Artemis Capital Partners (Artemis), an industrial technology-focussed private equity firm, has held the final close of its second fund, Artemis Capital Partners II after hitting the fund’s hard cap in September 2018 in an oversubscribed fundraise.
“We are humbled by the support we received from our existing base of Limited Partners and are delighted to welcome several new top-tier institutional partners,” says Peter A Hunter, Founder and Managing Partner of Artemis. “With capital from our new fund and that of our co-investors, we will continue our focus on acquiring and growing profitable industrial technology companies in close partnership with our management teams and look forward to a successful second fund.”
To date, Artemis has made two industrial technology platform investments in its new fund. The Fund’s first investment, StanChem Polymers, is a specialty chemicals manufacturer based in East Berlin, Connecticut and the Fund’s second investment, Superior Technical Ceramics, is a leader in advanced ceramic materials based in St. Albans, Vermont.
Artemis will continue its focus on acquiring founder/family-owned manufacturers of differentiated industrial technologies in the lower middle market with high-margin, growing end markets and product applications.
Morgan Lewis & Bockius LLP served as legal counsel to the Fund.
