VENTIZZ Capital Partners announces Final Close of new VENTIZZ Capital Fund II, LP with € 60 million
Duesseldorf, January 20, 2005
Ventizz Capital Partners, the Duesseldorf-based private equity firm, announces the final closing of the new Ventizz Capital Fund II, L.P. ("Ventizz II") with committments of € 60 million. With a fund raising period of only 6 months the General Partners of Ventizz succeeded in establishing their second fund. "The enormous level of interest of a variety of blue chip institutional investors in the Ventizz II fund shows the unbeaten attractiveness of developed and mature high-tech firms in the German-speaking markets", explains Dr. Helmut Vorndran, founding partner and CEO at Ventizz.
Ventizz I, the vintage 2000 premier fund, was focused on early and later stage technology - driven VC investments. Being now fully invested, Ventizz I is consisting of attractive and valuable assets, for example an interest in the world´ s leading solar ingot and wafer producer PV Crystalox Solar AG or in the leading manufacturer of automated cell culture analysis equipement, Innovatis AG.
The Ventizz II fund continues to follow this successful strategy and targets later-stage high tech companies with exceptional growth opportunities. A dedicated focus will be in the area of secondary direct investments. With the fast growing and already profitable ErSol Solar Energy AG, Ventizz II has closed its initial investment in one of Europe's leading and largest solar cell manufacturers. In addition, the new fund has invested in SAF Simulation Forecasting Analysis AG, a leading forecasting software developer. The General Partners expect that the Ventizz II portfolio will be expanded to more than ten investments shortly. Ventizz is convinced that the quality of the already acquired assets will give Ventizz II the opportunity to achieve top quartile returns for their investors.
"We are currently facing a very favourable market environment for buyers with multitudes of acquisition opportunities", adds Dr. Helmut Vorndran. Thus Ventizz expects to expand its capital under management significantly within the next two years.
Ventizz II was advised by The Camelot Group, New York (Placement Agent), Velten Franz Jakoby, Duesseldorf (Legal / Purchase Agreements), Orrick, Herrington & Sutcliff, New York (Legal / Fund Establishment) and Ashurst, Munich (Tax / Fund Establishment).