Technology scale-up firm Endeit Capital has extended the fundraise for Endeit Capital III, bringing its total volume from EUR 250m to EUR 303m with additional commitments from Germany’s KfW and several existing LPs.
Management of the German industrial fixings supplier will reinvest with a minority stake
Management and founders will retain a 25% stake in the Spanish IT services group; bolt-ons planned under new owner
Around 40% larger than its predecessor, the new fund was raised in less than six months, managing director Johanna Barr tells Unquote
New majority owner will seek to expand the Finnish green building services specialist across Europe