In the summer of 2017, the Afinum Fund 2013 was able to acquire Garz & Fricke (www.garz-fricke.com), a supplier of embedded hard and software-solutions. With this final investment, this fund is fully invested. Its portfolio, consisting of nine platforms, has been developing according to plan. A total of seven add-on acquisitions have
been made for the existing platforms.
At the same time, Afinum’s latest fund was set up in the summer of 2017. After only a few months, the fundraising was closed in the amount of the hard cap of 410 million EUR. With a succession plan at IT WORKS (www.itworksgroup.de), a leading service provider in the area of Out-of-Home-Marketing, the new fund closed its first investment already in August 2017.
On the exit side, one portfolio company of the mid-cap Fund of 2010 was sold very successfully. This Fund is in the phase of value realization. For 2018, Afinum is planning to invest in two or three new platform investments. The focus will remain on the resolution of mid-cap succession plans in the German speaking area.