Herbst Kinsky advised the management on the structuring of the Austrian Growth Capital Fund (AGCF)
Herbst Kinsky advised Karl Lankmayr and Daniel Jennewein, Managing Director and Partners of AG Capital, on the structuring of the Austrian Growth Capital Fund (AGCF), which recently announced its successful first closing in the amount of EUR 140 mio. AGCF provides entrepreneurial equity to SMEs in Austria and neighboring countries through majority and minority investments.
The current capital commitments to AGCF come from a broad base of institutional investors led by Raiffeisen Bank International, which has supported the fund as an anchor investor and together with C-Quadrat Investment Group as initiator from the beginning. The European Investment Fund (EIF) and Raiffeisen Holding Niederösterreich-Wien were also won as major anchor investors for the AGCF. The other investor base consists of banks, insurance companies, pension and provident funds, family offices, as well as the founding partners of AG Capital, which include the managing directors and the C-Quadrat Investment Group.
AG Capital is an independent investment company based in Vienna. As an entrepreneurial partner, AG Capital provides buy-out and growth capital of up to EUR 20 million per investment for innovative medium-sized companies in Austria and neighboring countries. AG Capital’s target companies have revenues starting at around EUR 10 million and a sustainable profitable business model with further development potential.
The Herbst Kinsky team consisted of Wolfgang Schwackhöfer and Christoph Ludvik.