GAMMA III conducts final close on EUR32.6m

01 January 2009

Tweet
Facebook
LinkedIn
Google plus
Send to

Fund

GAMMA capital partners has held the final close of its third fund GAMMA III on EUR32.6m. Structured as a Luxembourg limited partnership (SICAR), the fund was launched in October 2006 with a target of EUR75m and a hard cap of EUR100m. After the previous close was achieved at the end of 2007, gamma had garnered significant interest from a number of investors, which, however, were unwilling to make commitments in the current market turbulences, leading to the final close.

Terms and conditions are described as market standard. Candela Capital is acting as a placing agent to the fund, while Oostvogels Pfister Feyten provided legal advice.

Investors

The majority of existing LPs from gamma capital partners' previous two funds have re-upped with larger ticket sizes. The minimum investment for institutional investors is EUR1m and EUR125,000 for private investors.

Investments

GAMMA III takes minority stakes in 12-20 fast-growing technology companies in the areas of information & communication technologies (ICT), electronics, life sciences with focus on medtech, specialty and materials, and renewable energy/cleantech. Equity investments range from EUR500,000-4m.

The fund's geographical focus is diversified, with two-thirds of the fund to be invested in the DACH region, while the remainder reserved for investments in the Czech Republic, Slovakia, Hungary and Slovenia.

GAMMA III has already invested in six companies, such as Liechtenstein-based biotechnology company Pantec Biosolutions, when it led a CHF 6.3m series-A round (February 2008, page 30).

People

The fund is managed by the three partners: Oliver Grabherr, Klaus Matzka and Burkhard Feurstein, who are supported by five investment professionals.

Name: GAMMA III

Final close: EUR32.6m

Focus: Early-stage, DACH, CEE

Contact: Klaus Matzka

Address: Reisnerstrasse 40/3

A-1030 Vienna

Austria

Tel: +43 1 5131072 0

Fax: +43 1 5131072 200

k.matzka@gamma-capital.com