Odewald raises €200m for second fund

The GP started fundraising in January 2015, after the previous fund was fully invested in December 2014. The fundraising for the second vehicle ended with a final close on the hard-cap in September.

Odewald's first vehicle held its final close on €150m in April 2008 and made eight acquisitions by the time it was fully invested. Three of these have been exited so far. 

Investors
Most of the fund's backers are institutional investors, but wealthy individuals and family offices committed as well. The backers are mainly from the German-speaking region of Europe.

Investments
The fund will follow a similar strategy to its predecessor, investing in so-called "first-generation companies", which have been founded within the last 10-30 years and generate sales in the region of €20-100m. The sector focus is on engineering, service solutions and healthcare. Odewald stated that it seeks to fund add-on acquisitions for its portfolio companies as well.

People
Heiko Arnold, Joachim von Ribbentrop and Oliver Schönknecht are partners at Odewald KMU.

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