Apart from having very successfully exited several portfolio (Engel & Völkers, Orwo, Copytrend and Let’s Go Fitness) companies, investment funds advised and managed by Afinum Management GmbH, invested more equity in 2018 than ever before in the history of Afinum.
In addition to a number of add-on acquisitions for existing portfolio companies, four new platform investments (Zeit für Brot, Ventomaxx, Ledlenser and evitria) were concluded last year by the actual investment fund launched in 2017. Two of these are classic succession arrangements for company founders, one is a growth financing solution together with the company founder and one is a carve-out from a medium-sized industrial conglomerate. In all four cases, Afinum has acquired a majority position. We are looking forward to further develop these new additions and further future investments together with the respective management teams in the coming years.
Afinum’s current Investment Fund has been progressing to an investment level of about onethird of commitments of 410 m EUR and has sufficient funds available to be able to enter into several new interesting succession and growth situations again in 2019. Afinum has also strengthened its team and hired three new professionals towards the end of 2018.