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Kempen European Private Equity Fund I acquires interest in German heinekingmedia

16 July 2021

Sven Smeets and Bram Bikker, managing director and director, respectively, at Kempen Private Markets, explained: ‘We see that Germany has recently redoubled their efforts to improve education by investing in digitalisation solutions. Worth mentioning in this respect is that heinekingmedia is exceptionally responsive to Germany’s specific needs for intuitive products that meet the quality standards. The digital tools this company offers can be applied in both classroom and virtual learning settings. heinekingmedia is a fast-growing enterprise that has supplied products to over 10,000 German schools and can boast a total of over 1.5 million daily mobile app and software solution users.’

The participation of the Kempen European Private Equity Fund I is a co-investment with the German investment company Premium Equity Partners. The investors are purchasing shares in heinekingmedia from the original founders and MADSACK Media Group. The founders will become members of the advisory board.

Marcel van Wijk and Fabian Walesch, managing partners at Premium Equity Partners, stated: ‘We support professional entrepreneurship within small and medium-sized businesses. heinekingmedia is a fast-growing ‘hidden champion’ that dovetails well with our investment philosophy. We are, therefore, very pleased with this opportunity to join Kempen in helping the new management team of heinekingmedia to deliver on our shared objectives for growth. We look forward to our future collaboration.’

The announcement marks the second participation of Kempen European Private Equity Fund I in Germany and its seventh participation in 2021, having earlier completed two deals in the United Kingdom, two deals in France, and one deal in Norway. This participation is the thirteenth direct participation of the Kempen European Private Equity Fund I. The investment budget of the fund is now fully reserved/committed. On 13 July 2021, Kempen introduced a second European private equity fund. The Kempen European Private Equity Fund II has the same investment philosophy as its predecessor.

About the Kempen European Private Equity Fund I
The Kempen European Private Equity Fund I was launched at the start of 2019 and is a closed-end investment fund with a minimum duration of ten years. The fund focuses on the small and lower mid-sized segment of the European buy-out private equity market in five regions: the Benelux, the German-speaking countries, France, the United Kingdom and Scandinavia. The aim is to construct a broad investment portfolio over a period of three to five years by diversifying across the listed regions and a range of sectors. The reason for this is risk diversification. 

As of April 2021, the portfolio already contained ten direct investments in companies and nine partnerships with local European investment partners that are well established in their respective regions. The fundraise for the Kempen European Private Equity Fund was successfully completed in 2019 on a total committed capital of € 192.5 million.The Kempen European Private Equity Fund has now been closed to new participants/entrants.

Disclaimer
The Kempen European Private Equity Fund (the Sub-Fund) is a sub-fund of Kempen Alternative Markets Fund SICAV-RAIF (the “Fund”), domiciled in Luxembourg. Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM is authorised as a management company and regulated by The Netherlands Authority for the Financial Markets. The Sub-Fund is registered under the license of the Fund at the Netherlands Authority for the Financial Markets. 

The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document (available in Dutch and English) and the prospectus (available in English). These documents of the Fund are available on the website of KCM (www.kempen.com/en/asset-management). The information on the website is (partly) available in Dutch and English. The Subfonds is registered for offering in a limited number of countries. The countries where the subfund is registered can be found on the website. 

The value of your investment may fluctuate. Past performance provides no guarantee for the future.

About Kempen Capital Management
Kempen Capital Management is a specialist asset manager with a focused approach and a clear investment philosophy. We believe in long-term stewardship for our clients and other stakeholders. Kempen provides sustainable returns, fiduciary management services, manager selection, portfolio construction and monitoring, alongside a number of actively-managed investment strategies. As of 31 December 2020, Kempen Capital Management had a total of €86.2 billion in client assets under management.

Kempen Capital Management, part of Van Lanschot Kempen Wealth Management NV, is a specialist and independent wealth manager. Kempen Capital Management NV is licensed as a manager of various UCITS and AIFs and authorised to provide investment services and as such is subject to supervision by the Netherlands Authority for the Financial Markets. Kempen Capital Management (UK) Ltd is licensed as a manager and subject to supervision by the Financial Conduct Authority.

For more information, please visit: kempen.com

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