P+P advises AFINUM on launch of new buyout fund

September 2017

P+P Pöllath + Partners comprehensively advised AFINUM Management GmbH on all legal and tax aspects of the successful launch of the buyout fund, AFINUM Achte Beteiligungsgesellschaft mbH & Co. KG.

As with the predecessor fund, the focus of the new fund is the regulation of succession issues in medium-sized companies located in Germany, Austria and Switzerland. The intention is primarily to acquire majority shareholdings in successful mid-sized companies in the German-speaking regions. AFINUM intends to invest up to EUR 100 m in equity capital per year in new holdings.

Upon final closing in September 2017, after very rapid fundraising in just a few months the fund volume amounted to EUR 140 m (including the participation of the AFINUM team) and thereby achieved the agreed hard cap. The diversified international investor base consists of numerous renowned new investors, as well as many current investors.

AFINUM Management GmbH was founded at the beginning of 2000 and has since launched a new fund every three to four years. P+P has advised AFINUM for many years on fund structuring, ongoing fund compliance and individual transactions.

P+P advised AFINUM on contractual, tax and regulatory aspects of the fund structuring, contractual documentation and negotiations with domestic and foreign investors with the following Berlin-based fund team: