million ($30 million) Series C funding round. The lead inves­tor is Fore­stay Capi­tal, an affi­liate of Ernesto Bertarelli’s (photo) family office Waypo­int Capi­tal. Other inves­tors include exis­ting inves­tors Redal­pine, Acton Capi­tal, AXA Venture Part­ners and Atlan­tic Labs.

Zenjob uses an app to place student assi­stants with large and medium-sized compa­nies in the logistics, retail and office sectors. New custo­mers are intro­du­ced digi­tally to all proces­ses and can then request staff via an online booking portal. In this way, compa­nies can quickly and flexi­bly find temporary staff to respond to short-term person­nel requi­re­ments or seaso­nal fluc­tua­tions. Job candi­date matching also allows students to find a job in their area on the same day. By its own account, Zenjob reaches 15,000 students every day via the app. Curr­ently, the Berlin-based company is already repre­sen­ted in 14 cities.

Zenjob enab­les its custo­mers to achieve high effi­ci­ency gains and takes care of the entire process for temporary staf­fing, from recrui­t­ing to invoi­cing. Algo­rithms will also help to predict person­nel demand even better.

P+P Pöllath + Part­ners advi­sed Fore­stay Capi­tal, a fund belon­ging to Waypo­int Capi­tal Group, on the finan­cing round with the following team:

Chris­tian Tönies, LL.M. Eur.(Part­ner, Lead Part­ner, M&A/Venture Capi­tal, Munich/Berlin), Dr. Sebas­tian Gerlin­ger, LL.M. (Coun­sel, M&A/Venture Capi­tal, Munich/Berlin), Adal­bert Makos (Coun­sel, M&A/Venture Capi­tal, Munich), Andreas Kühnert (Senior Asso­ciate, M&A/Venture Capi­tal, Munich), Markus Döll­ner (Asso­ciate, M&A/Venture Capi­tal, Munich)

Stefan Kaltenbacher takes over as Head of Healthcare from Bryan, Garnier & Co.

Paris/Munich — Stefan Kalten­ba­cher (56), photo, will head Bryan, Garnier and Co. ’s German-spea­king invest­ment banking acti­vi­ties in the life scien­ces sector (DACH region) from May 1, 2020. The new Mana­ging Direc­tor has exten­sive gene­ral manage­ment expe­ri­ence in the phar­maceu­ti­cal and medi­cal tech­no­logy indus­try as well as in private equity: Among other things, he was respon­si­ble for the Nort­hern and Central Euro­pean busi­ness of the medi­cal tech­no­logy company Care­Fu­sion (now part of Becton Dick­in­son), led the medi­cal device sector of John­son & John­son in Germany and Austria, and was a member of John­son & Johnson’s Stra­tegy Team Europe. Prior to that, he worked in Paris and London as direc­tor for the inter­na­tio­nal diagnostics divi­sion of Bayer AG. Most recently, as Mana­ging Direc­tor of an owner-mana­ged, inde­pen­dent M&A consul­tancy, he advi­sed a large number of growth compa­nies and estab­lis­hed compa­nies in the German-spea­king region and was Senior Advi­sor to Deut­sche Betei­li­gungs­ge­sell­schaft, Frank­furt, on its enga­ge­ments in the life scien­ces sector.

“Parti­cu­larly in the life scien­ces sector, indus­try expe­ri­ence is abso­lutely essen­tial and we are deligh­ted to have gained such an expe­ri­en­ced indus­try expert for our German team,” empha­si­zes Falk Müller-Veerse, who as Part­ner is respon­si­ble for Bryan, Garnier & Co.’s busi­ness in the DACH region.

The health­care indus­try is a central focus of the invest­ment bank for tech­no­logy compa­nies, which was foun­ded in Paris and London in 1996: Bryan, Garnier & Co. was invol­ved in the success­ful Nasdaq IPO of biotech company Bion­Tech, accom­pa­nied medi­cal tech­no­logy company Medar­tis to the Swiss stock exchange, and orches­tra­ted a number of private finan­cing rounds of life scien­ces start-ups with global inves­tors, among others.

About Bryan, Garnier & Co
Bryan, Garnier & Co, foun­ded in 1996 in Paris and London, is an invest­ment bank focu­sed on Euro­pean growth compa­nies with a presence in London, Paris, Munich, Stock­holm, Oslo, Reykja­vík, New York, Palo Alto and Shang­hai. As an inde­pen­dent full-service invest­ment bank, it offers compre­hen­sive finan­cing advice and support along the entire life cycle of its clients — from initial finan­cing rounds to a poten­tial sale or IPO with subse­quent follow-up finan­cing. The range of services inclu­des equity analy­sis, equity sales and trading, private and public capi­tal raising, and M&A advi­sory for growth compa­nies and their inves­tors. The focus is on the growth sectors of tech­no­logy, health­care, bran­ded and consu­mer goods, and busi­ness services. Bryan Garnier is a regis­tered broker and licen­sed with the FCA in Europe and FINRA in the US.

BÖAG Börsen AG acquires majority stake in ICF BANK

Hamburg — BÖAG Börsen AG acqui­res the majo­rity of shares in ICF BANK AG from the company’s foun­ders. As part of the tran­sac­tion, BÖAG Börsen AG (photo: Hamburg Stock Exchange), the spon­so­ring company of the stock exch­an­ges in Düssel­dorf, Hamburg and Hano­ver, also secu­red an option on further shares. With the acqui­si­tion of the majo­rity of shares, BÖAG Börsen AG streng­t­hens its posi­tion and sets the course for further joint inno­va­tive growth. The tran­sac­tion is still subject to appro­val by boards and the rele­vant regu­la­tory authorities.

The current stra­te­gic part­ners­hip between BÖAG Börsen AG and ICF BANK AG is based on years of success­ful coope­ra­tion. Since 2017, ICF BANK AG has acted as a market maker in Quotrix, the elec­tro­nic trading system of the Düssel­dorf Stock Exchange. Since the begin­ning of 2020, she has been respon­si­ble for trading in equi­ties, bonds, invest­ment funds as well as ETPs on the Düssel­dorf Stock Exchange as an order book mana­ger. The posi­tio­ning in the “Capi­tal Markets” and “Broke­rage Services” busi­ness areas opens up addi­tio­nal sources of growth and earnings along­side the origi­nal secu­ri­ties trading business.

BÖAG Börsen AG is the owner of the broker-suppor­ted stock exch­an­ges in Düssel­dorf, Hamburg and Hano­ver as well as the elec­tro­nic trading plat­forms Quotrix and LS Exchange. Toge­ther, the three exch­an­ges, inclu­ding their trading plat­forms, have more than 50,000 listings of secu­ri­ties (equi­ties, open-end funds/ETFs, bonds, parti­ci­pa­tion certi­fi­ca­tes and certificates/ETCs). Trading parti­ci­pants include domestic credit insti­tu­ti­ons and finan­cial services companies.

ICF BANK AG is a secu­ri­ties trading bank with around 65 employees head­quar­te­red in Frank­furt. With its IT subsi­dia­ries ICF SYSTEMS AG and Novis Soft­ware GmbH, it is one of the leading service and solu­tion provi­ders for all aspects of secu­ri­ties trading in Germany.

Advi­sors to BÖAG Börsen AG: Heuking Kühn Lüer Wojtek
Dr. Michael Dröge, Dr. Jörg Schewe(both M&A/Corporate), both lead, Julia Cramer (Capi­tal Markets), Sven Johann­sen (Capi­tal Markets, Banking Super­vi­sion), all Hamburg

Reifen Baierlacher sells to Goodyear

Munich - Hübner Schlös­ser & Cie (HSCie) exclu­si­vely advi­sed the share­hol­ders of Reifen Baier­la­cher KG on the sale to the Goodyear Group. The manage­ment team, inclu­ding mana­ging part­ner Manuel Baier­la­cher, will remain with the company and, toge­ther with the new inves­tor, will conti­nue to actively drive Reifen Baierlacher’s growth stra­tegy in the future. With this tran­sac­tion, Goodyear further expands its sales and distri­bu­tion struc­ture, adds value to its products and brands and streng­t­hens its presence in an important key market.

Reifen Baier­la­cher will conti­nue to operate with a high degree of inde­pen­dence and flexi­bi­lity, main­tai­ning its medium-sized custo­mer and employee focus while bene­fi­t­ing from the strong brand reco­gni­tion and struc­tures of a globally active tire manu­fac­tu­rer. “This tran­sac­tion repres­ents the combi­na­tion of one of Germany’s leading tire trading compa­nies with one of the world’s best-known tire brands. The combi­na­tion with Goodyear will enable Baier­la­cher to further roll out its success­ful busi­ness model and posi­tion itself even more stron­gly in a conso­li­da­ting market envi­ron­ment. We are plea­sed to have advi­sed the Baier­la­cher family in the sales process,” explains Sabine Moel­ler (photo), part­ner at HSCie.

HSCie advi­sed the sellers in all steps of the sales process. The mana­ging part­ner comments: “We reali­zed from the very first minute that the decision to choose HSCie as our M&A advi­sor was the right one. Throughout the entire consul­ting period, we recei­ved extre­mely compe­tent, friendly and goal-orien­ted support. The profes­sio­na­lism and compe­tence of our contact persons was impres­sive. We are glad to have chosen HSCie and thank the consul­tants involved.”

