German private equity firm Afinum has closed its fourth buyout fund Afinum Siebte Beteiligungsgesellschaft on €280m after five months on the road.
The fund, which was backed by 20 institutional investors and was oversubscribed, has exceeded its initial target of €250m. It did not have any interim closes.
The new vehicle follows the €230m fifth buyout fund, which was raised in 2007.
Afinum is sector agnostic and targets mid-market companies in Germany, Switzerland and Austria with annual sales of €25m to €500m.
Some of the Munich-based firm’s previous ivnestments included the acquisition of a minority stake in photographic laboratory ORWO Net.
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