Capvis Closes Third Fund

Capvis, a Switzerland-based mid-market buyout firm, has closed its third fund with EUR 600 million in capital commitments. It had been marketed with a EUR 500 million target. MVision served as placement agent. Get more info.

PRESS RELEASE

Capvis, the leading mid-market buyout firm in Switzerland acting as advisor to the Capvis funds, is pleased to announce the final closing of Capvis Equity III L.P. on EUR 600 million (about CHF 1 billion) of commitments, considerably exceeding its original target of EUR 500 million.

The fund was substantially oversubscribed, with commitments coming from existing and new investors from a broad range of global institutional investors, family offices and endowments from around the world. Commitments were secured from more than 40 prominent institutional investors with approximately 35% of the fund from Switzerland or being managed by Swiss institutions, 40% from the rest of Europe, 20% from North America and 5% from RoW. In terms of diversification among investor type, 20% of the commitments came from public and corporate pension funds, 10% from endowments/family offices, 30% from financial institutions and 40% from fund of funds. Significantly, Capvis secured important new commitments from Europe, North America, the Middle East and Asia.

Capvis has arranged and structured 37 investments into mid-sized companies since 1990 with an overall transaction volume in excess of CHF 3.5 billion and has advised on 29 realisations, of which 8 have been IPOs. Capvis takes controlling equity interests and works as an active partner with management teams in company spin-offs, succession solutions and shareholder buyouts of leading mid-sized companies, typically with EUR 50