DGAP-News: IKB Deutsche Industriebank AG / Key word(s): Miscellaneous
IKB Deutsche Industriebank AG: Valin Funds by IKB and Seer Capital
closes Valin Funds Mittelstand Mezzanine 1 with a volume of
18.04.2013 / 13:49
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Valin Funds by IKB and Seer Capital closes Valin Funds Mittelstand
Mezzanine 1 with a volume of EUR 105 million
[Düsseldorf, 18 April 2013] IKB Deutsche Industriebank AG and Seer Capital
Management LP have closed their first common fund: Valin Funds Mittelstand
Mezzanine 1 (MM1). The fund has a target capitalisation of EUR 300 million,
and as of the initial closing has a capitalisation of EUR 105 million. The
fund will primarily invest in mezzanine loans to German Mittelstand
companies with annual sales above EUR 50 million.
Typical investment situations are expansions and internationalisations,
capital restructurings or follow-up financings. The loans can be arranged
for the specific situation of a potential borrower. Loan pricing typically
also includes a profit participation. A loan size of EUR 3 million to EUR
15 million is anticipated. Up to 20 % of the portfolio can be allocated to
Austrian and Swiss corporates.
Seer Capital is the Investment Manager while IKB is tasked with origination
and monitoring. This unique partnership allows investors to make use of
IKB's Mittelstand expertise while avoiding the conflicts of interests
inherent in bank-managed funds.
IKB Deutsche Industriebank AG supports medium-sized enterprises and private
equity funds in Germany and Europe with loans, risk management, capital
market services and advisory services.
Seer Capital Management LP is an independent investment firm based in New
York specializing in the securitized products sectors of the fixed income
markets, with assets under management of $1.9 billion.
Contact:
Dr Jörg Chittka, Telephone: +49 211 8221-4349, Patrick von der Ehe,
Telephone: +49 211 8221-4776; Fax: +49 211 8221-2776, E-mail: presse@ikb.de
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Language: English
Company: IKB Deutsche Industriebank AG
Wilhelm-Bötzkes-StraÃe 1
40474 Düsseldorf
Germany
Phone: +49 (0)211 8221-4511
Fax: +49 (0)211 8221-2511
E-mail: investor.relations@ikb.de
Internet: www.ikb.de
ISIN: DE0008063306
WKN: 806330
Listed: Freiverkehr in Berlin, Düsseldorf, Hannover, Stuttgart;
Frankfurt in Open Market (Entry Standard)
End of News DGAP News-Service
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207613 18.04.2013
DGAP-News: IKB Deutsche Industriebank AG: Valin Funds by IKB and Seer Capital closes Valin Funds Mittelstand Mezzanine 1 with a volume of
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