About Reifen Baierlacher
Reifen Baier­la­cher is a German tire whole­sale and retail company based in Weil­heim near Munich. Retail compri­ses the busi­ness with new repla­ce­ment tires and comple­men­tary services for end custo­mers in the Southern Germany region. Whole­sale compri­ses the Europe-wide busi­ness with repla­ce­ment tires. For more infor­ma­tion on Reifen Baier­la­cher, visit www.baierlacher.com.

About HSCie
Hübner Schlös­ser & Cie, is an inter­na­tio­nally active, inde­pen­dent corpo­rate finance consul­ting firm based in Munich. In recent years, HSCie has comple­ted more than 160 tran­sac­tions in various indus­tries with a total volume of more than € 17 billion. HSCie is one of the leading consul­ting firms in Germany in the segment of medium-sized transactions.

Thüga Erneuerbare Energien acquires two wind farms and two solar farms each

Thüga Erneu­er­bare Ener­gien GmbH & Co. KG(THEE) is expan­ding its port­fo­lio with two exis­ting wind farms in Bran­den­burg and Rhine­land-Pala­ti­nate and two solar farms in Meck­len­burg-Western Pome­ra­nia. This incre­a­ses THEE ’s wind energy port­fo­lio by 13.6 MW to appro­xi­mately 282 MW. In 2018/2019, THEE had already acqui­red six solar parks, some of which are opera­ted by its subsi­diary THEE Solar GmbH & Co. KG. With the current acqui­si­tion of the two addi­tio­nal projects, THEE’s solar energy port­fo­lio incre­a­ses by 3.2 MWp to 14.2 MWp. The muni­ci­pal inves­tor thus curr­ently opera­tes a total of 27 wind farms and eight solar farms. Taylor Wessing ’s energy team, led by Hamburg-based part­ner Cars­ten Bartholl (pictu­red), provi­ded legal advice to THEE on the acqui­si­ti­ons, as it has several times in the past. These are not isola­ted cases: last year alone, the firm’s energy team advi­sed on rene­wa­ble energy projects with a scope of more than 2,500 MW at various stages of deve­lo­p­ment in Europe and overseas.

Thüga Erneu­er­bare Ener­gien GmbH & Co. KG (THEE), based in Hamburg, is a joint venture between several compa­nies in the Thüga Group. All compa­nies are mino­rity share­hol­ders in THEE. In principle, parti­ci­pa­tion in THEE is open to all compa­nies of the Thüga Group. THEE invests in rene­wa­ble energy genera­tion projects with a focus on Germany. The aim of THEE is to bundle know-how and capi­tal in order to expand its own energy produc­tion from rene­wa­ble sources in the coming years.

Legal advi­sors Thüga Erneu­er­bare Ener­gien: Taylor Wessing
Lead
Part­ner Cars­ten Bartholl (Part­ner M&A/Corporate, Head of Energy), Hannes Tutt (Salary Part­ner, Commer­cial Real Estate, Hamburg), Dr. Markus Böhme, LL.M. (Salary Part­ner, Regu­la­tory Energy Law, Düssel­dorf), Lars Borchardt (Asso­ciate, Envi­ron­men­tal Plan­ning & Regu­la­tory); Chris­tian Kupfer (Asso­ciate, Corporate/Energy), Jasmin Schlee (Asso­ciate, Corporate/Energy), all Hamburg, unless other­wise stated.

Weil with strong growth in the current fiscal year

Munich/ Frank­furt a. Main — The German offices of the inter­na­tio­nal law firm Weil, Gotshal & Manges LLP have recor­ded strong growth in the current finan­cial year and are on track to set a new reve­nue record. The Munich loca­tion in parti­cu­lar attrac­ted atten­tion this year with a 20% growth rate.

Dr. Ansgar Wimber (photo) also elec­ted part­ner of the firm effec­tive Janu­ary 1, 2020. Dr. Wimber is a part­ner in the private equity prac­tice in the firm’s Frank­furt office and advi­ses on cross-border tran­sac­tions. Most recently, he advi­sed Advent Inter­na­tio­nal and Noval­pina Capi­tal, among others, on various tran­sac­tions. “With the elec­tion of Dr. Wimber as Part­ner and the appoint­ment of a total of six lawy­ers at the Munich and Frank­furt offices as Coun­sel, Weil is excel­lently posi­tio­ned to conti­nue its high growth rate in the future,” said Prof. Dr. Gerhard Schmidt, Mana­ging Part­ner of the German offices.

