Finexx closes first fund on €35m

Finexx had previously co-invested in the buyout of pipe manufacturer Widos alongside Hannover Finanz and has now announced its first majority-stake deal with the buyout of health supplement retailer GSE Vertrieb.  

The firm was founded in 2014 by former BWK CEO Matthias Heining and Markus Seiler (former chief innovation officer at packaging company GEA Group).

The fund will be approximately 28% deployed after the GSE transaction. 

The vehicle has an investment period of one year and is expected to make 2-4 investments in this time.

Investors
The fund's LP base comprises mostly insurance companies and institutional investors, according to a press release. French fund-of-funds manager Access Capital Partners has backed the vehicle, Unquote understands.

Investments
The fund will invest in small and medium-sized German companies with sales of €10m or more. It will make equity investments of €5-20m in companies in the business services, technology and manufacturing industries.

People
Finexx – Matthias Heining, Markus Seiler (partners).

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• Topics
• Funds
• Buyout
• DACH
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