INVEST EQUITY has launched a new Private Equity Fund
INVEST EQUITY announced the formation of the new Private Equity Fund ”Greater Europe Fund“ (GEF) and named Investkredit Bank AG and Österreichische Volksbanken-AG as Sponsor-Investors. Together with the German KfW, the investors committed an initial amount of 20 million euro for the launch.
GEF will primarily acquire mid-market enterprises within the vibrant and new region of accelerated economic growth within the European Union, which is taking shape in and around Austria as a result of the enlargement of the EU. This in turn means investments within the territory of the EU, including Austria, Czech Republic, Slovakia, Hungary, Slovenia, and Southern Germany. INVEST EQUITY will cooperate with a proven network of local Private Equity investors that are active in their respective markets.
INVEST EQUITY will continue with GEF its strategy of the previous funds to invest in stable and profitable businesses with significant market shares. Many investments are targeted at companies with production facilities and distribution operations in several of these countries. Currently, funds managed by INVEST EQUITY hold considerable shares in Strohal Rotationsdruck, Chemson, and Steudle.
INVEST EQUITY is aiming to secure further commitments from selected domestic and international investors in a first and consequently second closing in order to raise volume of the Greater Europe Fund substantially.
For further information:
Helmut Bousek Martin Prohazka
Managing Partner Managing Partner
INVEST EQUITY
Renngasse 10, 1010 Vienna, Austria
TEL +43 1 532 05 51
FAX +43 1 532 05 51 - 696
E-Mail: [email protected]
www.investequity.at
27.01.2004 |