POELLATH advises Castik Capital on closing of its third fund, “EPIC III”, with over EUR 2 billion
The European private equity investment firm Castik Capital S.à r.l. (“Castik Capital”) has successfully completed the final closing of its third generation of funds, “EPIC III”, with capital commitments of EUR 2 billion. POELLATH providing legal and tax advice to Castik Capital on structuring and fundraising.
Fundraising exceeded the target of EUR 1.75 billion and represents a 60% increase over the previous fund, EPIC II, which closed at EUR 1.25 billion in October 2020. EPIC III’s investor base includes both new and existing investors, including public and private pension funds, sovereign wealth funds, insurance companies, endowment funds and individual investors. With a reinvestment rate of over 90%, the fund was strongly supported by existing investors. POELLATH previously advised Castik Capital on the fund structuring of the two predecessor funds, EPIC Fund I and EPIC Fund II.
EPIC III follows Castik Capital’s proven investment strategy of creating market leaders by focusing on high-quality growth companies in highly fragmented markets, headquartered in Europe and led by strong management teams or founders. Alongside these management teams, Castik Capital works on value creation strategies to drive sustainable growth, e.g. through expansion into new markets, additional mergers and acquisitions and investments in the core business, such as digitization and new technologies.
POELLATH advised Castik Capital on all contractual, tax and regulatory aspects of fund structuring, contractual documentation and negotiations with investors with the following team:
- Amos Veith (partner, lead, private funds, legal and tax, Berlin)
- Dr. Michael Best (partner, tax, Munich)
- Dr. Robert Eberius (associated partner, private funds, legal and tax, Berlin)
- Dr. Tobias Deschenhalm (counsel, tax, Munich)
- Michelle Kos-Kogos (senior associate,private funds, legal and tax, Berlin)
The firm Van Campen Liem (Luxembourg) advised on questions of Luxembourg law. The U.S. law firm Fried Frank advised on selected U.S. tax and regulatory matters. Additional local advisors were consulted in, among other places, Japan, South Korea, Australia and Canada.
