Swiss buyout firm Invision Private Equity has closed its latest institutional fund Invision V on its €285m hard cap, exceeding the €250m target.
The fund will target companies with an enterprise value of €30m to €100m in Germany, Austria and Switzerland.
Earlier in 2013 Invision made its last investment from its 2007-vintage fund Invision IV by backing specialist fire protection products manufacturer Kraft & Bauer Holding with €24m.
Invision managing partner Frank Becker said, “We are very pleased with the successful closing of Invision V at a hard cap of €285 million. This represents a key milestone in the on-going development of our business.
“The fund received strong backing from a group of the most respected investors and we believe that this validates our investment approach. Our mantra to ‘listen, envision and position’ has enabled us to work actively with our management teams and drive deep step-changes in our portfolio companies, to maximise returns for our LPs.
“Our new fund will enable us to continue to successfully invest across the DACH region, which we are very excited about, given our current full pipeline of compelling opportunities.”
Probitas Partners acted as sole placement agent and SJ Berwin as legal adviser to the firm.
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