To accom­mo­date this signi­fi­cant growth, the following attor­neys have been appoin­ted as Coun­sel effec­tive Janu­ary 1, 2020:
* Manuel-Peter Frin­ger (Private Equity, Munich)
* Thomas Zimmer­mann (Finance, Munich)
* Benja­min Rapp (Tax, Munich)
* Dr. Konstan­tin Hoppe (Liti­ga­tion, Munich)
* Svenja Wach­tel (Liti­ga­tion, Munich)
* Konrad v. Buch­waldt (Corpo­rate, Frankfurt).

Signi­fi­cant manda­tes which the firm has advi­sed on this year and which have contri­bu­ted signi­fi­cantly to its success include advi­sing Upfield (princi­pal share­hol­der KKR) on the acqui­si­tion of Arivia, KKR on the acqui­si­tion of heidel­pay from AnaCap, TCV on its invest­ment in Flix­Bus, Apax Digi­tal on its invest­ment in Signa­vio, Noval­pina Capi­tal on its take private and squeeze out of Olym­pic Enter­tain­ment Group.

Weil, Gotshal & Manges
Weil, Gotshal & Manges is an inter­na­tio­nal law firm with more than 1,100 lawy­ers, inclu­ding appro­xi­mately 300 part­ners. Weil is head­quar­te­red in New York and has offices in Boston, Dallas, Frank­furt, Hong Kong, Hous­ton, London, Miami, Munich, Paris, Beijing, Prince­ton, Shang­hai, Sili­con Valley, Warsaw and Washing­ton, D.C.

Philipp Freise becomes co-head of PE business KKR Europe

London — Promo­tion for Phil­ipp Freise (photo) — the KKR part­ner will become the new co-head of KKR’s Euro­pean private equity busi­ness with immediate effect. In the future, he will lead the company toge­ther with the Italian Mattia Caprioli. Both will jointly assume respon­si­bi­lity for day-to-day opera­ti­ons. They report to Johan­nes Huth, who heads KKR’s acti­vi­ties in Europe. Phil­ipp Freise had recently made a name for hims­elf with deals on the German media market.

With this move, KKR is rest­ruc­tu­ring its private equity leaders­hip. The posi­ti­ons Freise and Caprioli will assume in addi­tion to their exis­ting duties were previously headed by Johan­nes Huth.

Dr. Tanja Emmerling: new partner at HTGF

Berlin — Since March 2018, Dr. Tanja Emmer­ling (41, photo) has headed the Berlin office of High-Tech Grün­der­fonds (HTGF). Now she has been appoin­ted part­ner. “After the extre­mely success­ful and rapid estab­lish­ment of the Berlin office, we are very plea­sed to streng­t­hen the exten­ded manage­ment team with Tanja. This way, we gain even more impact for HTGF as a whole,” explains Dr. Alex von Fran­ken­berg, Mana­ging Part­ner of HTGF. This means that there are eleven part­ners in total, more than a quar­ter of whom are women.

Ms. Emmer­ling has been a member of the HTGF team since 2014. AI, IoT, Mobi­lity & Logistics, IT Secu­rity, Block­chain and SaaS compa­nies are her passion. She is invol­ved as a start-up mentor and is a welcome guest on various panels. Before joining HTGF, she was Head of New Ventures respon­si­ble for incu­ba­tion and corpo­rate ventures in a media company. “Being able to repre­sent Europe’s most active seed inves­tor as a part­ner in Berlin offers incredi­ble oppor­tu­nities to get new compa­nies off the ground,” Ms. Emmer­ling is plea­sed to say.

Berlin is an important loca­tion for HTGF. The metro­po­lis is a central hub for start-ups, inter­na­tio­nal inves­tors and compa­nies. A team of five invest­ment mana­gers is already working there. “But we have not only expan­ded the team in Berlin. New invest­ment mana­gers have also come on board at the Bonn office. With around 220 tran­sac­tions per year — that means new invest­ments, follow-up finan­cing and exits — the need for excel­lent invest­ment mana­gers has conti­nued to grow,” explains Dr. Alex von Frankenberg.

