- The European-Asian private equity firm will continue its strategy of focusing on industrial technology and healthcare investments in Europe
- AGIC will open a new office in London in Q1 2017, strengthening its European presence
(Munich and Hong Kong; 9 February, 2017) AGIC Capital, the specialist European-Asian private equity firm that was a partner in one of the largest outbound investments from China into Germany, today announces the final close of Fund I (“the Fund”) with US$1 billion in commitments.
The Fund will continue to target investments in European small- and mid-cap companies in the areas of intelligent manufacturing, high-end equipment, advanced materials, medical technologies and environmental protection technologies, to assist their expansion into the growing Asian markets, with a specific focus on China.
Henry Cai, Chairman of AGIC said: “We are delighted with the positive response and support we received from investors who committed to AGIC’s Fund I. The success of the fund-raising reflects their endorsement of our investment philosophy and recognition of our track record to date. We will continue to act as the bridge for European companies with advanced technologies, particularly in Germany, Austria, Switzerland, Italy, France and the Nordics, helping them tap into the exciting opportunities in China and across Asia.
“The demand for technology products in China is growing fast, driven by China’s economic reforms and by massive investments into upgrading its industrial infrastructure. We are very excited to provide powerful support to European companies in Asia, enabling them to fully realize their growth potential.”
AGIC will open a new office in London in the first quarter of 2017, further enhancing the firm’s European presence. The London office will increase AGIC’s presence in key financial centres, helping it to tap into a growing international investor base and new investment opportunities. The expansion will bring AGIC’s global offices to five in total, with London complementing its other established presences in Munich, Beijing, Shanghai and Hong Kong.
AGIC started building its portfolio last year and has already made significant acquisitions. In January 2016, AGIC partnered with ChinaChem and Guoxin to acquire the global machinery supplier KraussMaffei Group, then the largest outbound investment from China into Germany. AGIC made its first solo investment shortly thereafter in June 2016 by acquiring a large majority stake in Gimatic Srl, a leading Italian supplier of end-of-arm tools for various applications in industrial automation.
Heiko von Dewitz, Partner and Managing Director of AGIC in Europe said: “These investments not only illustrate AGIC’s strength in identifying and capturing highly attractive opportunities, but also consolidate our position as one of the leading private equity firms in the tech industry.”
Fundraising for Fund I commenced in March 2015 and reached a first successful close of US$550 million, just five months after its launch. In December 2016, AGIC accomplished its second close, which brought the fund size to over US$1 billion collected from reputable institutional investors.
“With the successful close of Fund I, AGIC is well positioned to continue its investment strategy in the European high-tech industry, as we strive to generate exceptional value for our investors,” said Wolfgang Seibold, Partner and Managing Director of AGIC.
For more information, please contact AGIC@finsbury.com
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About AGIC Capital
AGIC Capital (“AGIC”) is a European-Asian private equity fund, which focuses on growth investment opportunities in Europe. It invests in companies concentrating on industrial productivity & production efficiency, enable new applications & manufacturing methods and drive innovation for industrial products & solutions. Investment opportunities focus on five industry sectors: (1) intelligent production, (2) high-end systems and components, (3) advanced materials, (4) medical equipment and (5) environmental protection technologies. The fund supports its portfolio companies in the execution of their buy-and-build strategies, organic growth initiatives and operating improvements. AGIC strongly supports the concept of investing with a business purpose and working closely with the top management of its companies. The firm has closed its Fund I, its debut fund, in February 2017 with US$1 billion successfully raised and is managed by seasoned investment professionals out of its offices in Munich, Beijing, Shanghai, Hong Kong, and London (as of Q1 2017).
For more information: www.agic-group.com