POELLATH advises capiton AG on the EUR 250 million fundraising for the continuation fund capiton Quantum

capiton AG (“capiton”), one of the leading owner-managed private equity firms in Germany, has successfully placed its Continuation Fund capiton Quantum with a fund volume of approximately EUR 250 million in a GP-led secondary transaction.

The Continuation Fund capiton Quantum was launched to invest in the companies AEMtec GmbH (“AEMtec”) and Raith GmbH (“Raith”). This provides these companies with additional capital and time to pursue the very successful growth strategies implemented in both companies since capiton’s investment via the capiton V fund. AEMtec is one of the leading specialists in the development and production of complex optoelectronic and microelectronic modules, including complete systems. Raith is a leading provider of precision technology solutions for nanofabrication, electron beam lithography, focused ion beam manufacturing, nanoengineering and reverse engineering applications.

A consortium of leading global investors, with Eurazeo as lead investor and Unigestion as co-lead investor, together with several existing investors and new investors, provided capital to the capiton Quantum Fund.

In addition, the transaction offered capiton V investors two attractive options: to realize previous appreciation in value or to further support the growth strategies of AEMtec and Raith by investing in capiton Quantum.

This is the second time capiton has successfully executed a GP-led secondary transaction.

POELLATH advised capiton AG in the launch and structuring of the fund on all contractual, regulatory and tax aspects of fund structuring, contractual documentation, and marketing, as well as in investor negotiations with the following team:

• Dr. Stephan Schade (partner, lead, private funds, Berlin).
• Amos Veith (partner, private funds, Berlin)
• Dr. Robert Eberius (counsel, private funds, Berlin)
• Michelle Kos-Kogos (associate, private funds, Berlin)
• Lennart Heidrich (associate, private funds, Berlin)
• Pascal Erler (associate, private funds, Berlin)
• Raschied Ezzeldin (associate, private funds, Berlin)

capiton was also supported on this transaction by Stephenson Harwood (London) for process control, by BMH (Berlin) for the asset level transaction and by EY (Berlin) for tax matters. Hogan Lovells (London) acted for the lead investors.