Castik Capital Closes on €1B Debut Fund

Aug 5 2015 | 5:33pm ET

European private equtiy firm Castik Capital has closed its first fund at its hard cap of €1 billion. The move follows a soft close in June of last year at €625 million. 

The fund, named European Private Investment Club I, was oversubscribed, according to the company. It has six investors comprised of international institutional investors and has what it terms significant co-investment potential. It currently plans to make a maximum of five investments. 

Castik's three partners are ex-Apax executives Michael Phillips and Marc-Oliver Jauch, and former Montagu Private Equity investment director Michael Gröber. 

The fund is targeting growing European firms in the light manufacturing, specialty  healthcare, technology and manufacturing industries with revenues of €300 million to €1 billion. It plans to make equity investments of €100-€250 million with up to ten-year holding periods, according to the firm. 

Luxembourg-based Castik Capital was founded in 2014. It is advised by Castik Partners GmbH in Munich, Germany.

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