Netherlands

Private equity and venture capital news from the Netherlands

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• Mentha Capital and BNP Paribas Private Equity back Dutch micro optics business Anteryon 11 Sep 2009. Source: AltAssets. Dutch private investment firm Mentha Capital and BNP Paribas Private Equity have invested $10m in Anteryon, a Netherlands-based wafer-scale micro optics business. Mentha Capital is a new investor; BNP Paribas Private Equity already invested in Anteryon in December 2008.

• Forbion Capital Partners closes series A on biopharmaceutical company 10 Sep 2009. Source: AltAssets. Forbion Capital Partners, a life sciences-focused venture firm, has co-led a €9.5m series A investment round for arGEN-X BV.

• Private equity firm Waterland buys out corporate management services firm Intertrust 04 Sep 2009. Source: AltAssets. Waterland Private Equity Investments, a firm with operations in the Netherlands, Germany and Belgium, has bought out Intertrust, a major player in the global trust and corporate management services sector. The size of the deal has not been disclosed.

• Private equity firm Icos Capital invests in clean water company BiAqua 02 Sep 2009. Source: AltAssets. Dutch cleantech-focused private equity firm Icos Capital has made an undisclosed investment in Delft University of Technology’s spin-off BiAqua.

• Regenerative medicine developer ProFibrix closes $11m funding round 25 Aug 2009. Source: AltAssets. ProFibrix, a developer of hemostasis and regenerative medicine products, has closed an $11m series B investment.  The financing round was led by new investor Gilde Healthcare Partners, a leading European life sciences investor, who joins existing investor Index Ventures. Dirk Kersten from Gilde will join the company’s supervisory board.

• Just-Eat completes £10.5m Series A funding 13 Jul 2009. Source: AltAssets. Just-Eat, a European site for ordering meals online, has closed its first institutional financing. European venture capital firm Index Ventures led the £10.5mn round, with Venrex Investment Management and existing shareholders also participating. The capital will be used to consolidate the company’s leadership position in the UK and to expand into additional territories across Europe, the company said.

• Holland Venture Partners launches €70m fund with Natixis as sponsors 02 Jul 2009. Source: AltAssets. Holland Venture Partners, a Dutch venture firm that focuses on the lower mid-market, has set up a €70m fund that will focus on expansion and buy-out investments in small- and medium-sized Dutch companies.

• Amsterdam-based RES Software raises $12.5m in venture capital funding from Updata Partners 30 Jun 2009. Source: AltAssets. RES Software, an Amsterdam-based provider of user workspace management software, has raised $12.5m in venture capital funding from Updata Partners. The funds will be used to facilitate RES Software’s global growth, the company said.

• KKR abandons plans to list on the New York Stock Exchange 25 Jun 2009. Source: AltAssets. Kohlberg Kravis Roberts & Co is no longer listing on the New York Stock Exchange, instead floating on Amsterdam’s Euronext.

• Gimv backs MBO of X-ray business Claymount Group 11 Jun 2009. Source: AltAssets. Gimv, the Belgian private equity firm, has invested an undisclosed amount in the management buy-out of the Claymount Group, a niche player for the X-ray industry.

• NB Private Equity Partners aims for dual listing 08 Jun 2009. Source: AltAssets. NB Private Equity Partners, the private equity fund of funds that emerged from failed US investment bank Lehman Brothers, is looking to list its shares on the Specialist Fund Market of the London Stock Exchange.

• Conversus Capital sees increase in debt investments in 2008 01 May 2009. Conversus Capital, the Euronext-listed private equity fund of funds, invested significant amounts of its capital in debt funds during 2008. Last year, at least 29 per cent, or $77m (€58m), of the vehicle's capital calls were invested in distressed or performing debt.

• Dutch start-up investments in 2008 defy economic slump 24 Apr 2009. The total amount invested in Dutch start-ups increased by 66 per cent to €228m in 2008, largely due to several large investments in the energy sector, according to the Dutch Private Equity & Venture Capital Association's (NVP) annual survey.

• European private equity firm Waterland joins Econcern for €36m investment in renewable fuel company BioMCN 05 Mar 2009. Source: AltAssets. European private equity firm Waterland has agreed with sustainable energy company Econcern to invest €36m in renewable fuel company BioMCN in Delfzijl, the Netherlands. The investment is the firm’s second in the clean energy sector in the past week.

• LDC bolsters Dutch operation with new director 09 Feb 2009. Source: AltAssets. LDC, the mid-market private equity arm of LloydsTSB, has appointed Ronald Verhoef as director of its Netherlands team. Based in Amsterdam, he will focus on originating transactions in the Benelux market and will report to Kevan Leggett, managing director of LDC’s eight strong investment team in the UK.

• 3i portfolio company faces creditors after breaking banking covenants 28 Jan 2009. Source: AltAssets. 3i’s portfolio company VNU Business Media Europe is facing a potential takeover by creditors as it is believed to be close to breaking its banking covenant, according to The Times.

• Prime Technology Ventures reaches target of €150m, hires two partners 22 Jan 2009. Source: AltAssets. Netherlands and UK-based firm Prime Technology Ventures has reached its target of €150m with its PTV III fund. PTV has also expanded its team with two new partners, with Jelto Kromwijk Smits, the former CEO of Philips Incubator, and Joost Holleman, formely principal of fund investments at AlpInvest Partners, joining the firm.

• Brynwood sells Royal Boon Edam Group Holding stake 22 Dec 2008. Source: AltAssets. Brynwood Partners has completed the sale of its ownership position in Edam, The Netherlands-headquartered Royal Boon Edam Group Holding, to majority shareholder Kareni.

• AAC Capital achieves full independence 14 Nov 2008. Source: AltAssets. European mid-market private equity firm AAC Capital has completed a secondary transaction, whereby ABN AMRO has sold a portfolio of 20 buy-out investments managed by AAC to a consortium led by Goldman Sachs Asset Management. These Benelux, UK and Nordic investments, all made prior to October 2006, will continue to be solely managed by AAC Capital. As part of the transaction, the Goldman Sachs Asset Management-led consortium and ABN AMRO have committed €950m to AAC Capital's current investment programme, which includes 11 acquisitions completed since October 2006. In addition, AAC Capital's management company, already majority-controlled by AAC Capital executives, is now owned 100 per cent by AAC Capital so that the firm is fully independent.

• Holland Private Equity Technology Fund I holds €40m first closing 07 Nov 2008. Source: AltAssets. Amsterdam-domiciled small to mid-cap technology-focused private equity firm Holland Private Equity has held a €40m first closing on its first fund, Holland Private Equity Technology Fund I. Financial details have not been disclosed.

• FMO invests €118m in African private equity funds 05 Sep 2008. Source: AltAssets. The Netherlands Development Finance Company (FMO) has committed €118m in total to nine African private equity funds year-to-date. The Dutch development bank has participated in the first closing of the Aureos Africa Fund and committed capital to Africinvest Fund II, a pan-African mid-market fund managed by AfricInvest Capital Partners - Tuninvest Finance Group.

• KKR to list on NYSE, first acquiring KPE 28 Jul 2008. Source: AltAssets. US buy-out giant Kohlberg Kravis Roberts & Co has agreed to acquire all of the assets and assumption of all of the liabilities of KKR Private Equity Investors, the Netherlands-listed private equity investment fund. The transaction will form part of KKR's IPO on the New York Stock Exchange in the fourth quarter of this year.

• Egeria closes third fund on €500m 17 Jul 2008. Source: AltAssets. Dutch mid-market buy-out firm Egeria has closed its third fund, Egeria III, on its hard cap of €500m, exceeding its initial target of €400m.