Every day counts - Deutsche Beteiligungs AG

54
www.harvpart.com
Harvest Partners IV pursues a
similar investment strategy to
that of Harvest Partners III,
concentrating on the acquisition
of established businesses in
partnership with their
managements. More about the
management company Harvest
Partners and their investment
strategy on page 52.
www.quartus.fr
We sponsored the management
company Quartus Gestion S.A.
(Paris) collaboratively with a
team of experienced French
fund managers in 1998. Financial
investors have committed
the sum of 111 million euros to
Quartus’ first fund. The fund
primarily invests in buyout
concepts and expansion financing
in France. Deutsche Beteiligungs
AG is the lead investor in
the fund, committing the sum of
34.5 million euros. By October
31, 2003, we had disbursed a
total of 15.5 million euros to the
fund; 2.5 million euros have
already been returned.
Harvest Partners IV
New York (USA)
Fund volume US $ 558 million
First invested in October 2001
Harvest Partners IV is the follow-on fund to Harvest Partners III. Both funds purchased
Associated Materials Inc. (Akron, Ohio, USA, www.associatedmaterials.com) in
2002. This enterprise is a leading vertically-integrated manufacturer and distributor of
exterior building products largely used to repair or remodel homes. Associated Materials’
very satisfactory progress has surpassed the forecast.
In 2003, Harvest Partners made a further investment: in July 2003, this fund acquired
Casco Surfaces (page 24) jointly with Deutsche Beteiligungs AG. We provided 4.6 million
euros for this purchase, in line with our share in this fund. At the end of our 2002/2003
financial year, Harvest Partners IV had invested 63 million US dollars of its total assets of
558 million dollars.
Quartus Capital Partners I
Paris
Investment Equity share
T€ 12,589 11.65%
Fund volume € 111 million
Investment Equity share
T€ 6,452 15.48%
Parallel fund another 15.47%
First invested in July 1998
The investment team at Quartus is firmly networked within the French private equity
market. The fund has made five investments to date, one of which has already been
profitably realized. At September 30, 2003, nearly 40 million euros had been invested.
This past financial year, the fund acquired the Brunet group, a service provider for the
maintenance of electrical installations. For 2004, two new investments and one realization
have been slated.
The private equity market and, consequently, Quartus’ business will stand to profit
from the revitalization of the French economy.