CGS closes its Third Fund at CHF 208 million, above target and original hard cap

2 April, 2013 Jersey

CGS is pleased to announce that it has successfully closed its third Fund, CGS III (Jersey) L.P. (CGS III, the Fund), at a total amount of commitments of CHF 208 million. The amount originally targeted was CHF 180 million. In order to accommodate the actual level of demand, the existing investors consented to a moderate increase of the original hard cap, which had been set at CHF 200 million. A number of potential further investors had to be declined in the last phase of the fundraising process. This success confirms the attractiveness of CGS’ industrially oriented buy-­‐and-­‐build strategy with a focus on the German speaking area.

In March 2012, on the basis of an early first close, the Fund made its first investment with the acquisition of Swiss-­‐based Rauscher & Stoecklin AG, a long-­‐standing manufacturer of electrical components for infrastructure, in particular medium-­‐voltage transformers and overhead switchgear for the rail industry. Last February, the Fund set a second platform with the formation of German­‐based Top-­‐Werk GmbH with its two subsidiaires SR Schindler and Prinzing, two well­‐established manufacturers of machinery and  systems for the concrete products industry.

Since its first fund closed in 1999, CGS has consistently followed the same investment strategy featuring a buy-­‐and-­‐build approach and a special emphasis on operational excellence as main cornerstones. Investment targets are small to mid-­‐size companies in the German-­‐speaking area in selected industries where the partners of the investment team have a proven professional track record at executive level. CGS Management, a company based in Switzerland, acts as sole investment adviser to the CGS funds and Volaw Trust & Corporate Services Limited in Jersey acts as administrator.

Ashley Le Feuvre, a Director of the Fund’s Managing General Partner, said: “On the backdrop of a rather difficult fundraising environment, we are delighted with the very favorable final closing of CGS III. This success is a reflection of CGS’ consistently applied industrial approach and the resulting attractive returns its funds have provided to investors. Together with our trusted partners of CGS Management, we look forward to building an equally attractive portfolio for CGS III in the coming years.”

Source: CGS

Related Links:  www.cgs-management.com

The Fund Reviews team advised an investor in this fund.