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1 week ago | 
boersen-zeitung.de | Christoph Ruhkamp
SV Werder Bremen had been hoping for a surprise win in the DFB Women's Cup final in Cologne on 1 May. But regardless of losing that game to FC Bayern, Germany's thirteenth-largest sports club wants to invest more money in the growth area of women's football. This is one of the reasons why SV Werder Bremen GmbH & Co KG aA is now raising fresh debt capital. The new bond is aimed at retail and institutional investors and has a target volume of 20 million euros with a term until 2030.
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1 week ago | 
boersen-zeitung.de | Christoph Ruhkamp
RWE is putting its business with offshore wind farms in the USA on hold due to regulatory uncertainties under President Trump. „In the USA, where we have stopped our offshore activities for the time being, our business with onshore wind, solar energy and battery storage has developed very dynamically so far,“ CEO Markus Krebber said at the virtual Annual General Meeting on 30 April.
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2 weeks ago | 
boersen-zeitung.de | Christoph Ruhkamp
It took two years, but now it's happening. The Pension Institution of the Federal and State Governments (VBL) is soon to face court action over accusations of opacity. Activist Arne Semsrott from the NGO „Frag den Staat“ had already sued the VBL in January 2023 – based on the Freedom of Information Act – before the Karlsruhe Administrative Court.
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1 month ago | 
boersen-zeitung.de | Annette Becker |Christoph Ruhkamp
The proposed 3 billion euro sale of the pharmaceutical packaging company Gerresheimer is at risk of falling through. In March, several financial investors made indicative offers for the Düsseldorf-based company, including a consortium of private equity firms KKR and Warburg Pincus together with the sovereign wealth fund Abu Dhabi Investment Authority. KKR has pulled out, according to reports first published by Bloomberg. KKR has declined to comment on the matter.
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1 month ago | 
boersen-zeitung.de | Carsten Steevens |Gesche Wüpper |Christoph Ruhkamp
The French co-operative bank Crédit Mutuel Alliance Fédérale is taking over Oldenburgische Landesbank (OLB) via its subsidiary Targo Deutschland. The previous owners of OLB, led by US private equity firm Apollo, decided against an IPO, which had been rumoured for several years. There had been speculation about an IPO coming in April. Plans for an IPO fell through in 2022 and 2023 due to weak market conditions.
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1 month ago | 
boersen-zeitung.de | Christoph Ruhkamp
Something worrying is happening in Europe's financial centres. There are more delistings than IPOs. Takeovers by competitors or private equity investors are usually responsible for the disappearance of companies. In 2024, 22 companies departed from the exchanges in Germany, seven from the more heavily regulated Prime Standard of the Frankfurt Stock Exchange. Wind farm operator Encavis was taken private by KKR.
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1 month ago | 
boersen-zeitung.de | Christoph Ruhkamp
The „intention to float“ announcement for Stada's IPO had been widely expected for 19 March. However, the owners Bain and Cinven cancelled the IPO at the last minute, and are now focusing on a new attempt in September. This is the second time this year that the IPO of the generics company from Bad Vilbel has been postponed. The debut was also expected in January. The withdrawal is a bitter setback for the IPO market in Germany. It remains to be seen what caused the sudden change of heart.
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2 months ago | 
boersen-zeitung.de | Christoph Ruhkamp
While the USA is distancing itself politically from Germany, American investors continue to focus on the domestic market. Financial investor PSG Equity, which specialises in buying stakes in software companies, is steadily expanding its presence in Germany. Last week the private equity firm announced the acquisition of a stake in Munich-based company Checkmk, a specialist in IT infrastructure monitoring. This brings Boston-based PSG Equity's total number of platform investments in Germany to seven.
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2 months ago | 
boersen-zeitung.de | Christoph Ruhkamp
When the journalist Jamal Khashoggi was strangled, sawed up and packed in plastic bags in the Saudi Arabian consulate in Istanbul in October 2018, international business partners distanced themselves from the Saudi crown prince and de facto head of state Mohammed bin Salman for a while. Those days are long gone. Saudi Arabia is a respectable investor.
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Feb 13, 2025 | 
boersen-zeitung.de | Christoph Ruhkamp
Europe's IPO market has some momentum, with Initial Public Offerings recently completed in Spain, Poland and Czech Republic. This is lifting the mood in the market, and among investment bankers. Private equity investors in particular are pinning their hopes on being able to exit their holdings via IPOs. In Germany, the generics group Stada from the Bain and Cinven portfolio, which is valued at up to 10 billion euros, is aiming to go public before Easter.
