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Finatem: Successful final closing of Finatem III fundFrankfurt am Main, )
- Fund volumes total €135 million
- Strong interest from both German and foreign investors
- Broad investor base - family offices' share almost quadruples
Finatem, an established independent company that invests in medium-sized German companies, has announced the successful final closing of its Finatem III fund with a capitalisation of €135 million. It has successfully raised 10% more in total volume than for its predecessor Finatem II fund as a consequence.
Along with the already existing investors in Funds I and II, the company received subscription commitments from additional institutional investors, and, in particular, family offices with an entrepreneurial background. The latter comprise around 27% of the investment volume. From a geographic perspective, too, there was also a further diversification of the investor base in the current fundraising: 39% of the capital raised derived from Germany, 35% from France, and 26% from other EU countries.
Dr. Robert Hennings, Managing Director and Partner of Finatem, expressed his corresponding satisfaction as follows: "We are proud of the great demand that the fund generated from both existing and new investors. We are particularly pleased with the major confidence shown by family offices, their share more than quadrupled compared with the predecessor Finatem II fund. We are also benefiting from the growing attractiveness of Germany as an investment location in this context - particularly for family-owned investment management vehicles."
Christophe Hemmerle, Managing Director and Founding Partner of Finatem, went on to add: "We are convinced that the successful closing reflects the high quality of our portfolio and our track record - also in economically difficult periods. We have also already proved our exit capabilities this year with the well-regarded IPO of Derby Cycle AG."
The current fund represents a continuation of Finatem's tried and tested strategy of acquiring majority interests in medium-sized companies in the German-speaking region. As a consequence, there is a clear focus on so-called "hidden champions" that exhibit potential for organic growth and acquisitions, in addition to annual sales of between €25 million and €125 million. As early as 2010, the company acquired from its own funds the Essen-based TechnoPhysik Group, a manufacturer and distributor of asbestos-free thermal lagging materials and fire protection products. The acquisition in spring of this year of a 75% majority stake in the Schramberg-based Herzog AG, a highly specialised manufacturer of milled and lathe-turned parts, has meanwhile marked the second investment from Finatem III.
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