Capvis holds final close on €1.2bn

The vehicle was launched at the end of 2017 and made its first and only investment in Austrian dental prosthetics business Amann Girrbach in April 2018.

It marks a significant increase on Capvis IV, which launched with a €600m target in February 2013 and closed on its €720m hard-cap, 11 months later.

The strategy remains unchanged from the previous fund, which made nine investments in DACH and Italy-based companies with enterprise values between €100-500m.

MVision Private Equity Advisers acted as placement agent for the raise and Latham & Watkins acted as legal counsel. The fund is domiciled in Jersey.

Investors
Capvis said it attracted capital from both new and existing investors from North America, the Middle East and Asia while European and DACH-based LPs also remained well represented.

New York State Teachers' Retirement System made a €75m commitment and German asset manager Wave Management has also backed the vehicle, according to Unquote Data.

Investments
The new fund will target control positions in companies with headquarters in the DACH and Benelux regions, as well as Italy and Liechtenstein. It will invest in buyouts of companies with enterprise values between €100-500m in the industrial, technology and business services sectors.

People
Capvis Equity Partners – Rolf Friedli, Daniel Flaig, Philippe Bucher (partners).

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