Author: Tatjana Anderer

Munich — The law firm GOF Gütt Olk Feld­haus has advi­sed the tech­no­logy inves­tor LEA Part­ners, Karls­ruhe on the stra­te­gic invest­ment in Enscape GmbH. The foun­ders Thomas Will­ber­ger and Moritz Luck as well as High-Tech Grün­der­fonds remain share­hol­ders in Enscape.

Enscape, based in Karls­ruhe, Germany, is a leading provi­der of real-time 3D rende­ring and visua­liza­tion products for the archi­tec­ture, engi­nee­ring and cons­truc­tion indus­tries. Compa­nies from over 80 count­ries and 85% of the inter­na­tio­nally renow­ned TOP 100 archi­tec­ture firms use Enscape software.

LEA Part­ners, as an entre­pre­neu­rial equity part­ner, supports foun­ders and manage­ment teams at diffe­rent stages of deve­lo­p­ment in their growth and achie­ve­ment of a leading market posi­tion. GOF provi­ded legal support to LEA Part­ners in all phases of the tran­sac­tion process, inclu­ding finan­cing. Most recently, GOF advi­sed LEA Part­ners on the acqui­si­tion of a stake in Midoco Group in 2019.

Legal advi­sors LEA Part­ners: GOF Gütt Olk Feld­haus, Munich
Dr. Sebas­tian Olk, Photo (Part­ner, Corporate/M&A, Lead M&A), Dr. Tilmann Gütt (Part­ner, Banking/Finance, Lead), Thomas Becker (Of Coun­sel, IP/IT/Software), Isabelle Vran­cken, Dr. Marcel Schmidt, Karl Ehren­berg, LL.M., Chris­to­pher Ghabel

Flick Gocke Schaum­burg, Munich
Chris­tian Schatz (Part­ner, Tax Law), Corina Hack­barth (Asso­ciate Part­ner, Tax Law)

Stau­dacher Annuß Labor Law, Munich
Ingo Sappa (Part­ner, Labor Law), Dr. Felix Half­meier (Asso­ciate, Labor Law)

Barnes & Thorn­burg LLP, Chicago
Timo Rehbock (Part­ner, Corporate/M&A), Marga­rita Escalante (Corporate/M&A)

Legal advi­sors to the sellers: PwC Legal (Nurem­berg, Munich, Düsseldorf)
Gerhard Wacker (Part­ner, Corporate/M&A, Lead Partner)

About Gütt Olk Feldhaus
Gütt Olk Feld­haus is a leading commer­cial law firm based in Munich. The firm’s prac­tice areas are corpo­rate law, M&A, finance and liti­ga­tion with a focus on tran­sac­tions and inter­na­tio­nal aspects.

Stutt­gart / Venlo — The Stutt­gart invest­ment company Finexx conti­nues to imple­ment the plat­form stra­tegy for the BioneXX Holding conti­nues: As part of a succes­sion plan, the Group, with the support of its majo­rity share­hol­der Finexx, has acqui­red the company Feel­good Shop based in Venlo, the Nether­lands, was acqui­red. Guido Gmei­ner remains Mana­ging Direc­tor at the e‑commerce plat­form specia­li­zing in natu­ral and orga­nic food supple­ments. The sellers of the wholly owned shares are private investors.

Feel­good Shop B.V. was the first online store (www.feelgood-shop.com) for natu­ral nutri­ents in the German-spea­king count­ries when it was foun­ded in 2003 and is now one of the leading suppli­ers of high-quality, certi­fied orga­nic food supple­ments and vital subs­tances there. The product range mainly compri­ses quality products on a natu­ral basis — inclu­ding vitamins, mine­rals, super­foods, vital subs­tance concen­tra­tes, anti-aging and diet products, as well as sports nutri­tion such as muscle-buil­ding products. With around 20 employees, Feel­good Shop is growing steadily.

