Fundraising launches in DACH Cinven grabs SLV-Group ... - Unquote

funds
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Focus
Cleantech, DACH
Contact
Dr Paul-Josef Patt
Investors
Cornerstone investors are Dr Paul Grunow, co-founder of Solon and Q Cells, a number of German
family offices, and German institutional investors. Insurance company LVM Versicherungen invested
with two of its funds.
Investments
The management fees for the fund are placed at 2.5%. The fund manager has set the carried interest rate
at 20% and the hurdle rate at 8%. About 60% will be used for primary investments while 40% of the fund
is reserved for follow-on rounds. Joint investments with other funds will be considered. The investors
may also re-invest following an exit.
The fund has five investments including Amynona Polymers GmbH, Novaled AG, eZelleron GmbH,
Feranova GmbH and Heliatek GmbH. eCapital is planning to make about 15 investments in the
cleantech sector including companies in the fields of water, energy, new materials and transport.
Further investments will be made in companies in the later and early-stage phase based in Germany,
Austria and Switzerland with funding of between €0.5m and €2.5m.
People
The fund is managed by eCapital Entrepreneurial Partners, where Dr Paul-Josef Patt is CEO. Andreas
Rodin from Pöllath & Partner provided legal advice for the fund. No placement agents were involved.
news in brief
DBAG acquires Romaco for €61m
DEUTSCHE BETEILIGUNGS AG has backed the MBO of industrial machinery
manufacturer Romaco group with €61m.
The vendor is a US supplier for engineered equipment Robbins & Myers Inc.
DBAG has invested €8m from its balance sheet in return for a 19% stake. Romaco’s
management and DBAG fund V will hold the remaining shares.
The investment will be used for internationalisation, expanding the service business
and strengthening the sales network. The planned expansion will be achieved through
organic growth, as well as add-on acquisitions.
Romaco was founded in the 1990s and is based in Karlsruhe, Germany. About
two-thirds of its revenues come from the firm’s packaging machines used in the
pharmaceutical and cosmetics industries.
The other arm of the business is process technology, providing machines and complete
processing lines primarily for food, healthcare and cosmetic industries.
The company has an expected turnover of €100m for 2011 and employs about 450
members of staff. Additional facilities are situated in Rheinfelden, Switzerland, and
in Bologna, Italy.
Acton invests in
Yatego GmbH
ACTON CAPITAL PARTNERS has
acquired a stake in German e-commerce
portal Yatego GmbH.
This is the fifth investment of
the Munich-based growth equity
investor from its Heureka Growth
Fund, established in 2008. Funding
comes from international private and
institutional investors. The terms of
the deal were not disclosed.
Founded in 2003, Yatego features
approximately 10,000 retailers with
around 3.2 million products.
It employs more than 100 staff in
St Georgen, Germany. In 2010, it
conducted €100m in transactions.
06 UNQUOTE APRIL 11 ENTIRE CONTENTS COPYRIGHT 2011 INCISIVE MEDIA INVESTMENTS LTD
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