PARAGON PARTNERS Closes FUND II at EUR 412 million
PARAGON PARTNERS GmbH, is pleased to announce the closing of the PARAGON FUND II at EUR 412 million, significantly above its initial target. The fund will follow the successful strategy of its predecessor fund, focusing on privately-held Mittelstand companies and non-core subsidiaries of larger companies, in German-speaking Europe, in both “traditional” LBOs and “complex” buyouts, including turnarounds and restructurings.
The typical transaction value ranges between EUR 30 million and EUR 150 million. The Munich based fund is advised by a dedicated team of 10 investment advisory professionals with significant operating and turnaround experience.
Dr. Edin Hadzic, co-founder and Managing Partner of PARAGON PARTNERS, commented: “We are pleased and humbled to have received such strong support for the Fund in less than three months from both our long-term partners as well as new relationships. Investors responded well to our long term track record of strong returns, the strength and cohesiveness of the team as well as our differentiated approach. We are seeing a unique range of opportunities as a result of the changing market conditions in the DACH region, where our ability to navigate complexity positions us well to execute. The successful fundraising will allow us to fully capture this opportunity.”
About PARAGON PARTNERS
PARAGON PARTNERS, founded in 2004, is a leading private equity group in German speaking countries with more than EUR 650m of equity capital under management. To date, the firm has completed eighteen investments, of which eleven have been fully or partially exited. PARAGON PARTNERS works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. Paragon looks to unlock value in fundamentally attractive businesses, leveraging its ability to address transactional and operational complexity and transform companies through tailored value creation programes.