“We are plea­sed to have contin­ued to successfully execute our buy-and-build stra­tegy in the nutri­tio­nal supple­ments space and to have been able to support BioneXX in this important acqui­si­tion,” said Finexx CEO Matthias Heining. “The market for health-conscious, orga­nic-orien­ted nutri­tion is booming, and the excel­lently posi­tio­ned Feel­good Shop will give BioneXX a new boost in growth, espe­ci­ally in online sales.” The invest­ment company Finexx, which supports medium-sized compa­nies in their growth with capi­tal, know-how and an exten­sive network, has built up a leading plat­form for certi­fied orga­nic and orga­nic food supple­ments in Europe under the umbrella of BioneXX Holding in recent years. The basis for this was the majo­rity share­hol­ding in the renow­ned GSE Vertrieb Biolo­gi­sche Nahrungs­er­gän­zungs- und Heil­mit­tel GmbH and natu­rity Vertriebs­ge­sell­schaft mbH at the end of 2018. In the mean­time, the former L’Oréal-LOGO­COS brand FITNE Health Care and JUVENTA Health­care also belong to the group.

The new part­ner­ship with Feel­good Shop is inten­ded to streng­then product deve­lo­p­ment in the BioneXX Group, bundle purcha­sing and logi­stics compe­ten­cies, and expand online sales capa­ci­ties. Total sales at BioneXX are expec­ted to be around 20 million euros in 2020. For Feel­good Shop, the focus is on lever­aging previously untap­ped sales poten­tial in addi­tio­nal Euro­pean markets, while meeting the steadily growing demand for health-main­tai­ning and health-promo­ting products with an even broa­der and bio-focu­sed product portfolio.

A CMS team led by lead part­ners Dr. Hendrik Hirsch and Dr. Heike Wagner provi­ded compre­hen­sive legal advice to the share­hol­ders of Feel­good Shop on the struc­tu­ring, nego­tia­tion and tax struc­tu­ring of the transaction.

About Finexx
Finexx GmbH Unter­neh­mens­be­tei­li­gun­gen, based in Stutt­gart, is a consul­ting company foun­ded in 2013 that specia­li­zes in estab­lished medium-sized compa­nies. Typi­cal fields of acti­vity are growth invest­ment and acqui­si­tion finan­cing as well as the support of chan­ges in the share­hol­der struc­ture and succes­sion plan­ning. Finexx invests long-term funds (equity capi­tal of between 5 and 50 million euros), mainly in the form of majo­rity share­hol­dings, in compa­nies from the German-spea­king region, inclu­ding insu­rance compa­nies and pension funds. These have sales of EUR 10 million or more, a quali­fied manage­ment team, and can demons­trate sustainable earnings power and cash flow based on a successful busi­ness model.

The team has many years of indus­trial and manage­ment expe­ri­ence as well as profound know-how in the invest­ment sector — both are brought to bear for the successful further deve­lo­p­ment of compa­nies and in the asso­cia­ted change proces­ses. Finexx supports manage­ment by provi­ding active commer­cial and tech­ni­cal advice without inter­fe­ring with day-to-day opera­ti­ons, as well as a cross-indus­try network.
www.finexx.de

Munich — Liberta Part­ners, a Munich-based multi-family holding company, is acqui­ring Ameropa, a subsi­diary of Deut­sche Bahn (DB). Liberta Part­ners invests speci­fi­cally in compa­nies with future poten­tial in German-spea­king count­ries and supports them in the further deve­lo­p­ment of their busi­ness models. ARQIS advi­sed Liberta Part­ners on the acqui­si­tion of Ameropa. Both parties have agreed not to disc­lose the purchase price.

Ameropa, based in Bad Homburg near Frank­furt am Main, is a specia­list provi­der of short and rail adven­ture trips with 120 employees and around 500,000 custo­mers. The close coope­ra­tion between Ameropa and Deut­sche Bahn will conti­nue after the sale until further notice. Ameropa trips are offe­red in around 7,000 travel agen­cies and about 400 DB travel centers, as well as via the company’s own website and bahn.de.

“Ameropa conti­nues to stand for vaca­tion by rail. Many Ameropa custo­mers are rail custo­mers and we want even more to become so. We also pursued the claim of climate-friendly travel in our search for a suita­ble buyer and are very much looking forward to now conti­nuing the Ameropa success story with Liberta Part­ners,” says Dr. Michael Peter­son, CEO of DB Fernverkehr.