About High-Tech Gründerfonds
The seed inves­tor High-Tech Grün­der­fonds (HTGF) finan­ces tech­no­logy star­tups with growth poten­tial. With a total volume of EUR 895.5 million distri­bu­ted across three funds and an inter­na­tio­nal part­ner network, HTGF has already suppor­ted more than 550 star­tups since 2005. His team of expe­ri­en­ced invest­ment mana­gers and startup experts supports the young compa­nies with know-how, entre­pre­neu­rial spirit and passion. The focus is on high-tech start-ups in the soft­ware, media and Inter­net sectors, as well as hard­ware, auto­ma­tion, health­care, chemi­cals and life scien­ces. More than EUR 2 billion in capi­tal has been inves­ted in the HTGF port­fo­lio by exter­nal inves­tors in more than 1,400 follow-on finan­cing rounds to date. The fund has also success­fully sold shares in more than 100 compa­nies. www.htgf.de

Dr. Oliver von Rosenberg Dr. Oliver von Rosenberg from Görg to Heuking

Colo­gne — Heuking Kühn Lüer Wojtek wins M&A expert Dr. Oliver von Rosen­berg (photo) toge­ther with team from Görg. Dr. Oliver von Rosen­berg, LL.M. (54) and Dr. Alex­an­der Jüngst (37) will join the Colo­gne office of Heuking Kühn Lüer Wojtek as equity part­ners as of Janu­ary 1, 2020. Toge­ther with them, asso­cia­tes Dr. Kers­tin Goeck and Maxi­mi­lian Spitz­horn-Storck join Heuking from Görg.

The renow­ned M&A part­ner von Rosen­berg has many years of expe­ri­ence in advi­sing on German and cross-border M&A tran­sac­tions. His clients include large private equity funds and compa­nies in the energy sector. With his team, he regu­larly advi­ses medium-sized compa­nies and large family busi­nes­ses as well as family offices. He also has exten­sive exper­tise in the area of restructuring.

Dr. Oliver von Rosen­berg comple­ted his law studies at the Ruhr Univer­sity Bochum and George­town Univer­sity Law Center. In 1999, he worked as Foreign Coun­sel at one of the leading law firms in the U.S. in Los Ange­les. Prior to joining Görg in 2016, von Rosen­berg was a part­ner (since 1995 as an attor­ney) at Fresh­fields Bruck­haus Derin­ger from 2002 to 2016. In his subse­quent three years as a part­ner at Görg, he conti­nued to secure manda­tes for large cap funds such as CVC Capi­tal Part­ners, Ardian and Oakley, as well as nume­rous large medium-sized compa­nies for his team.

Dr. Alex­an­der Jüngst has exten­sive expe­ri­ence in advi­sing on M&A and private equity tran­sac­tions as well as rest­ruc­tu­ring. In addi­tion to tran­sac­tion expe­ri­ence, Jüngst also has special exper­tise in stock corpo­ra­tion and group law, limi­ted liabi­lity company law, corpo­rate gover­nance and capi­tal markets law.

Jüngst comple­ted his law studies at the Albert Ludwig Univer­sity in Frei­burg im Breis­gau, the Univer­sité de Lausanne, Switz­er­land, and the Univer­sity of Colo­gne. He star­ted his career at Linkla­ters in Corporate/M&A before joining Görg in Janu­ary 2019.

“We are extre­mely plea­sed to have Dr. Oliver von Rosen­berg and Dr. Alex­an­der Jüngst join us with their asso­cia­tes. The expe­ri­en­ced colleague Dr. von Rosen­berg and his team are an excel­lent addi­tion to our Corporate/M&A prac­tice,” said Dr. Pär Johans­son, Mana­ging Part­ner of the firm and based in Colo­gne. “With the four new addi­ti­ons, we are expan­ding our exper­tise in M&A not only in Colo­gne, but across all firms.”

Dr. Oliver von Rosen­berg is also convin­ced that the change is worthwhile for both sides. “I am looking forward to my new role at a firm that has one of its main areas of focus in M&A,” von Rosen­berg said of his team’s move.

Itziar Estevez Latasa is a new partner at Iris Capital

Berlin — Iris Capi­tal, one of Europe’s leading venture capi­tal firms, brings Itziar Este­vez Latasa (photo) on board as a part­ner. Based in Munich, she will be respon­si­ble for late-stage invest­ments in the DACH region.

Itziar Este­vez Latasa brings over ten years of VC expe­ri­ence and specia­li­zes in late stage and growth capi­tal invest­ments. Its focus here is prima­rily on invest­ments in the areas of B2B soft­ware, data analy­tics, cyber secu­rity and Indus­try 4.0.

Most recently, she spent ten years as a venture inves­tor at Next47 and Siemens Venture Capi­tal. Her previous invest­ments and port­fo­lio respon­si­bi­li­ties include Black Duck (acqui­red by Synop­sys), Brain­cube, Pola­rion (acqui­red by Siemens), Wurld­tech (acqui­red by GE), Ence­lium (acqui­red by OSRAM).

