Invision in excess of CHF 300m for Invision IV

01 November 2008

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Fund

Invision Private Equity AG has closed Invision IV Limited Partnership on more than CHF 300m (EUR185m) at the beginning of October 2008, surpassing the fund's original target of EUR175m. The fund is based in Jersey and its lifespan is 10+2 years. The minimum subscription was set at EUR2m, with 3% of the fund contributed by the GP. Terms and conditions were described as classical. The placement agent was AXON, while legal advice was provided by SJ Berwin.

Investors

The fund's investors encompass pension funds, family offices, funds-of-funds as well as other finance investors and private investors, many of which are historical investors. Around 80% of investors are based in the DACH region, with the remainder mainly from Europe.

Investments

The fund will close three investments per year, acquiring stakes of between 30% and 100% of companies in transactions valued at between EUR5m and EUR50m. Targets will be European businesses that distinguish themselves through a proven business model and significant growth potential with a turnover between EUR5m and 100m. 60% of investments will be located in the DACH region, and 40% in the rest of Europe. While able to invest in a wide range of industries, Invision IV will put an emphasis on information and communication technologies, medical technology and also innovative services and products.

Since 2007, the fund has already closed four investments: Shop Display, a Swiss marketing company; RSD, a Swiss achiving specialist; Swiss Education Group (SEG), a hotel management school; and Feintechnik, a German razorblade manufacturer.

People

Frank Becker, Invision's managing partner, heads a team of 13 investment professionals in Zug, Switzerland.

Name: Invision IV Limited Partnership

Closed on: CHF 300m November 2008

Focus: Europe, growth, buyout

Contact: Frank Becker

Address: Invision Private Equity AG

Grafenaustrasse 7

CH-6304 Zug

Switzerland

Tel: +41 41 729 01 01

Advisers: SJ Berwin (Legal)