Finatem Beteiligungs GmbH has sold a 51% stake in Hügel, a German manufacturer of automotive components to Linz-based voestalpine AG for an undisclosed amount. The financial investor had previously acquired the company for approximately EUR 54m in August 2001. Bank of Scotland provided a debt package valued at around EUR 34m.
Deal marks the third investment in the insurance sector and Pollen Street's second investment from PSC IV
Sedef Köktentürk joins as a managing partner and chief operating officer and will focus on areas including impact
Fund exceeded its target of €450m by €90m and was "significantly" oversubscribed
BGF exited 20 businesses in 2020 with an average money multiple of 1.9x and an aggregate IRR of 26%