Capvis achieves final closing on EUR600m

Fund

Capvis Equity Partners AG, which advises the Capvis funds, has achieved the final closing of Capvis Equity III LP on its hard cap of EUR600m (or around CHF 1bn) of commitments. The fund was substantially over-subscribed and exceeded its original target of EUR500m. The fund was launched in April 2007 and closed at the end of February 2008. The lifespan is 10 years with a two-year extension. Terms and conditions were described as industry standard.

MVision Private Equity Advisers served as global financial adviser and exclusive placement agent. Latham & Watkins provides legal advice. Ogier served as legal adviser in Jersey. Ernst & Young served as tax adviser and auditor.

Investors

Commitments were secured from more than 40 prominent institutional investors with approximately 35% of the fund from Switzerland or being managed by Swiss institutions, 40% from the rest of Europe, 20% from North America and 5% from the rest of the world. In terms of diversification among investor type, 20% of the commitments came from public and corporate pension funds, 10% from endowments/family offices, 30% from financial institutions and 40% from fund-of-funds. In addition, Capvis secured important new commitments from Europe, North America, the Middle East and Asia.

Investments

Capvis will take controlling equity interests and work as an active partner with management teams in company spin-offs, succession solutions and shareholder buyouts of leading mid-sized companies, typically with EUR50-400m in enterprise value. Investments will be made in the DACH region, with an emphasis on Switzerland.

Name: Capvis Equity III LP

Closed on: EUR600m

Focus: Mid-market, generalist, DACH

Contact: Rolf Friedli

E-mail: rolf.friedli@capvis.com

Address:

Capvis Equity Partners AG

Talacker 42

CH-8022 Zurich

Tel: +41 43 300 5858

Advisers:

MVision Private Equity Advisers (Financial adviser & placement agent)

Latham & Watkins (Legal)

Ogier (Legal - Jersey)

Ernst & Young (Tax & auditing).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyout
• DACH