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HEDGE FUNDS
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PRINT THIS PAGE Mid-market buy-out fund Finatem II holds second closing on €99m17/10/2005. Source: AltAssets. 
 German mid-market buy-out fund Finatem II has held a second closing on €99m and is on the way to reach its final target of €125m.
Substantial commitments came from Natexis Private Equity International and DZ Equity Partner. A number of other investors from Germany, Austria and France have also committed to the fund.
Finatem II operates a unique mechanism for management fees by returning to investors any excess above costs.
The fund focuses on mid-market buy-out opportunities, primarily in Germany, but on an opportunistic basis also in other German-speaking countries. Companies targeted would typically have a minimum turnover of €25m and good growth and business improvement potential.
Finatem II has made three investments to date, with a fourth transaction imminent, according to Finatem. Approximately 40 per cent of total commitments raised to date have already been invested.
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