S-Refit AG acquires ANTARES

Regensburg-based S-Refit AG, the Bavarian venture capital management firm owned by the local Sparkassen, has acquired ANTARES Beteiligungsgesellschaft für den Mittelstand Bayern KG, based in Hof/Saale, and ANTARES Beteiligungsgesellschaft für den Mittelstand Sachsen KG, based in Chemnitz. Both firms were sold by Hof/Saale-based private bank SchmidtBank KGaA. The ANTARES venture capital firms usually invest between EUR 300,000 and EUR 3m into small- and medium-sized enterprises and start-ups.

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