BPE closes third fund on €125m target

BPE's previous fund, BPE 2, closed on €100m in June 2005.

The spinout of the Berenberg Bank officially closed BPE 3 in February this year.

Investors
The fund-of-funds held a first close in October 2012 on €55m, having secured commitment from German institutions, family offices, international funds-of-funds and private individuals.

Investments
BPE 3 will invest in 10-12 German Mittelstand businesses that offer opportunities in succession planning, corporate divestitures and buy-and-build strategies. It also seeks to invest in underperforming businesses.

The firm is planning to invest €8.5m on average per company, while offering the possibility of co-investments.

It is also interested in management buyouts and management buy-ins of companies with revenues of €10-100m.

The vehicle will also seek co-investment opportunities.

People
Andreas Odefey is a founding partner at BPE.

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

• Topics
• DACH
• Germany