BID Equity raises “Overflow Fund II“ to accelerate its buy & build strategy
BID Equity announces the successful close of its BID Equity Overflow Fund II at the hard cap volume of €50 million. The fund will provide additional equity to the most promising BID Equity Fund II software platforms to allow continued buy & build.
BID Equity‘s Fund II and the Overflow Fund II invest in successful B2B software companies in Europe (focus on the DACH region) with an EBITDA between €0.5-5 million and aim to acquire majority stakes. The target companies generate revenues through own product sales, preferably focus on industry verticals and digitize critical business processes of their customers, and generate recurring revenues in excess of 50%.
BID Equity’s Overflow Fund II will enable the most potent software platforms in its main Fund II to continue their buy & build strategy beyond the original equity tickets per platform. This enables successful software groups to accelerate their inorganic growth trajectory after having established a solid platform foundation. while at the same time allowing the main fund II to maintain its diversification objectives.
Mirroring the structure of BID Equity’s main Fund II, the newly established Overflow Fund II was set up as a Luxembourg-based fund structure to cater for the interests of a diversified international investor base. The fundraising process was supported by placement agent AXON Partners as well as P+P Pöllath + Partners Rechtsanwälte und Steuerberater for legal and tax matters.