SHS III, the third fund managed by Tübingen-based SHS Gesellschaft für Beteiligungsmanagement, has raised EUR 40m from investors in Germany and across Europe. The fund is geared to financing young, innovative companies in the life sciences and healthcare industries. SHS expects the final close of SHS III on EUR 70m by the end of 2008.
Fund has raised €1bn of its €1.1bn target and plans to hold a final close in Q1 2020
GP will take a minority stake, with the Reisenthel family as majority shareholders
Horizon expects to merge the two IT services providers to create a business with 300 developers
Firm is investing from Paine Schwartz Food Chain Fund IV, which closed on $893m in 2014