30 July 2014
Paragon closes Fund II at € 412 million
The fund will follow the successful strategy of its predecessor fund, focusing on privately-held Mittelstand companies and non-core subsidiaries of larger companies, in German-speaking Europe, in both “traditional” LBOs and “complex” buyouts, including turnarounds and restructurings.
The typical transaction value ranges between € 30 million and € 150 million. The Munich based fund is advised by a dedicated team of 10 investment advisory professionals with significant operating and turnaround experience.
Edin Hadzic, managing partner at Paragon, commented: “We are pleased and humbled to have received such strong support for the Fund in less than three months from both our long-term partners as well as new relationships. Investors responded well to our long term track record of strong returns, the strength and cohesiveness of the team as well as our differentiated approach. We are seeing a unique range of opportunities as a result of the changing market conditions in the German-speaking markets, where our ability to navigate complexity positions us well to execute. The successful fundraising will allow us to fully capture this opportunity.”
Paragon is one of the leading independent private equity firms in Europe with approx. €650 million of equity under management. Paragon works closely with portfolio companies to achieve sustainable growth and operational excellence. The investment portfolio covers various industries and currently comprises 7 companies. Paragon was founded in 2004 and is based in Munich, Germany. For further information please refer to www.paragon.de.