
Invision reaches €285m hard-cap
Swiss GP Invision Private Equity has exceeded its €250m target, closing its fifth fund on €285m.
The successful close comes after the DACH-focused firm purchased German fire protection business Kraft & Bauer Brandschitzsysteme in May. The deal marked the final investment from Invision IV, which closed in excess of CHF 300m in November 2008.
Probitas Partners acted as placement agent. SJ Berwin acted as legal adviser.
Investments
Invision V will retain the same investment strategy as its predecessors: investing in companies with an enterprise value of between €30-100m, throughout Germany, Austria and Switzerland.
The GP plans to invest in growth companies across various sectors. However, the team has a preference for businesses operating within the information technology and telecommunications, medical technology, financial services and media & entertainment sectors.
Investors
Commitments came from institutional investors based in the UK, Europe and the US.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater