capiton V holds first close

The fund is aiming to raise €400m, with a hard-cap of €425m. Having launched three months ago, capiton aims to hold a final close before the end of the year.

Its previous vehicle held a final close in November 2009 on €350m. The firm currently has 14 portfolio companies.

Investors
Three quarters of investors in the vehicle have previously committed to at least one capiton fund. Backers include funds-of-funds, pension funds, banks, insurance companies, family offices, endowments and high-net-worth individuals.

Investments
capiton V will target mid-market firms in German-speaking Europe. It aims to take both minority and majority stakes through management buyouts and growth capital investments.

People
Manuel Hertweck is managing partner at capiton.

Advisers
Equity – P+P Pöllath + Partners, Amos Veith (Legal).

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• Topics
• DACH
• Buyout
• Germany
• capiton AG