Successful Final Closing of Finatem III Fund
With effect of June 30, 2011 Finatem had the final closing of Finatem III 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.
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.