Castik Capital, the European private equity investment firm, today announced the final close of its second fund, EPIC II (or the “Fund”). The Fund was successfully closed at the hard cap of EUR 1.25 billion. EPIC II saw strong demand from existing and new investors, including large institutional investors from Europe, Australia, and North America.
“We are very proud to announce the close of our second fund and would like to thank our Limited Partners who have been so valuable in supporting our growth over the past six years,” said Michael Phillips, Managing Partner at Castik Capital. “Our team continues to execute on the strategy of creating market leading firms through organic growth and a buy & build investment strategy. Castik’s longer-term investment horizon of ten years offers our companies a significant advantage to sustainably grow their business to a substantial scale.”
The Fund will seek investments across Europe, with a target transaction size of EUR 200m – EUR 700m, and with approximately EUR 100m – 300m of equity committed per deal. Like its predecessor fund, EPIC II can remain invested for ten years, or longer, and targets a concentrated portfolio of six to seven companies.
The Funds are managed by Castik Capital S.à r.l. in Luxembourg, with an advisory office in Munich. The 30-strong team is led by three experienced investment partners – Michael Phillips, Dr. Marc-Oliver Jauch and Michael Groeber.
Castik’s first fund, the EUR 1.0 billion EPIC I Fund, was successfully invested in six portfolio companies in the areas of Business Services (Waterlogic), Technology (Acrotec, Addsecure), Software (Alpega, ipan/CPA Global), and Specialty Healthcare (AllDent).
Castik was advised by Monument Group as placement agent, and Poellath + Partners and Arendt & Medernach as legal advisors.