“Ameropa is a tradi­tio­nal company with strong part­ner­ships and inte­res­t­ing growth poten­tial,” said Nils von Wietz­low, part­ner at Liberta Part­ners. “Short city breaks and adven­ture trips are enjoy­ing high demand, and travel by rail is beco­ming incre­asingly popu­lar against the back­drop of the climate debate.”

Florian Korp (photo), part­ner at Liberta Part­ners, explai­ned, “We will help Ameropa realize its poten­tial, expand exis­ting part­ner­ships and deve­lop even more inno­va­tive offerings.”

“I’m looking forward to the new colla­bo­ra­tion with Liberta Part­ners and the remai­ning part­ner­ship with the rail­road,” says Kai de Graaff, who has led Ameropa as mana­ging direc­tor for seven years and will remain with the company in that capa­city, “toge­ther we’re taking Ameropa forward in a decisive way.”

Advi­sors to Liberta Part­ners: ARQIS Rechts­an­wälte (Düsseldorf/Munich)
Mauritz von Einem (Lead; Corporate/M&A and Tax), Dr. Mirjam Boche (Corporate/M&A and W&I), Johan­nes Landry (Corporate/M&A), Marcus Noth­hel­fer (IP), Chris­tian Wege­ner (Tax); Asso­cia­tes: Benja­min Wolf­gang Bandur (Corporate/M&A)

About Ameropa
Ameropa-Reisen GmbH offers travel modu­les and package tours mainly for short city trips (2–4 days) by train in Germany and the DACH region. The offers consist mainly of hotel, travel and enter­tain­ment (musi­cals, concerts, sight­see­ing, etc.). Inter­na­tio­nal offers for luxury and special trains repre­sent another service segment. The company offers its products through part­ner­ships with other tour opera­tors and travel agen­cies (statio­nary and online) as well as through its own sales chan­nels (ameropa.de and its own call center). For more infor­ma­tion, visit: https://www.ameropa.de

About Liberta Partners
Liberta Part­ners was foun­ded in 2016 and is a multi-family holding company based in Munich. Liberta Part­ners invests in compa­nies in German-spea­king count­ries with a clear opera­tio­nal and stra­te­gic deve­lo­p­ment poten­tial, espe­ci­ally in corpo­rate spin-offs and succes­sion situa­tions. These are actively deve­lo­ped within the long-term “100% Core& Care” concept and bene­fit from the inno­va­tive entre­pre­neu­rial under­stan­ding of Liberta Part­ners. The Liberta Part­ners team consists of profes­sio­nals from M&A, Opera­ti­ons and Legal. www.liberta-partners.com

About ARQIS
ARQIS is an inde­pen­dent busi­ness law firm opera­ting in Germany and Japan. The firm was foun­ded in 2006 at its current offices in Düssel­dorf, Munich and Tokyo. Around 45 profes­sio­nals advise dome­stic and foreign compa­nies at the highest level on the core issues of German and Japa­nese busi­ness law. The focus is on M&A, corpo­rate law, private equity, venture capi­tal, employ­ment law, private clients, intellec­tual property, liti­ga­tion as well as real estate law and tax law. www.arqis.com.

Frank­furt a. Main — Baker McKen­zie has advi­sed Berlin-based tech subscrip­tion service Grover on the closing of an asset-based finan­cing. An exis­ting debt finan­cing from Varen­gold Bank AG will be increased to €250 million. With the fresh capi­tal, the Circu­lar Economy company is ushe­ring in the next major phase of growth.

“With the successful closing of the finan­cing round, we were able to support our client in the imple­men­ta­tion of its growth stra­tegy and the further expan­sion of its product port­fo­lio,” commen­ted Dr. Patrick Mitt­mann, the lead part­ner at Baker McKen­zie on the transaction.

