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KKA Partners closes significantly oversubscribed €230 million Fund II
Berlin, 6 July 2023 – KKA Partners (“KKA”), a Berlin-based private equity firm that invests in DACH based SME companies, growing enterprises through technology enablement, today announced it has closed on €230 million in external commitments for its Fund II.
Exceeding its original target of €200 million, the Fund was significantly oversubscribed at its hard cap, with considerable support from both Fund I investors and new institutional investors from both Europe and the US. The fund has commitments from a diverse group of institutional investors, including endowment funds, pension funds, insurance companies and large family offices, as well as entrepreneurs. More than 40% of commitments came from institutional investors in the US.
Founded in 2018, KKA is focused on primary buy-outs in the DACH Region, namely Germany, Austria and Switzerland, driving growth and value creation through the technology enablement of small and medium sized companies. With decades of deep, local market expertise and a differentiated origination pipeline of high quality companies in an underserved market, KKA partners with ambitious founders and management teams attracted by KKA’s ability to accelerate growth through its proprietary technology enablement process.
Fund II has completed four platform investments, with a primary focus on the B2B services and healthcare space. KKA’s current portfolio includes Curamed, a group of private German mental health clinics, Xantaro, a German/UK IT services and software business for critical communication networks, SSF, a leader in the business process outsourcing space and Prokuras, a real estate services company.
Kaspar Hartmann, Founding Partner of KKA, commented:
“We are very pleased to have been oversubscribed for our €230 million Fund II at a time when the market is clearly facing a number of headwinds. I would like to thank investors for their trust and confidence in our team and our ability to create value through technology enablement. The DACH region, in comparison to more developed private equity markets in Europe, has historically seen less investment from private equity and offers significant opportunities for KKA to leverage its strong relationships in the region.
We look forward to partnering with founders and management teams of well-run, small and medium-sized businesses to accelerate growth, and together future-proof the Mittelstand.”
About KKA
Founded in 2018 as a purpose-led PE firm, KKA drives growth and creates value through tech-enabling small and medium-sized enterprises in the DACH Region.
With a focus on primary buy-outs in a large and prosperous but underserved market, KKA has identified an opportunity to support innovation and future-proof the ‘Mittelstand’, whilst generating superior returns for investors.
KKA’s three founders, Dominic Faber, Patrick Feller and Kaspar Hartmann, are seasoned private equity professionals with more than forty years of trusted relationships in the Mittlelstand, providing KKA with unrivalled access to SME champions in this region.
Contacts
Investor Relations
investors@kkapartners.com