Zurmont Madison exceeds CHF 200m target

01 January 2009

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Fund

Zurmont Madison Management AG has reached the final closing of its new fund, Zurmont Madison Private Equity LP, based in Jersey, with total commitments of more than CHF 250m, exceeding the original target fund size of CHF 200m. The GP contribution is approximately 5%, with management fees at 2.25%, 7% hurdle and 20% carry. The fund has a lifespan of 10+1+1 years. Its first closing occurred at the end of May 2007.

Zurmont Madison Management was supported in its fundraising by asset managers de Pury Pictet Turrettini & Co of Geneva and placement agent Palomar Private Equity Ltd, while Walder Wyss & Partners provided legal advice.

Investors

More than one third of the investors had already participated in the former Zurmont Madison investment companies. The investors of Zurmont Madison Private Equity LP include Swiss and international institutional investors (55%), Swiss pension funds (23%) as well as private individuals and family offices (22%). About 55% of the investors are from Switzerland; the rest are based in Europe and the US.

Investments

Zurmont Madison Private Equity LP makes controlling investments in the course of successions of family-owned enterprises and of management buyouts/buyins, as well as in corporate spin-off situations. The main emphasis is on established industrial and consumer goods companies with a strong market position and a good potential for growth. The target companies have annual revenues starting at approximately CHF 30m. The fund anticipates a total of 10 investments. Having made two so far, the vehicles expects to make two to three investments per year going forward. Geographically, the fund anticipates to do half or more investments in Switzerland, a few in Austria and the rest in Germany.

The portfolio already contains majority investments in the German tent system manufacturer and global event service provider Roder Zeltsysteme AG and the Swiss metallurgy specialist SMB SA in the canton of Ticino.

People

Partners Werner Schnorf, Guido Patroncini and Bjorn Bockenforde are supported by four investment professionals.

Name: Zurmont Madison Private Equity LP

Closed on: CHF 250m

Focus: Buyout, DACH

Contact: Zurmont Madison Management AG, Andreas Ziegler

Address: Eisengasse 15

PO Box 272

CH-8034 Zurich

Switzerland

+41 44 267 50 00

Advisers: Palomar Private Equity Ltd, Zurich (Placement agents)