Quantum Capital Partners Closes Opportunity Fund II at Hard Cap
European carve-out and special situations specialist Quantum Capital Partners, announces the close of its second fund at hard cap.
Quantum Capital Partners closed its second fund at hard cap of €77.5 million, after a closed-circle fundraising. Quantum Capital Partner now operates two funds, with totally €135 million assets under management. Established in 2008 by banker and distressed asset investor Steffen Görig, Quantum raised its first institutional fund in late 2014, after years of exclusively investing its own capital. With additional capital and an expanded team, the Munich-based specialist firm, will continue to invest in challenging situations and complex carve-out opportunities in Continental Europe. Triago advised on the fundraising for both the initial fund and the latest offer.
Since creation, Quantum has achieved top-tier performance through majority investments in Western European companies, mainly in under-managed manufacturing divisions carved out of large conglomerates. Over the years, the investment firm has staffed up, turned around and expanded a diverse range of operations purchased from Arconic, Henkel, Norsk Hydro, Robert Bosch and other high profile firms and conglomerates. Quantum invests principally in corporate divisions or subsidiaries with annual revenues between €30 million and €400 million.
“With expertise in both finance and operations, we are currently managing a portfolio of businesses with aggregate sales in excess of €1 billion,” says Quantum founder and chief executive Steffen Görig. “We love investing in complex carve-outs, spin-offs and distressed deals with plenty of potential for improvement because the financial and operational challenges associated with them mean we have significant upsides and few competent competitors. The successful close of our second fund is a flattering, and very gratifying, endorsement of our financial and operational acumen by investors. We especially appreciate that all investors from Fund I also signed up in Fund II – all expanding their commitments.”
In conjunction with the closing of Quantum Opportunity Fund II, Quantum announces a promotion as well as new hires that expand the team to 15 professionals. Tilman Richter, previously director, was promoted to managing director. Joining the firm are senior advisor for Italy and the UK, Francesco Rigamonti, previously a managing director at Deutsche Bank’s private equity operations; investment manager Sebastian Stalter, previously an investment banker at Rothschild & Co; investment manager Stephan Schuster, previously an M&A executive at Anticimex, a firm owned by Nordic Private Equity group EQT; and analysts Rasmus Dzwonek and Hendrik Eickmann. With current investments in Germany, France, Switzerland, Italy and Spain, the hires will help Quantum expand into additional attractive markets, particularly in the Nordics, the Benelux and the UK.
Quantum Capital Partners’ Advisers:
- Placement Advisor: Triago (Nicolas de Nazelle)
- Legal & Tax: P+P Pöllath + Partners (Uwe Baerenz, Partner, Andrea Schoeneberg, Senior Associate; Dr. Tobias Lochen, Counsel)