CoVest Capital plans to target businesses with “strong growth potential” and revenues of between $10m and $40m, with an EBIT margin of 10 per cent or more, although is not interested in backing start-ups.
It plans to use leveraged buyout, venture capital and growth capital strategies in most sectors barring real estate, financial services, direct agriculture, mining and unethical businesses according to its website.
Co-founder Kopp, pictured, was previously managing director of CK Corporate Consulting, which he launched in 2004 after consulting with Daimler Chrysler, Fujitsu and Droege & Comp.
He began his financial services career with Deutsche Bank in Germany and France before joining investment bank IKB Deutsche Industriebank to found and grow its French operations.
Fellow entrepreneur Daniel Noble, who launched DriveMyCar Rentals, is also a co-founder of the new firm.
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