Hamburg-based private equity firm BID Equity announces the successful final close of BID Equity Fund II. The fund closed at the targeted hard cap volume of €125 million plus a significant commitment by the BID Equity team.
BID Equity 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.
BID Equity Fund II focuses on B2B software companies with buy & build potential
BID Equity Fund II invests in successful B2B software companies in Europe (focus on the DACH region) with an EBITDA between €0.5-5 million and aims to acquire majority stakes.
The target companies are preferably focused on industry verticals and digitize critical business processes of their customers. Typically, more than 60% of their revenues are generated with own product sales (i.e. license sales, maintenance, SaaS contracts and product-related projects) while recurring revenue shares (i.e. through maintenance and SaaS contracts) exceed 50%.