German private equity firm capiton has closed its sixth private equity fund capiton VI, with EUR504 million in capital commitments from a diverse investor base.
The fund, capiton’s largest to date, will continue its proven sector-focused investment approach of pro-actively sourced primary deals in the German-speaking region.
“The successful closing of our sixth and yet largest fund represents an important milestone in capiton’s long-standing history,” says Manuel Hertweck, Managing Partner and Board Member of capiton. “It is a testament to our strong track record, expertise in our defined sectors and outstanding reputation amongst entrepreneurs who seek a partner to take their business to the next level. On behalf of the capiton management team, I would like to thank our high-quality pool of existing and new investors for their trust and commitment.
“With the capital raised for capiton VI, we will continue to follow our successful investment strategy of acquiring majority and minority interests in leading mid-market firms, helping them realize their full potential and creating long-term value with a strong emphasis on ESG.”
capiton VI was subscribed to by a diverse group of investors entirely virtually including a strong re-up rate of long-standing existing investors as well as new blue-chip institutional investors. The fund will invest in majority and minority holdings with a focus on primary transactions in the targeted high-growth sectors of Pharmaceuticals, Medical Technology, Industrial Technology and Responsible Consumption. Upon closing, capiton VI has already committed 36 per cent of its fund volume for platform investments in seven portfolio companies.
capiton’s key assets are its long history and experience in the Mittelstand in the DACH region – with more than 85 per cent of all transactions sourced directly from owners – and a diverse investment team, composed of senior and long-tenured professionals as well as a growing pool of young investment talent. The firm is committed to growing its investment team and to retain and develop exceptional talent from within.
Lazard acted as placement agent, and Pöllath + Partner as legal counsel for capiton VI.