Prior to that, Itziar Este­vez Latasa worked at The Boston Consul­ting Group as a consul­tant specia­li­zing in private equity and energy projects and in project manage­ment at BMW.

Iris Capital’s Germany team is led by Curt Gunsen­hei­mer, Mana­ging Part­ner: “We are very happy and proud to welcome Itziar as our new late-stage part­ner. Her expe­ri­ence in indus­trial and corpo­rate envi­ron­ments toge­ther with her exper­tise in tech inves­ting will be a great addi­tion to our team in Berlin. We see her as a key figure in iden­ti­fy­ing emer­ging German compa­nies and unicorns.”

About Iris Capital
Iris Capi­tal is a Euro­pean venture capi­tal firm specia­li­zing in the digi­tal economy. Iris Capi­tal invests in compa­nies at various stages of growth, from star­tups to late stage and growth play­ers. Due to its parti­cu­lar specia­liz­a­tion in indi­vi­dual indus­tries and over 30 years of expe­ri­ence, as well as the support of its corpo­rate spon­sors, Iris Capi­tal actively accom­pa­nies the compa­nies in its own port­fo­lio. Iris Capi­tal has offices in Paris, Berlin, San Fran­cisco, Tel Aviv, Tokyo and Dubai.

Iris­Next is a fund of Iris Capi­tal, backed as inves­tors by leading compa­nies such as Orange, Publi­cis, Valeo and Brid­ge­stone, as well as finan­cial inves­tors and insti­tu­ti­ons such as Bpif­rance and BRED Banque Popu­laire. Its holdings include Adjust, Careem, Happy­Car, Kyriba, Open-Xchange, Mojio, reBuy, Scality, Search­metrics, Shift Tech­no­logy, Studitemps, Talend, Talon.One and Unu Motors. www.iriscapital.com

Pericap joins Clairfield International

Frank­furt a. Main — Frank­furt-based corpo­rate finance boutique Peri­cap AG has joined Clair­field Inter­na­tio­nal. Effec­tive July 01, 2019, the two foun­ders Prof. Dr. Serge Ragotzky and Michael Haas have joined the Clair­field Group as partners.

Dr. Serge Ragotzky (photo) has many years of expe­ri­ence in M&A and capi­tal markets. After holding profes­sio­nal posi­ti­ons at Sal. Oppen­heim, HSBC and UBS for six years as Mana­ging Direc­tor respon­si­ble for the German corpo­rate finance busi­ness of the pan-Euro­pean invest­ment bank Kepler Cheu­vreux (form­erly Kepler Capi­tal Markets). Since 2014, he has also been Profes­sor of Invest­ment Banking at HfWU Nürtingen-Geislingen.

Michael Haas, CFA , who holds a degree in busi­ness mathe­ma­tics, foun­ded Peri­Cap toge­ther with Dr. Ragotzky in 2013 and has since been advi­sing medium-sized and high-growth compa­nies in the areas of M&A and capi­tal raising. Previously, Michael Haas also spent six years at Kepler Cheu­vreux, most recently as Direc­tor Corpo­rate Finance. Other profes­sio­nal posi­ti­ons include BDO Tran­sac­tion Services, Bank­haus Lampe M&A and NIBC Infra­st­ruc­ture Finan­cing. Clair­field Inter­na­tio­nal — one of the world’s leading M&A consul­tancies for midmar­ket tran­sac­tions — has thus once again expan­ded its circle of partners.

The addi­tion of the Frank­furt office brings Clairfield’s total number of part­ners in Germany to ten. Further team addi­ti­ons at the Düssel­dorf and Stutt­gart loca­ti­ons are plan­ned for the second half of the year. Dr. Albert Schan­der, Foun­der and Mana­ging Part­ner of Clair­field in Germany, said, “We are deligh­ted that Serge and Michael have chosen Clair­field and that with this team we will further streng­t­hen our indus­try exper­tise in the tech­no­logy, consu­mer goods and real estate sectors and also expand our know-how in the areas of capi­tal markets advi­sory and valuation.”

About Clair­field International
Clair­field Inter­na­tio­nal is the asso­cia­tion of leading invest­ment banking bouti­ques with holding head­quar­ters in Geneva. The Clair­field Group curr­ently inclu­des 38 offices in 22 coun­try orga­niz­a­ti­ons with a total of more than 300 employees. Clair­field Inter­na­tio­nal has been repeatedly reco­gni­zed by Thom­son Reuters as one of the world’s leading midmar­ket M&A consul­tancies for tran­sac­tions up to €500m.

