Patrimonium launches €200m buyout fund

The fund was launched following the sale of CCS Group, the last portfolio company in the GP's previous fund (ZM Opportunity II).

The new vehicle is targeting a gross money multiple of 2.5x and a 20% IRR, based on the firm's track record of 2.5x and 42% IRR on 28 transactions.

The fund was registered in Luxembourg in April and has standard terms and fee structure.

Patrimonium declined to comment on any aspect of the latest fundraise.

Investors
The fund will mainly be marketed to institutional investors in Europe such as fund-of-funds, pension funds, insurance companies and large family offices. The GP will make a 2% commitment.

Investments
Patrimonium will target DACH-based companies with turnover between €20-150m and enterprise values of €10-120m. It will focus on buy-and-build and digital transformation opportunities to support its portfolio companies with international expansion.

People
Patrimonium Group – Werner Schnorf (managing director).

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• Topics
• Funds
• Buyout
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• Zurmont Madison Management