Paragon closes Fund II on €412m

Paragon's Fund II will follow the strategy of its predecessor, focusing on privately held Mittelstand companies and non-core subsidiaries of larger companies.

It will look to invest in buyouts in German-speaking Europe and is not averse to turnaround situations and restructurings. Typical transaction values are between €30-150m.

The GP raised the money in approximately three months from both existing backers and new investors.

The Munich-based fund is advised by a team of 10 professionals, including Edin Hadzic, co-founder and managing partner of Paragon.

Since inception in 2004, Paragon has completed 18 investments and exited 11, and has more than €650m of capital under management.

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• Topics
• DACH
• Buyout
• Germany
• Paragon Partners GmbH