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Laxman Pai, Opalesque Asia: AGIC Capital, a private equity firm concentrating on European and Asian markets, has raised $1.2bn for its second fund targeting advanced industrial and medical technology investments.
AGIC said Fund II would make a majority and significant minority investments with enterprise values typically in the range of $50m to $500m.
Founded in 2015 by capital market veteran Henry Cai, AGIC Capital's debut $1bn fund made seven buyout and growth-stage investments, mostly in Europe, and has successfully exited three investments to date with "good returns", the firm said in a press release.
"AGIC Fund II will continue AGIC Fund I's successful strategy of investing in mid-market companies that possess differentiated technologies and have attractive growth potential with international expansion being a key growth driver, in particular in Asia," it said.
Henry Cai, Founding Partner of AGIC based in Hong Kong, said, "The strong performance of AGIC Fund I proves that our strategy of supporting portfolio companies in their international expansion is highly effective and resilient even during times of unusual stress. We will continue to focus on supporting our companies with our complementary resources and know-how."
Heiko von Dewitz, Partner of AGIC based in Munich, said, "While AGIC's target investment sectors continue to benefit from strong long-term tailwinds, our deep technology and domain expertise allows us to early spot emerging techn...................... To view our full article Click here
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