M&A expert Matthias Schneck new partner at DRS Investment

Munich — The soft­ware inves­tor DRS Invest­ment GmbH expands its team with the M&A expert Matthias Schneck, photo. After 13 years, Schneck joins DRS Invest­ment from the AURELIUS Group, where he was most recently Mana­ging Part­ner of AURELIUS Growth Capital.

With this step, DRS Invest­ment comple­tes its own circle of part­ners, which, in addi­tion to foun­der and Mana­ging Part­ner Dr. Andreas Spie­gel, consists of venture capi­tal expert Harald Ebrecht and soft­ware entre­pre­neur Dr. Sven Abels. They are suppor­ted by other private equity specia­lists on the Advi­sory Board.

Having worked in the invest­ment banking depart­ment of a major bank, in the finance depart­ment of a listed medium-sized company and in the M&A team at the AURELIUS Group, for which he execu­ted more than a dozen tran­sac­tions, Schneck is one of the most expe­ri­en­ced experts in the German small-cap segment. His respon­si­bi­li­ties at DRS Invest­ment include deal origi­na­tion and execu­tion as well as buil­ding a high performing invest­ment team.

About DRS Investment
DRS Invest­ment acqui­res long-term invest­ments in soft­ware compa­nies. Foun­ded by entre­pre­neur Andreas Spie­gel, DRS enab­les entre­pre­neurs to sell (part of) their busi­ness with long-term deve­lo­p­ment prospects.

DRS is mana­ged by a hete­ro­ge­ne­ous team of invest­ment profes­sio­nals and soft­ware experts. As a soft­ware group, DRS promo­tes exchange between soft­ware compa­nies in the port­fo­lio and provi­des access to experts in virtually all current tech­no­lo­gies. The DRS manage­ment team invests for the long term with a select group of investors.

Curt Gunsenheimer is new Managing Partner at Iris Capital

Berlin — Iris Capi­tal, one of Europe’s leading venture capi­tal firms, appoints Curt Gunsen­hei­mer (photo) as Mana­ging Part­ner. Toge­ther with Erik de la Rivière, Mana­ging Part­ner at Iris Capi­tal since 2016, Gunsen­hei­mer is now respon­si­ble for the global expan­sion stra­tegy of German, French and US companies.

Curt Gunsen­hei­mer joined Iris Capi­tal in Berlin in 2002 as Part­ner and even­tually Senior Part­ner respon­si­ble for late-stage invest­ments and growth finan­cing. “Curt has renow­ned exper­tise in enter­prise soft­ware, cloud, SaaS, soft­ware-enab­led services and auto­mo­tive tech­no­logy. He will bring new impe­tus and his expe­ri­ence will help to success­fully manage all invest­ments in the DACH market and beyond,” said Erik de la Rivière.

In 1993, Iris Capi­tal star­ted its invest­ment acti­vi­ties in Germany. In the last ten years, 20 German compa­nies have been finan­ced by Iris Capi­tal. 35 percent of the active port­fo­lio of the Euro­pean venture capi­tal company consists of German startups.

As an inves­tor at Iris Capi­tal, Gunsen­hei­mer suppor­ted more than 20 Euro­pean and U.S. compa­nies from the growth phase to global acqui­si­ti­ons or IPOs. He is a board member of success­ful star­tups such as Jedox, Open-Xchange, reBuy, Search­metrics, Studitemps or Kyriba. In recent years, he has suppor­ted compa­nies such as Talend (NASDAQ IPO) and Mister-Auto.com (acqui­si­tion by PSA Peugeot Citroën).

Prior to Iris Capi­tal, Gunsen­hei­mer worked at Gold­man Sachs and Robert­son Stephens in London and San Fran­cisco, where he was respon­si­ble for nume­rous IPOs of tech­no­logy compa­nies across Europe and inter­na­tio­nal M&A tran­sac­tions. He also worked for MIT on programs on entre­pre­neurs­hip and tech­no­logy spin-outs.

About Iris Capital
Iris Capi­tal is a Euro­pean venture capi­tal firm specia­li­zing in the digi­tal economy. Iris Capi­tal invests in compa­nies at various stages of growth, from star­tups to late stage and growth play­ers. Due to its parti­cu­lar specia­liz­a­tion in indi­vi­dual indus­tries and over 30 years of expe­ri­ence, as well as the support of its corpo­rate spon­sors, Iris Capi­tal actively accom­pa­nies the compa­nies in its own port­fo­lio. Iris Capi­tal has offices in Paris, Berlin, San Fran­cisco, Tel Aviv, Tokyo and Dubai.

