Wednesday, 4 May 2016
Last updated 5 hours ago
Sep 28 2007 | 11:30am ET
Swiss buyout shop CGS Management last month held a final close on its second fund, CGS II, at 130 million Swiss francs (US$111 million). Investors in the new offering include leading European Banks, private equity funds of funds and family offices.
CGS II will continue the firm’s buy-and-build strategy and focus mainly on small buyouts of companies with revenues ranging from $8 million to $68 million located in Switzerland, Germany and other European Countries. The fund will acquire 15-20 companies and in four to five industry groups such as machinery and equipment, electronics and engineering, and plastic production.