EQS-News

GREENPEAK Partners closes inaugural Continuation Fund led by HarbourVest Partners for two leading Germany-based companies in the specialty laboratories and Testing, Inspection, and Certification (‘TIC

Issuer: GREENPEAK Partners Advisory GmbH / Key word(s): Funds GREENPEAK Partners closes inaugural Continuation Fund led by HarbourVest Partners for two leading Germany-based companies in the specialty laboratories and Testing, Inspection, and Certification (‘TIC 16.04.2024 / 19:15 CET/CEST The issuer is solely responsible for the content of this announcement.

 

GREENPEAK Partners closes inaugural Continuation Fund led by HarbourVest Partners for two leading Germany-based companies in the specialty laboratories and Testing, Inspection, and Certification (‘TIC’) spaces

MUNICH, 16th April, 2024 – GREENPEAK Partners, a leading lower mid-market focused buy and build specialist in the DACH region, is pleased to announce the successful close of GREENPEAK Continuation              Fund I with total commitments of ca. EUR 350 million. Continuation Fund I was formed to invest into ACADEMIA and CERTANIA – two strongly performing lab and TIC groups started and built up by funds managed by GREENPEAK Fund II GmbH & Co. KG (“GREENPEAK Fund II”) in 2021. Investors in Continuation Fund I will also provide additional capital to enable GREENPEAK to continue its successful growth strategies in both companies. The transaction follows GREENPEAK’s announcement of a growth capital investment in CERTANIA from Summit Partners in August 2023.

Renowned global investors support GREENPEAK’s Continuation Fund

The innovative transaction structure caters for customized exposures across one or both companies for different investors. HarbourVest Partners is acting as the Principal Lead Investor for Continuation Fund I across ACADEMIA and CERTANIA, while Kline Hill Partners is acting as the Co-Lead Investor in ACADEMIA, alongside a consortium of international syndicate investors.

As General Partner GREENPEAK is delighted to have secured backing from a top-tier group of investors, indicating the strong investor interest for high-quality companies backed by strong General Partners in the DACH region. Furthermore, Continuation Fund I constitutes an attractive liquidity offering for GREENPEAK Fund II LPs and Co-Investors, who had the option to crystallize stellar returns or continue to support the growth strategies of ACADEMIA and CERTANIA through participation in Continuation Fund I.