Bregal Unternehmerkapital Closes Oversubscribed Fund III at €1.875 billion

Bregal Unternehmerkapital (“BU”) closed its third fund Bregal Unternehmerkapital III (“BU III”, “Fund III” or the “Fund”) with total capital commitments of €1.875 billion.

The Fund was oversubscribed and closed at its hard cap, exceeding its initial target, five months after launch.

BU is grateful for the strong backing the Fund received from returning existing investors, who represent over three-quarters of BU III commitments, as well as several blue-chip new investors.

Florian Schick, Managing Partner and Co-Founder of BU commented: “The Fund was able to attract a high-quality group of renowned investors, who provided BU III their tremendous trust and support. Since 2015, we have built one of the largest teams in the DACH region with a long-standing track record of collaborating with entrepreneurs and family-owned businesses. The Fund will accelerate its portfolio companies’ growth trajectories and unlock their full potential through its hands-on value creation approach.”

BU III will continue to pursue BU’s proven investment strategy of supporting market leading companies in Germany, Austria, and Switzerland with equity investments between €50 to €250 million and generating superior returns for its investors. The Fund will have an added focus on Northern Italy, where it is strategically well-positioned for success given the market exhibits several features well-suited for BU’s focus on family and founder-owned enterprises.

Jan-Daniel Neumann, Managing Director and Co-Founder of BU said: “Fund III will assist each portfolio company to create lasting value in close partnership with their founders and entrepreneurs, who appreciate our extensive experience across international expansion, digitalisation, acquisition integration, ESG and organizational professionalisation.”

BU III has shown strong progress to date and has an exciting pipeline of opportunities including many resilient business models with significant growth potential. Earlier this week, the Fund announced the signing of its first two investments, both of which are leading players in their respective niche sectors. Actico provides decision modelling software and services mainly to financial institutions and Perfect Drive Sports Group is Europe’s largest golf e-commerce operator.

Campbell Lutyens advised on the fundraising and Goodwin Procter provided legal advice.