BPE 3 holds first close at €55m

The fund is expected to reach a €125m final close. It will focus on small-cap German MBOs and MBIs, similar to its two predecessor funds.

BPE was founded in Hamburg in 1998. Its previous fund, BPE 2, closed on €100m in June 2005 – its portfolio includes Domilens, GHM Messtechnik and Karl Kemper.

Investors
The fund has so far secured commitments 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.

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

• Topics
• Buyout
• DACH
• Germany
• BPE Unternehmensbeteiligungen (BPE Private Equity)