Capvis Announces Final Closing of Capvis V
- Capvis, a leading mid-market investor in Europe, is pleased to announce the final closing of Capvis Equity V LP (Capvis V) with capital commitments of just under EUR 1.2 billion. Based on the strong demand from investors, Capvis V comfortably exceeded both its target of EUR 1.0 billion and the EUR 0.7 billion size of Capvis Equity IV LP. Capvis V attracted capital from both existing investors and major new investors from around the globe, extending Capvis' relationships in North America, the Middle East and Asia. Investors in Europe, in particular the DACH region, remain well represented and the investor base includes renowned public and corporate pension funds, insurance companies, sovereign wealth funds, asset managers and family offices. "We are delighted that so many high-quality investors have demonstrated confidence in our team and investment strategy by committing to Capvis V. Capvis' ability to make excellent investments and return substantial capital to investors has resulted in a highly successful fundraise," says Rolf Friedli, Partner at Capvis Equity Partners AG. "Capvis' core markets are expected to generate a continued flow of highly attractive investment opportunities. Our team's extensive experience in the industry and a long history of working together, makes us a credible, trusted partner with a reputation for excellence. We will continue to focus on maintaining our competitive edge and writing success stories together with management teams," adds Daniel Flaig, Partner at Capvis Equity Partners AG. Philippe Bucher, Partner at Capvis Equity Partners AG, additionally comments: "Capvis' positive developments over the last few years, alongside the strengthening of the team and the professionalisation of the organisation, have been recognised. We would like to take the opportunity to thank both new and existing investors for their trust and support and look forward to building on mutually valuable and close long-term relationships." Building on the proven investment strategy of the previous funds, Capvis V will invest in leading mid-sized companies in the Industrial Corridor of Europe (Switzerland, Germany, Austria, Italy, and Benelux). The Capvis team will, together with management teams, continue to implement its value creation oriented approach aiming to build successful, sustainable businesses and creating global and regional leaders. Capvis V has already started its investment activity with the acquisition of Amann Girrbach, a leading innovator and preferred full-service provider in digital dental prosthetics headquartered in Austria. MVision Private Equity Advisers Limited acted as exclusive global fundraising adviser. Latham & Watkins acted as legal counsel. About Capvis Capvis is a leading European mid-market investor. For more than 25 years Capvis has focused on making major controlling investments in mid-market companies, often as part of succession or corporate spinoffs. Capvis targets companies which are know-how and technology driven in the areas of Manufacturing Technology, Engineered Products and Advanced Services. Within these areas Capvis looks for regional champions in their local markets and global niche market leaders where expansion and internationalisation are assisted by the market advisers in China and in the USA. Capvis Equity Partners AG is the exclusive adviser to the general partners of the Capvis Funds. Contact Capvis Equity Partners AGJulie Darbellay Head Investor Relations Phone: +41-43-300-58-38 [email protected]