HQ Equita closes fifth fund on €308m

The fund is established in Germany as a GmbH & Co KG, and is approximately the same size as its predecessor. The fund's target was €400m, according to Unquote Data.

Equita Fund III closed on €315m in 2007 and the firm raised another €135m in the form of Equita CoVest as a complementary fund in 2012. A spokesperson for the firm told Unquote that if required for the purchase of some particularly attractive targets, the firm would be open to raising a similar complementary fund in the future.

Equita V already has four portfolio companies, including nutrition products producer Well Plus Trade, packaging machine manufacturer The Packaging Group, transportation system manufacturer R2P, and IT software distributor Ebertlang.

The fund close follows a change in management that saw Christine Weiß promoted to the position of partner and managing director in March 2019. A spokesman for the firm told Unquote: "The fund is a great basis for the next generation of management to move forward. We saw more interest from investors than in predecessor funds, particularly from Asian LPs."

Investors
HQ Equita's spokesman told Unquote that around 75% of the LPs in the firm were from Europe with several major stakes taken by Asian investors.

Harald Quandt Holding is an anchor investor. Other types of investors include endowments, institutional investors and entrepreneurial families.

Investments
The fund will follow its predecessor by focusing on companies in industrials, IT and retail, though it will maintain a generalist approach. It will focus on small- and medium-sized companies in the DACH region that generate sales of €20-150m. It is likely to invest in between six to nine portfolio companies and will look to make bolt-ons.

People
HQ Equita – Christine Weiß (partner, managing director); Bernd Türk (managing director, chairman of the executive committee of HQ Capital).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Funds
• Buyout
• DACH
• HQ Capital
• Family Offices
• Germany