eevolve AG (‘eevolve’), a new group in the DACH region with a focus on Swiss small buyouts, is pleased to announce the successful final closing of eevolve Partnership SCSp (the ‘Fund’) at its EUR 372 million hard cap. The Fund was oversubscribed, surpassing its target fund size of EUR 350 million, with strong support from sophisticated institutional and private investors, located in Switzerland, Europe, and the USA.
Building on the eevolve team’s longstanding shared history and unique positioning in the Swiss lower mid-market, with strong proprietary access to high quality businesses, the Fund will focus on SMEs with a clear emphasis on Switzerland. eevolve’s investment strategy revolves around identifying and capitalizing on asset light champions with tailwinds from megatrends in the healthcare, services & software, and smart industrials sectors, typically accessing these through providing succession solutions as trusted partners to entrepreneurs.
With leading Swiss ophthalmic care and surgery clinics platform Gutblick and engineering and consulting company RMB Group, eevolve already boasts two strong platform investments, with significant further platform and add-on opportunities in the pipeline.
“We are very excited to enter into many new high-growth partnerships with entrepreneurs and to enable succession solutions” said Eric Trüeb, Co-Founder of eevolve. “The last eighteen months have been the most challenging fundraising environment the industry has faced in decades. Exceeding our targeted fund size as a new firm is something which we’re truly grateful to our investors for.”, Philippe Bucher, Co-Founder of eevolve added. Ueli Eckhardt, Co-Founder of eevolve pointed out: “This fantastic result is proof that our focus on Swiss SMEs is very well aligned with our extensive track record at creating operational value and supporting high-growth growth outcomes”.
Asante Capital Group acted as eevolve’s exclusive global fundraising adviser, with Clifford Chance acting as fund legal adviser.
About eevolve
eevolve, based in Zurich, Switzerland, was established in 2022. eevolve invests in small and mid-cap buyouts situations in the DACH region with a focus on Switzerland. The eevolve team combines longstanding private equity as well as operational experience and commands a successful track record in building sustainable businesses.
About Asante
Asante Capital Group is a leading independent private equity placement and advisory group. Founded in 2010, the firm has offices in London, New York City, Hong Kong, and Munich. The team of over 75 professionals has advised on over $100 billion of successful private capital raisings across the globe, raising capital from North American, European, Middle East and Asia-Pacific-based investors. Asante specializes in GP advisory and fundraising support across primary, direct and secondary investments.
