FINATEM

News


back to overview
07.07.2011
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.