Quantum Capital Partners AG closes first fund on €55m

The Munich-based firm will focus on turnarounds with its first fund

Quantum Capital Partners AG has closed its inaugural fund on €55 million, after less than nine months in market. The fund was oversubscribed.

The firm was unavailable for comment at press time.

Quantum will invest in underperforming companies in a broad spectrum of industries in Europe, providing turnaround financing and operational support.

The firm was founded in 2008 by Steffen Gorig, an experienced turnaround investor. Quantum initially built its track record on its own money, making platform acquisitions from companies including Airbus, BASF, Bosch, Deutsche Bahn, Mahle, Norsk Kydro and others.

Investors in the fund include a small group of US and European institutional investors. Triago served as a placement agent for the fund.

Recent acquisitions include Leesys, an electronic manufacturing services specialist; Leichtmetall, an aluminum foundry, and WBN Waggonbau Niesky, a cargo-train manufacturer.