AURELIUS successfully closes new mid-market private equity fund; EUR 500 million of firepower for European deals
- Four months after launching AURELIUS’ new fund investment management business line, AURELIUS European Opportunities IV has closed at its target. Coupled with a co-investment program from its listed vehicle, AURELIUS Equity Opportunities, aggregate total commitments of EUR 500 million were secured;
- The Fund’s first and final close for institutional investors followed an entirely virtual fundraising process that attracted commitments from a diverse group of prestigious institutional US and European investors;
- The Fund will continue AURELIUS’ proven strategy of investing in corporate carve-outs and operational transformation investments in Europe.
Luxembourg, 19. April 2021 - Pan-European asset manager AURELIUS is pleased to announce the successful closing of AURELIUS European Opportunities IV (the “Fund”). The Fund has secured EUR 350 million of total commitments from a diverse group of top-tier institutional investors, including US and European university endowments, pension funds, insurance companies and family offices.
AURELIUS’ listed vehicle, AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8), will – in addition to its established lower mid-market investment program – co-invest up to EUR 150 million alongside the Fund creating a total deal-making firepower of EUR 500 million for investments in the European mid-market.
Despite the Fund being significantly oversubscribed, AURELIUS effectively capped the Fund at EUR 350 million in order to maintain investment discipline and preserve its exceptional track record. It is delighted to be entering into a partnership with a select group of high-quality investors who will support the long-term development of the business.
Through the Fund, AURELIUS will continue its proven strategy of investing in corporate carve-outs and operational transformation in the European mid-market. The Fund will target equity tickets of up to 100 million in companies headquartered in Europe. AURELIUS will continue to focus on achieving returns through operational improvements, rather than leverage, with its portfolio companies benefiting from access to AURELIUS’ Operating Taskforce.
This closing marks another important milestone for AURELIUS, providing further sustainable value creation opportunities for its stakeholders. The Fund is the latest development of AURELIUS and will complement its investment activities in the lower mid-market (AURELIUS Equity Opportunities), small-cap buy-out (AURELIUS Growth Investments), credit (AURELIUS Finance Company) and real estate (AURELIUS Real Estate Opportunities).
“Raising a new private equity fund during this pandemic without being able to physically meet investors provided us with a complex challenge. Today we are extremely pleased with the successful closing of AURELIUS European Opportunities IV and the backing we have received from a number of prestigious institutional investors. The pandemic as well as evolving global economic and political fault lines have created a unique market opportunity for complex, operationally intensive transactions. This new fund will enable us to capitalise on these opportunities, and we look forward to delivering superior returns to our investors”, commented Dr. Dirk Markus, Founding Partner of AURELIUS. “As a leading pan-European private equity manager and investor in corporate carve-outs, we are the first choice for corporates looking to divest their non-core operations", Dr. Markus added.
AURELIUS was advised by Campbell Lutyens (exclusive global placement agent), Linklaters (legal and tax) and KPMG (financial).
AURELIUS Group is a pan-European investment group with offices in Munich, London, Stockholm, Madrid, Amsterdam and Luxembourg. Since its foundation in 2006, AURELIUS has grown from a local turnaround investor to an international multi-asset manager.
Key investment platforms are its AURELIUS European Opportunities IV fund as well as listed AURELIUS Equity Opportunities SE & Co. KGaA(“AEO”; ISIN: DE000A0JK2A8 ), which acquire corporate carve-outs and companies with development potential in the mid-market (fund) and lower mid-market sector (AEO). The investment strategy’s core element is operational support of its portfolio companies with a team of about 100 in-house operating taskforce experts.
AURELIUS Group also operates in the areas of growth capital, real estate opportunities and debt. AURELIUS Growth Investments invests in leveraged buyouts usually in succession situations. AURELIUS Real Estate Opportunities focuses on real estate investments, the value of which can be increased in the long-term by means of active management. AURELIUS Finance Company is an alternative direct lender, focused on providing flexible debt solutions to small and mid-market firms across Europe.
With its group charity AURELIUS Refugee Initiative e.V., AURELIUS provides comprehensive support for refugees on their way towards a better life.
To find out more, visit www.aurelius-group.com.
AURELIUS European Opportunities IV
Aurelius European Opportunities GP S.à r.l.
Aurelius Investment Advisory Limited