Invision closes sixth flagship fund on €375m

Registered in Jersey, the fund was launched in June 2018 and held a first close on €187m in November.

Invision raised €285m in 2013 for Invision V, exceeding its €250m target, and raised CHF 350m for Invision Hospitality in 2015. The final acquisition for Invision V was Kadi in December 2018. The company purchased the Switzerland-based frozen foods producer from Paragon in a tertiary buyout.

Clifford Chance provided fund structuring advice and Quest Fund Placement acted as sole placement agent for the fund.

Investors
Both DACH-based and international LPs contributed to the fund. Specific LPs were not named; however, investors in Invision VI's predecessor include Switzerland-based Nest Sammelstiftung, Austria-based Capital Bank, and the New York State Common Retirement Fund. Nest Sammelstiftung also invested in Invision Hospitality.

Investments
The fund will invest in companies with enterprise values of between €30-100m across the DACH region.

The fund will provide equity tickets between €25-45m and will be used for buyouts, minority investments and other growth capital deals. The GP usually invests in the consumer, healthcare, technology and industrials sectors primarily in Germany and Switzerland. During its lifecycle, the vehicle will make around 10-12 deals.

The firm's strategy for portfolio companies will include growth through product development and customer acquisition, digitalisation enhancements, internationalisation and acquisitions, following in the footsteps of Invision IV and Invision V.

People
Invision – Frank Becker (managing partner); Martin Staub (partner).

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• Topics
• Funds
• Buyout
• DACH
• Invision Private Equity AG
• Clifford Chance
• Quest Fund Placement