Iris­Next is a fund of Iris Capi­tal, backed as inves­tors by leading compa­nies such as Orange, Publi­cis, Valeo and Brid­ge­stone, as well as finan­cial inves­tors and insti­tu­ti­ons such as Bpif­rance and BRED Banque Popu­laire. Its holdings include Adjust, Careem, Happy­Car, Kyriba, Open-Xchange, Mojio, reBuy, Scality, Search­metrics, Shift Tech­no­logy, Studitemps, Talend, Talon.One and Unu Motors.

20th German Equity Day: Venture capital plays a decisive role

Berlin — 20th German Equity Day: The German Private Equity and Venture Capi­tal Asso­cia­tion (BVK) cele­bra­ted its anni­ver­s­ary with its annual confe­rence on June 4, 2019 and invi­ted top-class spea­kers. The German Federal Minis­ter of Econo­mics and Tech­no­logy, Peter Altmaier, opened the Equity Day with his speech “For a strong SME sector of tomor­row” and clearly advo­ca­ted streng­t­he­ning Germany as a venture capi­tal location.

“A strong economy in this coun­try depends on a strong start-up scene. Howe­ver, espe­cially in the growth phase, young compa­nies in Germany often do not have an easy time finding inves­tors. We still have some catching up to do here. It is important to me that inno­va­tions can emerge, grow and become world leaders in Germany,” said the Federal Minis­ter for Econo­mic Affairs and Energy. Altmaier stres­sed: “That is why we will conti­nue and also further deve­lop our compre­hen­sive set of instru­ments for large-volume start-up finan­cing. In doing so, it is also an important concern of mine to attract even more private inves­tors for venture capi­tal investments.”

This was welco­med by Ulrike Hinrichs (photo), mana­ging board member of the BVK. “Only if we succeed in making venture capi­tal more attrac­tive to pension funds and insurance compa­nies will we have a chance of closing the invest­ment gap in follow-up finan­cing. This is where poli­cy­ma­kers are called upon to ensure that the finan­cing gap between German star­tups and their inter­na­tio­nal compe­ti­tors does not widen,” said Hinrichs.

Gene­ral David H. Petraeus, former Direc­tor of the CIA and now Chair­man of the KKR Global Insti­tute, was anot­her high­light on the morning of Equity Day. Petraeus made clear how important cyber secu­rity is in today’s world and looked at the current secu­rity chal­len­ges posed by the Internet.

Petraeus was follo­wed by a power talk with Dirk Roßmann, foun­der and CEO of the drugs­tore chain Dirk Ross­mann GmbH, and his long-stan­ding finan­cing part­ner HANNOVER Finanz Group. The invest­ment company had been inves­ted in the company for 22 years. “Equity capi­tal as a spar­ring part­ner was the right decision at all times: With the help of the HANNOVER Finanz Group, I was able to streng­t­hen and further expand my busi­ness,” Roßmann is convin­ced of his decision.

The BVK already has a tradi­tion with the finan­cial policy round­ta­ble at the Equity Day. This year, Antje Till­mann MdB (CDU), Lothar Binding MdB (SPD), Lisa Paus MdB (Bü90/Die Grünen), Dr. h.c. Hans Michel­bach (CSU) and Frank Schäff­ler MdB (FDP) with jour­na­list and daily presen­ter Ines Arland and took a look at deve­lo­p­ments in tax and fiscal policy.

For the second time, discus­sion panels were held in the after­noon in the Venture and Mittel­stand Corner, this time on fund­rai­sing, growth finan­cing and busi­ness succes­sion. The annual confe­rence conclu­ded with a speech by BVK Deputy Board Spokes­man Max W. Römer with his view of the association’s work and the role of equity capi­tal for Germany.

Change on the BVK Board
During the Gene­ral Meeting, Dr. Klaus Stöcke­mann, Jürgen von Wendorff and Peter Hiel­scher were bidden fare­well from the BVK Execu­tive Board, as they were reti­ring by rota­tion. The following persons have moved up to the Execu­tive Board Anette Görg­ner, Senior Port­fo­lio Mana­ger at TECTA Invest; Ferdi­nand von Sydow, Member of the Manage­ment Board of HQ Capi­tal; Dr. Robert Hennigs, Mana­ging Direc­tor and Part­ner at Finatem; Frank Hüther, Mana­ging Direc­tor at Abacus alpha; Joachim Rothe, Mana­ging Part­ner at LSP;Mark Schmitz, part­ner at Lakestar; and Ronald Ayles, Mana­ging Part­ner at Advent Inter­na­tio­nal and Mana­ging Direc­tor in Germany.

The two Board Spokes­per­sons Dr. Regina Hodits and Dr. Chris­tian Stof­fel, the Deputy Board Spokes­per­son Max W. Römer as well as Dr. Andreas Rodin and Peter Pauli will remain on the Board.

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