Paragon Partners GmbH, a leading owner-managed private equity group in Munich, has instituted the next funds generation with the closing of “The Paragon Fund II GmbH & Co. KG”. In reaching EUR 412 million, the fund significantly surpassed its initial subscription target.
The fund’s investment focus will be on privately-held Mittelstand companies and non-core subsidiaries of larger companies, in German-speaking Europe, within the scope of “traditional” LBOs and “complex” buyouts, including turnarounds and restructurings.
Responsible for legal counsel on this matter was a team from King & Wood Mallesons SJ Berwin. Advice was provided, in particular, by partner Martin Brockhausen (International Funds, Contractual and Corporate Law, Munich) as well as the now K&L Gates partner Till Fock (Fund Structuring, Tax and Regulatory, Berlin, formerly of King & Wood Mallesons SJ Berwin).
Advice included the key fund documentation, as well as negotiations with investors.
