Finatem, a Germany’s lower mid-market private equity firm, announced the first closing of Finatem III at € 120m.
This closing represents 80% of its target size of € 150m and equals the size of its previous fund, Finatem II, which is now fully invested.
Over 70% of commitments have come from institutional investors and 60% of the amounts subscribed are from international investors.
The fund will continue Finatem’s strategy of acquiring majority stakes in buy-outs of German small and medium sized enterprises (SMEs) focusing on enterprise values between €20 and €50m and revenues between €25 and €125m that have potential for operational driven value enhancement.
FinSMEs
18/01/2010