Varen­gold Bank AG is a German credit insti­tu­tion that was foun­ded in 1995 and since 2013 has had
has a full banking license. In addi­tion to its head­quar­ters in Hamburg, the bank main­ta­ins bran­ches in
in London and Sofia. The core busi­ness areas are Market­place Banking and Tran­sac­tion Banking.
(Commer­cial Banking), the focus is on coope­ra­tion with Euro­pean fintechs, espe­ci­ally lending plat­forms. The port­fo­lio offe­red includes funding, debt and equity capi­tal markets products, fron­ting services of products requi­ring a banking license and inter­na­tio­nal payment services.

Grover (Grover.com) is one of the Euro­pean market leaders in consu­mer elec­tro­nics rental commerce. As a pioneer of the Access Economy, Grover offers its custo­mers access to the latest tech­no­logy in a flexi­ble, monthly subscrip­tion model. Both consu­mers and busi­nesses can choose from more than 2,000 tech products — from smart­phones and laptops to gaming, VR and smart home gadgets. They bene­fit from special flexi­bi­lity and full usage rights for a frac­tion of the purchase price. Grover’s service allows its users to keep, change, buy or return products depen­ding on their indi­vi­dual needs. Grover rents products in Germany via its own plat­form (Grover.com) and its broad online and offline part­ner network, which includes Euro­pe’s leading elec­tro­nics retail group Media­Markt­Sa­turn as well as Gravis, Conrad and others.

Baker McKen­zie’s Banking & Finance team provi­des ongo­ing support for a large number of German and inter­na­tio­nal loan finan­cings. Regu­lar clients include ING Bank, DZ Bank, LBBW, Commerz­bank, MUFG, UBS, BNPP, DEKA, SCB, RBS and Berlin Hyp.

Legal advi­sor Grover: Baker McKenzie
Lead: Banking & Finance: Dr. Patrick Mitt­mann (Part­ner, Frankfurt)
Other lawy­ers invol­ved: Banking & Finance: Kath­rin Marchant (Part­ner, Frank­furt), Dr. Robert Wippel (Coun­sel, Vienna)

About Baker McKenzie
Baker McKen­zie advi­ses clients to successfully deal with the chal­lenges of globa­liza­tion. We solve complex legal problems across natio­nal borders and legal fields. Our unique culture — grown over 70 years — enables our 13,000 employees to under­stand local markets while opera­ting inter­na­tio­nally. We use the trus­ting and friendly coope­ra­tion in our inter­na­tio­nal network for the bene­fit of our clients.

In Germany, around 200 lawy­ers with proven profes­sio­nal exper­tise and inter­na­tio­nal expe­ri­ence repre­sent the inte­rests of their clients at the offices in Berlin, Düssel­dorf, Frankfurt/Main and Munich. As one of the leading German law firms, Baker McKen­zie advi­ses natio­nal and inter­na­tio­nal compa­nies and insti­tu­ti­ons in all areas of commer­cial law.

Munich — YIELCO Invest­ments AG, a specia­list inves­tor in alter­na­tive invest­ments, has successfully further expan­ded its infra­struc­ture equity fund of funds stra­tegy and announ­ces the successful final subscrip­tion closing of the multi-mana­ger program YIELCO Infra­struk­tur II as well as the launch of two infra­struc­ture manda­tes tota­ling almost EUR 600 million. In addi­tion, YIELCO streng­thens its acti­vi­ties in Switz­er­land by opening a loca­tion in Pfäf­fi­kon (SZ) and gains another private markets expert for its Advi­sory Board.

YIELCO Invest­ments AG, a finan­cial services provi­der specia­li­zing in invest­ment solu­ti­ons (multi-mana­ger programs) in the infra­struc­ture, private debt and private equity sectors, announ­ced on Decem­ber 19, 2019 the final closing of its infra­struc­ture multi-mana­ger program “YIELCO Infra­struc­ture II” at approx. EUR 310 million was carried out. In addi­tion, two large insti­tu­tio­nal infra­struc­ture manda­tes of EUR 280 million were recently won, brin­ging YIEL­CO’s total new funds successfully raised for its infra­struc­ture stra­tegy to almost EUR 600 million.

