LEO III. Fund – Final Closing
The DUBAG team is pleased to announce the final closing of our new third, oversubscribed LEO III fund generation, totaling investor commitments of EUR 80 million.
Despite a challenging fundraising environment, the DUBAG team was able to close the new LEO III fund at the targeted hard cap of EUR 80 million of investor commitments, therefore doubling the predecessor fund size.
The investment focus of the new LEO III fund is on companies in special situations, in particular carve-outs from conglomerates and tail-end situations of fund-based PE-Investors. The targeted revenue size ranges from EUR 20 up to EUR 400 million. LEO III invests equity tickets from EUR 5 to 20 million and has direct access to a broad network of financing partners, willing to back challenging situations. Transactions with EVs up to EUR 125 million are covered within investment scope.
“In times of constant change and the need for continuous transformation, focusing on core business activities is the key to success. But what if a business segment is no longer part of the core business? We take care of these non-core assets and make these companies and their success our priority. With our operational team, we support value creation from day one and ensure a smooth transition for the sellers”, explains Florian Hitzer, Partner Operations at DUBAG.
“The upcoming years will offer numerous exciting opportunities for investments with a variety of special situation backgrounds. With us, investors have the chance to participate in those interesting opportunities. Our track record shows attractive returns for our investors,” explains Emanuel Cattanei, Partner M&A at DUBAG.
“The interest from institutional investors in the new fund has significantly exceeded our expectations and confirmed our positioning as leading fund-structured private equity special situations specialist in Germany. We are very pleased that many of DUBAG’s investors in previous funds have also invested in our new fund, in some cases with significantly increased subscriptions. In addition, we were able to further internationalize our pool of investors and expand it with renowned addresses. We would like to thank our investors for their trust in our team,” says Christoph Mödder, Partner M&A at DUBAG.
