ADCURAM closes first fund on €150m
ADCURAM Group has held a final close on its maiden fund, amounting to around €150m.
Together with ADCURAM's cash reserves, the firm now has approximately €250m to deploy for acquisitions.
SJ Berwin acted as the fund's legal counsel, led by partner Sonya Pauls, supported by Benjamin Letzler, Simon Kreft, Christian Schatz and Christian Boecker.
Investments
The fund is targeting European companies, predominately in the DACH region. Target companies should have an enterprise value of around €150m. ADCURAM is looking to do three to four transactions a year. Deals could include expansion funding, restructuring and carve-outs of non-core businesses.
Investors
ADCURAM drew on its existing investor base, including family offices and pension funds from Australia, Denmark, Germany and Switzerland to raise the fund.
People
Florian Meise and Thomas Probst, both co-founders and board members of the group, are responsible for the fund.
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