For the follow-up program to the very successful first program concluded in Decem­ber 2016, the
infra­struc­ture fund of funds, a broad group of German and Swiss insti­tu­tio­nal inves­tors was once again won over. With ten fund subscrip­ti­ons amoun­ting to approx. EUR 270 million, YIELCO Infra­struc­ture II is alre­ady in the final third of its commit­ment cycle. The fund of funds, which focu­ses prima­rily on Europe and the USA, will have a diver­si­fied port­fo­lio of approx. 12 fund holdings in mana­gers (some with rest­ric­ted access) and thus build up more than 150 under­ly­ing infra­struc­ture invest­ments. Invest­ments are broadly diver­si­fied globally across diffe­rent sectors, stra­te­gies and multi­ple commit­ment years. The invest­ment focus here is on brown­field and core+, with a prono­un­ced focus on small-mid market tran­sac­tions. The launch of the follow-up program YIELCO Infra­struc­ture III is plan­ned for the summer of 2020.

Uwe Fleisch­hauer, foun­ding part­ner and board member of YIELCO Invest­ments AG, comm­ents: “Both gene­ra­ti­ons of the YIELCO infra­struc­ture programs show a very plea­sing return deve­lo­p­ment that exceeds the origi­nal plans. Thanks to its many years of expe­ri­ence and broad rela­ti­onship networks, YIELCO has once again succee­ded in buil­ding up a port­fo­lio of high-quality fund mana­gers — despite incre­asing compe­ti­tion and access rest­ric­tions. YIEL­CO’s focus is on expe­ri­en­ced fund mana­gers who proac­tively imple­ment value enhance­ment measu­res at their port­fo­lio compa­nies, buy below market average and aim for mode­rate leverage. We thank our inves­tors for the trust they have placed in us and look forward to a long-term and successful partnership.”

In addi­tion, YIELCO announ­ces the geogra­phi­cal expan­sion of its acti­vi­ties into Switz­er­land. As of Janu­ary 20, 2020, YIELCO has opened an office in Pfäf­fi­kon (SZ) under the manage­ment of Mr. Marc Schulz. Marc Schulz joins YIELCO as a new member of the manage­ment team and was previously branch mana­ger of a Swiss univer­sal bank. Prior to that, he spent more than 10 years at the leading univer­sal bank in the Canton of Zurich, where he held a manage­ment posi­tion in the private client busi­ness. Dr. Peter Laib, Chair­man of the Super­vi­sory Board of YIELCO Invest­ments AG comm­ents: “We are plea­sed to now be able to support our Swiss inves­tors directly with a local team in the imple­men­ta­tion of their alter­na­tive invest­ment stra­te­gies. With Marc Schulz we streng­then oursel­ves with an expert with proven local finan­cial market expe­ri­ence of over 20 years.”

In addi­tion, the addi­tion of Ms. Tanja Gharavi to the YIELCO Indus­try Advi­sory Board was another high-profile addi­tion. Ms. Gharavi was most recently respon­si­ble for invest­ments at Hambur­ger Pensi­ons­ver­wal­tung (HPV) until 2019. Here, it deve­lo­ped and imple­men­ted an inno­va­tive invest­ment stra­tegy with a high propor­tion of private market invest­ments as early as 2001. Previously, Ms. Gharavi was respon­si­ble for mana­ging assets at C.H. Donner Bank, Metz­ler Invest and Beren­berg. Dr. Peter Laib, Chair­man of the Super­vi­sory Board of YIELCO Invest­ments AG, comm­ents: “With Ms. Gharavi we are gaining another expert with many years of expe­ri­ence in the field of capi­tal invest­ments and the private markets for the inter­na­tio­nal YIELCO Indus­try Advi­sory Board. The inten­sive exch­ange with the
members of the Advi­sory Board allows us to add addi­tio­nal value e.g. gene­rate in evalua­ting econo­mic condi­ti­ons and invest­ment oppor­tu­ni­ties for our investors.”

