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Constellation IV closes at EUR120 million hard cap

Constellation, a small-cap buyout specialist with a distinctive Buy-&-Build investment strategy focused on services companies in the DACH region, has closed Constellation IV at its hard cap of EUR120 million.

Besides commitments from returning investors which included the entrepreneurs that form part of Constellation’s Industry Partner network, Constellation was pleased to have received commitments from several high quality international investors from France, Germany, Switzerland, the US and Asia. They include fund-of-funds, family offices, universities, foundations, endowments and a state pension fund.

 
In line with Constellation’s predecessor fund, Constellation IV follows the same investment strategy and is focused exclusively on management buyout investments in “asset light” service companies in German-speaking Europe in the following sectors: Business Services, Healthcare, Education & Lifestyle and Financial Services.
 
The Fund’s objective is to accelerate the organic growth of the companies, that usually generate revenues between EUR20-80 million, through a systematic programme of add-on acquistions. Working closely with its group of experienced Industry Partners (owners, CEOs, CFOs), Constellation pursues its value creating investment strategy at eye-level with the entrepreneurs and managers.
 
The Constellation IV Fund has already made majority investments in the following four companies:
 
– Dent Wizard (www.dentwizard.de)
- Douteil (www.douteil.de)
- Roth AG (www.roth.ch)
- Rehms (www.rehms-gmbh.de)

Within the next 24 to 36 months an additional four to six majority investments in German-speaking Europe are envisaged.
 
Ralf Flore, Managing Partner at Constellation says: “We are very pleased with the strong interest the new fund has generated and by the faith our investors have entrusted in our ability to generate attractive returns through our very distinctive sourcing and build-up strategies”.

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