Ufenau closes fifth buyout fund on €227m

The fundraising for the oversubscribed vehicle, which had an initial target of €200m, took Ufenau four months. Axon Partners acted as placement agent and Arendt & Medernach provided legal advice.

Ufenau almost doubled the fund size compared to its last vehicle, Constellation IV, which closed on €120m in December 2014.

Investors
The fund received commitments from returning and new investors. Commitments from institutional investors range from €1.5-35m per ticket.

Ufenau V has 80 investors; 50 of them are industry partners and high-net-worth individuals, the rest are institutional investors. The vehicle attracted LPs from the US, the DACH region, France, the UK, France and Asia. With 37%, the largest investments came from the US.

Investments
Ufenau V pursues the same investment strategy as its predecessors. It applies a buy-and-build strategy for service companies in Germany, Switzerland and Austria, with revenues between €15-150m. The fund focuses on business services, education and lifestyle, healthcare, and financial services.

Within the next three to five years, the fund expects to invest in 10-12 companies. Ufenau expects to make the first investment in Q4 2016.

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• Topics
• Funds
• Buyout
• DACH
• Switzerland