About YIELCO Invest­ments AG
YIELCO is an inde­pen­dent, global, specia­li­zed inves­tor and service provi­der in the field of alter­na­tive invest­ments. As of Q1 2020, the company mana­ges over EUR 3.8 billion in capi­tal commit­ments from insti­tu­tio­nal inves­tors and family offices for the infra­struc­ture, private debt and private equity segments. In the infra­struc­ture sector, YIELCO mana­ges around EUR 1.5 billion in inves­tor funds, mostly for invest­ments in the USA and Europe.

Paris/Frankfurt — With a volume of €3 billion, Ardian is laun­ching its largest private debt plat­form to date — meaning that the fourth gene­ra­tion of the private debt plat­form has signi­fi­cantly excee­ded its origi­nal target of €2.5 billion. The Private Debt unit was estab­lished in 2005 and provi­des finan­cing solu­ti­ons for mid-market compa­nies throug­hout Europe. Ardian’s Private Debt team has comple­ted more than 120 tran­sac­tions since the divi­si­on’s incep­tion and mana­ges $7 billion in assets.

The latest fund has signi­fi­cantly excee­ded the origi­nal fund­rai­sing target of €2.5 billion, buil­ding on the success of the third gene­ra­tion fund, which raised €2 billion in 2015. The focus of the current plat­form remains on provi­ding flexi­ble and indi­vi­du­ally tail­o­red finan­cing solu­ti­ons for Euro­pean compa­nies. The offe­ring was also expan­ded to include so-called “stret­ched senior debt” in order to gain further market share in the M&A busi­ness and in compe­ti­tion with banks. Stret­ched senior debt is a hybrid finan­cing struc­ture that is prima­rily used in corpo­rate acqui­si­ti­ons and dispo­sals and combi­nes various loan tran­ches — simi­lar to unitran­che financing.

More than 90 inves­tors from 15 count­ries have provi­ded funding for the new plat­form, inclu­ding from Europe, Asia and North America. They include insu­rance compa­nies, pension funds, banks, foun­da­ti­ons and govern­ment orga­niza­ti­ons. In parti­cu­lar, the increased share of inves­tors from Asia and North America reflects Ardian’s global posi­tio­ning and diver­si­fied inves­tor base.

Vincent Gombault, Member of the Execu­tive Commit­tee and Global Head of Fund of Funds and Private Debt, said: “With our fifteen-year track record across four fund gene­ra­ti­ons, Ardian has clearly posi­tio­ned itself as one of the leading provi­ders of private debt to Euro­pean mid-market compa­nies. The successful fund­rai­sing is testa­ment to our expe­ri­en­ced invest­ment team, Ardian’s exten­sive asset manage­ment exper­tise and its global network. As a long-stan­ding active player in the private debt market across diffe­rent credit cycles, Ardian is very well posi­tio­ned to seize the oppor­tu­ni­ties arising with the incre­asing rele­vance of private debt in the global finan­cial market.”

Mark Brenke (photo), Head of Ardian Private Debt and Mana­ging Direc­toradded: “The recent fund­rai­sing high­lights the current momen­tum of Ardian Private Debt and the incre­asing attrac­ti­ve­ness of this asset class. Demand for finan­cing from dyna­mi­cally growing mid-market compa­nies in Europe conti­nues to grow. Based on our strong track-record, we will take advan­tage of oppor­tu­ni­ties presen­ted to us through the expan­ded plat­form in its offe­ring and gradu­ally pene­trate areas previously served exclu­si­vely by banks.”

Thanks to a conti­nuously growing team and diver­si­fied global deal flows, Ardian Private Debt has provi­ded more than one billion euros in finan­cing annu­ally over the past years. At the same time, the number of invest­ment oppor­tu­ni­ties under inten­sive review by Ardian has increased signi­fi­cantly. Ther­e­fore, the team acts very selec­tively and focu­ses its selec­tion process to realize only the best opportunities.

About Ardian
Ardian is one of the worl­d’s leading inde­pen­dent invest­ment firms, mana­ging appro­xi­m­ately US$96 billion in assets on behalf of its inves­tors from Europe, South and North America and Asia. The company is majo­rity-owned by its employees and gene­ra­tes sustainable, attrac­tive returns for its investors.

