Cipio Partners, Luxembourg-based investment management and advisory firm for growth capital and minority buyouts, has closed €202 million in the latest fund, Cipio Partners Fund VIII.
Details of Cipio Partners Fund VIII
Support for Cipio’s latest funding came from a combination of institutional and family office investors across Europe and the US. Also, it includes almost all investors from CPF VII, institutional investors, including sovereign investors and several European banks and insurance companies.
This latest fund will follow the same investment strategy as its €174 million predecessor fund, Cipio Partners Fund VII, which was closed in 2017. The fund invested in 16 fast-growing tech companies at the verge of profitability across Germany, France, Scandinavia, the UK, Ireland, and Spain. The fund delivered substantial returns to its investors from multiple exits, including the sale of Brightpearl to Sage Group, the sale of Openet to Amdocs and the acquisition of Falcon by Cision.
Already, the new fund has completed two investments in European growth companies, including Nuki, an Austrian smart-home developer, and Navvis, a German startup specialising in end-to-end solutions for reality capture and digital twins.
Diana Meyel, a Managing Partner, commented: “We are very proud to have reached our target fund size and are thrilled with the support we received from all our loyal returning investors as well as new investors. The increased fund size and strong backing by leading institutional and family office investors marks a major milestone for Cipio and is a testament to Cipio’s performance, the quality of our team and our leadership in the rapidly expanding European growth-equity market.”
Roland Dennert, a Managing Partner, added: “Considering current market uncertainties, the closing of CPF VIII comes at a perfect time and leaves Cipio well-positioned and well-capitalised to take advantage of the market opportunities for investments into European growth-stage technology companies.”
Flexible investment approach
Founded in 2003, Cipio Partners is a leading investment management and advisory firm for European growth capital and minority buyouts for technology companies. The investment management firm targets companies that address large market opportunities across the broader information technology industry. Typical sectors include software, technology enabled B2B products & services, components and consumer internet. It targets European growth-stage technology businesses with revenues ranging from €10 to €50 million and intends to make initial investments ranging from €5 to €15 million.
With offices in Munich and Luxembourgh, the company makes secondary direct investments in the form of growth capital, preferred equity structures, or deferred consideration in private growth-stage technology businesses. It provides liquidity to financial institutiona, corporate venture investors, private equity and venture capital firms, and private sellers.
Cipio Partners’ capital enables companies to accelerate growth and build sizeable businesses. It also facilitates exits by early backers, providing them with the ability to redeploy their capital elsewhere. It ensures that the right management team is in place to achieve growth targets. It joins the portfolio company boards and applies decades of experience in building and exiting technology companies to accelerate scaling growth and eventually positioning the business for a high-value exit.
