Two European fund managers have launched significant new private
equity funds through Guernsey.
Deutsche Beteiligungs (DBAG) raised more than ?1.1 billion at
the final close of Fund VIII. DBAG is a listed private equity firm
with shares traded on the Frankfurt Stock Exchange. The firm has an
investment focus on small and medium-sized German companies,
particularly those in the industrial sectors as well as in
broadband telecommunications, software, IT services and
healthcare.
Aztec Group (administrator
and depositary) and law firm Carey Olsen worked on the
deal, cementing a long-term working relationship with the
manager.
Tom Carey, partner at Carey Olsen, said: "The fact that
Fund VIII secured commitments of ?1.1 billion is testament to
DBAG's market leading position in Germany's SME sector, and
Guernsey's position as a jurisdiction of choice for the private
equity funds industry and its investors."