With the objec­tive of achie­ving posi­tive results for all stake­hol­ders, Ardian’s acti­vi­ties promote indi­vi­du­als, compa­nies and econo­mies world­wide. Ardian’s invest­ment philo­so­phy is aligned with the three guiding prin­ci­ples of excel­lence, loyalty and entrepreneurship.

The company has a global network of more than 640 employees and 15 offices in Europe (Frank­furt, Jersey, London, Luxem­bourg, Madrid, Milan, Paris and Zurich), South America (Sant­iago de Chile), North America (New York and San Fran­cisco) and Asia (Beijing, Seoul, Singa­pore and Tokyo). Ardian mana­ges the assets of its appro­xi­m­ately 1,000 inves­tors in five invest­ment areas: Direct Funds, Funds of Funds, Infra­struc­ture, Private Debt and Real Estate.

Hamburg — Asto­rius successfully closed its private equity fund of funds Asto­rius Capi­tal PE Fonds IV (“ACF IV”) at the maxi­mum size of 81 million euros. The invest­ment focus is tradi­tio­nally on buyout and growth stra­te­gies in the Euro­pean midmarket.

“Asto­rius Capi­tal PE Fund IV is our largest private equity product for semi-profes­sio­nal inves­tors to date, making it one of the most successful place­ments in this segment in the German market,” said Julien Zornig (photo), part­ner at Asto­rius Capi­tal. In addi­tion to many new inves­tors, a large propor­tion of repeat custo­mers are now among the subscri­bers who imple­ment the model of gradual port­fo­lio buil­ding with Astorius.

The total volume of ACF IV of 81 million euros repres­ents the most successful fund­rai­sing in the company’s history to date. “The signi­fi­cant increase in volume but also the high propor­tion of repeat subscri­bers shows that we have firmly estab­lished oursel­ves in the market as a fund of funds specia­list,” adds Zornig.

Attrac­tive portfolio
“The port­fo­lio is alre­ady almost fully inves­ted with six target funds,” explains part­ner Thomas Wein­mann. In addi­tion to four coun­try funds and two Pan-Euro­pean funds, at least one more target fund will be linked to close the invest­ment. A number of corpo­rate invest­ments have alre­ady been acqui­red by the target funds, and Asto­rius expects to acquire around 70 corpo­rate invest­ments at peak.
“The market envi­ron­ment remains posi­tive for medium-sized company invest­ments. The past few years have been charac­te­ri­zed by stable, attrac­tive purchase price levels, which is reflec­ted in the plea­sing results of the prede­ces­sor funds,” says Weinmann.

Chal­len­ging inves­tor environment
In addi­tion to private indi­vi­du­als, smal­ler insti­tu­tio­nal custo­mers and foun­da­ti­ons were again attrac­ted as inves­tors. “We have contin­ued to focus on the needs of our direct custo­mers and part­ners and are constantly acting on the latest legal requi­re­ments” under­lines Julien Zornig. In addi­tion, Thomas Wein­mann empha­si­zes that “the trans­pa­rency crea­ted by Asto­rius and the insti­tu­tio­nal selec­tion process, which we are conti­nuously impro­ving, remain a decisive factor.”

About Asto­rius
Asto­rius was foun­ded in Hamburg in 2012 and is now one of the leading German provi­ders of private equity invest­ment solu­ti­ons for semi-profes­sio­nal clients. The invest­ment and wealth experts offer inves­tors the oppor­tu­nity to invest in funds of funds laun­ched by Asto­rius. More than 900 Euro­pean fund mana­gers are evalua­ted for this purpose with the help of a proprie­tary data­base in an insti­tu­tio­nal analy­sis process.

The Asto­rius funds of funds successfully laun­ched to date invest exclu­si­vely in high-growth medium-sized compa­nies in Europe. Asto­rius also advi­ses family offices on their private equity invest­ments and invest­ment stra­te­gies. In this fast-growing busi­ness segment, the wealth and invest­ment profes­sio­nals recently mana­ged an invest­ment volume of more than 650 million euros.