Exclusive: German team targets €100m for debut fund

The firm joins a number of other newly established private equity teams that are currently on the fundraising trail

Beyond Capital Partners, a recently formed private equity firm, is currently in market attempting to collect €100 million for its debut fund, Private Equity International has learnt.

The team, which will target investments in the DACH region, started fundraising a few weeks ago and is aiming to hold a first close of approximately €50 million by the end of August. That first close would coincide with the firm’s first deal, according to investor sources.

Beyond Capital Partners declined to comment on the fundraising.

The firm, which was established last year, aims to invest in mid-sized Mittelstand companies in Germany, Switzerland and Austria with an annual turnover of €10 million to €100 million that are facing “significant structural challenges”, according to the firm’s website. Beyond Capital will invest up to €15 million of equity in each transaction.

Beyond Capital is led by four managing partners; Christoph Kauter, Volker Oschkinat, Karsten Eibes, and Alexander Wiegelmann. Prior to founding Beyond Capital Partners, Kauter was a co-founder and managing partner at Trigon Equity Partners, a special situations investor focusing on the German Mittelstand. Prior to this, he was chief executive officer at two listed mid-market funds Themis Industries Group and Heliad Equity Partners.

Oschkinat has worked for a decade as an interim CEO/CFO/CRO and M&A consultant on numerous national and international transactions, while Eibes comes from Adcuram Group, a German industrial holdings business, where he was an investment partner with a focus on investments in German Mittelstand companies.

Wiegelmann has eight years of international investment and corporate financing experience. Previously, he worked at the German investment banking arm of Close Brothers focusing on transactions for international financial sponsors.

Beyond Capital joins a number of newly established teams currently on the European fundraising trail. Castik Capital, a Luxemburg and Munich-based firm, is another new firm on the block. Led by Michael Phillips, a former equity partner at Apax Partners, Castik has a pan-European approach. The firm’s debut fund, EPIC I SLP, held its first close on €625 million in June 2014, according to Castik’s website.

Meanwhile, GENUI Partners, a team consisting of a number of former EQT-executives, is currently in market attempting to collect between €400 million and €500 million, according to sources familiar with the matter. Based in Hamburg, Germany, the team is led by three managing partners; Patrick Gehlen, Sumeet Gulati and Max Odefey, a former investment director at Bregal Capital.

Additionally, Mayfair Equity Partners, established by LDC’s former head of the London office, Daniel Sasaki, is attempting to raise £350 million for its debut fund, according to sources familiar with the matter.

Global Healthcare Opportunities Capital (GHO Capital) is also in market trying to raise $500 million for its debut fund. The firm was founded by Dennis Gillings, founder and chairman of Quintiles, a large global provider of clinical trials and commercial marketing services to the pharmaceutical and biotechnology industry, Alan MacKay, a former senior partner and global head of healthcare at 3i Group, Andrea Ponti, former vice chairman of European investment banking and global co-head of healthcare at J.P. Morgan, and Mike Mortimer, who has also come from Quintiles, where he was an executive vice president. GHO Capital will target healthcare opportunities in the European mid-market.