– Castik Capital, a European private equity firm, announced the final close of its third fund, EPIC III.
– EPIC III raised €2 billion, exceeding its target of €1.75 billion.
– The fund represents a 60% increase over its predecessor, EPIC II, which closed at €1.25 billion in October 2020.
– EPIC III follows Castik Capital’s strategy of investing in high-quality, growing businesses in fragmented European markets.
– The focus is on companies with strong management or founders, aiming for growth through market expansion, add-on M&A, and investments in digitization and technology.
– Investors in EPIC III include public and private pension funds, sovereign wealth funds, insurance companies, endowment funds, foundations, and individuals.
– The re-up rate from existing investors exceeded 90%.
– Michael Phillips, Managing Partner at Castik Capital, emphasized the success of the fundraising and the firm’s commitment to supporting high-quality companies.
– Founders and Investment Partners: Marc-Oliver Jauch, and Michael Groeber.
– Investment Partners: Michael Phillips, Krzysztof Aniola, Sebastian Große Frie, and Simen Opsal.
– Investment Director: Stefan Fritz, and Philipp Paul.
– Investment Manager: Philipp Albath, Marco Duengler, and Leonhard Zinn.
– Senior Advisory Partners: Dan Arendt, Ruth Bueltmann, Dr. Michael H. Hinderer, Hubert Jacobs van Merlen, Pascal Rakovsky, and Dr. Christoph Walther.
– Castik Capital received advisory support from Monument Group (U.S. and Europe) and Pacific Fund Management (Japan).
– Legal advisors for the fund were Pöllath & Partners and Fried Frank.
