Buy_Out Central Europe II holds final closing

01 February 2008

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Fund

Buy_Out Central Europe II Beteiligungs-Invest AG has held the final closing on the target of EUR150m, one month earlier than expected. Fundraising began in May 2007 and the fund achieved a first close on EUR100.6m at the end of June 2007 (September 2007, page 8). This enables the fund to close transactions of up to EUR450m volume.

The fund is managed by Buy_Out Central Europe, a private equity team set up by Kurt Stiassny, former chairman of Unternehmens Invest AG, and Michael Tojner, the founder and CEO of Global Equity Partners. The fund has a lifespan of 10 years with a two-year extension period and is structured as an Austrian limited company. The investment period amounts to 60 months. Terms and conditions are described as following the industry standard. Liebenwein Rechtsanwalte provided legal advice to the fund, although no placing agent was used for the fundraising process.

Investors

Buy_Out Central Europe II has attracted commitments from a variety of Austrian entrepreneurs, foundations, institutional investors and corporations. The Oberbank AG is acting as a cornerstone investor, investing about 25%.

Investments

The fund will target buyout opportunities, but can also provide growth capital for company expansions. Primarily, the fund will invest in the German-speaking region, as well as central and Eastern Europe (with local partners). Targeted companies have a turnover between EUR30-300m. The signing of the first buyout took place in October 2007, when Buy_Out Central Europe II acquired the Tiroler Rohren- und Metallwerke AG and Buderus Giesserei Wetzlar GmbH (January 2008, page 37-38).

People

Kurt Stiassny and Herbert Roth manage the fund with the support of six investment professionals.

Name

Buy_Out Central Europe II Beteiligungs-Invest AG

Closed on

EUR150m

Focus

Buyout

Contact

Kurt Stiassny

Address

Buy_Out Central Europe II Beteiligungsgruppe