a German based
independent special
situations asset manager.
We are active in the small-to midcap market in the DACH region.
We focus on the tail-end management of private equity and venture capital funds.
We help fund investors and funds itself in special situations.
We assume fiduciary responsibility in any investment structure, manage investment risks and aim to maximize returns for investors on an expedited track. In doing so, we can holistically assume the entire tail-end management of any investment fund structure.
WHAT WE DO:
- Officially appointed Liquidator with the task to sell-off remaining assets and collapse fund structures
- Shareholding-as-a service to fund managers or investors
- Replacing standing GPs and their structures to continue managing a fund
- Forensic investigations in fund structures
- Advising fund investors in locked-up situations
Our aim is to maximize returns for LPs.
investors to deal with
unsatisfying investment
situations.
We help investors to deal with unsatisfying investment situations towards the end of life of investment structures.
We help unlock misalignment between investors and fund managers.
We help fund managers to focus on growth projects towards the end of the lifecycle of a fund.
Eliminating long-term bottlenecks
The replacement of a standing portfolio management team on fund level often allows to debottleneck long-term issues emerged between GP and shareholder-manager of the portfolio companies.
Faster and more efficient de-investment processes
The replacement of a standing GP portfolio management team often allows a faster and more efficient de-investment processes.
Freeing up
GP capacity
Operationally handling legacy portfolio companies is freeing up GP capacity while de-investment returns remain for the benefit of a fund manager.
operationally with industry expertise in many industries.
Transactional experience in the M&A and project management field
Asset management and finance expertise
Legal expertise with experience of liquidating fund structures in Germany and Luxembourg
Working in advisory and supervisory boards on an international scale
We have a strong and established network of: experienced top-level managers (as needed for specific constellations), M&A investment banks in Europe, US and Asia, accountants and law firms – each being experts for smalland midcap assets.
Our clients are based in DACH, EU, UK and US.
Regulated Venture Capital Fund
invested value of € 45m, structured in Luxembourg
- Replacement of general partner with the beginning of the liquidation phase under the surveillance of the CSSF
- De-investing of 5 portfolio companies, each in minority position
- Assuming board roles to make portfolio companies exit-ready
- Provide restructuring and financial expertise to become exit-ready
- Discharge reporting and governance requirements
- Liquidation of special purpose vehicles and a multi-layer fund structure
Vintage Private Equity Fund
invested value of € 90m, structured in Germany
- Appointed (by unanimous vote) as liquidator of the fund
- 1 distressed portfolio company remaining to be handled
- Assuming management roles in all holding companies
- Forensic investigation on previous flow-of-funds
- Completing outstanding annual reporting requirements
- Discharge ongoing and governance requirements to the BaFin and investors
- Liquidation of a multi-layered fund structure and collapsing the fund
Private Equity Fund
invested value of € 25m, structured in Germany
- Replacement of standing general partner in a very protracted process
- Assuming board role in portfolio company with the aim to maximize value of investment
- Forensic investigation in previous undertakings of former management team Handling litigation with previous GP to secure claims of fund and its investors
- Assuming management roles in all holding companies
- Selling off remaining portfolio investments at maximum value
- Completing outstanding annual reporting requirements
- Discharge old, ongoing and governance requirements to the BaFin and fund investors
- Liquidation of fund structure to come later