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04.07.2024 08:29:58 - dpa-AFX: EQS-News: Golding announces successful exit for buyout co-investment strategy (english)
Golding announces successful exit for buyout co-investment strategy
Issuer: Golding Capital Partners GmbH / Key word(s): Funds/Funds
Golding announces successful exit for buyout co-investment strategy
04.07.2024 / 08:29 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Golding announces successful exit for buyout co-investment strategy
Munich, 4 July 2024 - Golding Capital Partners, one of Europe's leading
independent asset managers for alternative investments, has announced the
second successful exit from its 'Buyout Co-Investment 2020'. The private
equity manager Livingbridge reported the partial sale of its portfolio
company Quorum Cyber in June. Golding Capital Partners was a co-investor in
the business via its Golding Buyout Co-Investment 2020 vehicle. The new lead
investor is the US private equity fund Charlesbank Capital Partners. The
transaction also includes a reinvestment by Livingbridge and Golding.
"We have accompanied the successful operating performance of Quorum Cyber
with great enthusiasm since 2022 and are proud to have generated liquidity
for our investors in this complex market environment. At the same time we
are delighted to accompany as an investor the company's continued
development going forward. Quorum Cyber is one of the first portfolio
companies in 'Golding Buyout Co-Investment 2023', which will give our
investors access to a broadly diversified portfolio, with a focus on
businesses in fast-growing sectors in Europe and the USA", said Daniel
Boege, Partner and Head of Buyout at Golding.
The cyber-security provider Quorum Cyber was founded in 2016 and protects
more than 150 companies worldwide against cybercrime. The company is one of
the leading specialists for security solutions related to the Microsoft
cyber-security product portfolio in the UK, and has more than tripled its
global workforce since Livingbridge's investment in 2022. The transaction
raised additional capital to develop new cyber-security services and
turbo-charge the company's dynamic expansion in the USA.
Golding Buyout Co-Investment 2023 is making good progress with its portfolio
construction. In addition to Quorum Cyber, the programme has invested in two
more software companies in Scandinavia and Spain, as well as in an Austrian
packaging business and a global provider of testing, inspection,
certification and compliance services.
About Golding Capital Partners GmbH
Golding Capital Partners GmbH is one of Europe's leading independent asset
managers for alternative investments, focusing on the asset classes
infrastructure, private credit, private equity, secondaries and impact. With
a team of more than 200 professionals at its offices in Munich, Luxembourg,
Milan, Tokyo and Zurich, Golding Capital Partners helps institutional and
professional investors to develop their investment strategy and manages more
than EUR14 billion in assets. Its roughly 230 investors include pension funds,
insurance companies, foundations, family offices and ecclesiastical
institutions, as well as banks, savings banks and cooperative banks. Golding
became a signatory of the United Nations Principles for Responsible
Investment (UNPRI) in 2013 and has been a supporter of the Task Force on
Climate-related Financial Disclosures (TCFD) since 2021.
Further information
Disclaimer
An investment in the fund is reserved for professional clients within the
meaning of the European Markets in Financial Instruments Directive (MiFID)
and represents an entrepreneurial investment which, in addition to
opportunities for returns, also involves risks up to and including the total
loss of the invested capital. An investment decision should be made solely
on the basis of the information provided to investors as required by law.
We would like to point out that the document do not constitute investment
advice or advice of any other kind, nor an offer or invitation to invest in
the fund, nor do they meet the legal requirements for ensuring the
impartiality of financial analyses.
We would also like to point out that past performance and forecasts are not
a reliable indicator of future performance. We cannot guarantee that the
forecasts will actually materialize. No one should act on the basis of the
information contained in this document without a thorough analysis of the
situation in question and without seeking appropriate professional advice
from qualified third parties.
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Dissemination of a Corporate News, transmitted by EQS News - a service of
EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
Issuer: Golding Capital Partners GmbH / Key word(s): Funds/Funds
Golding announces successful exit for buyout co-investment strategy
04.07.2024 / 08:29 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Golding announces successful exit for buyout co-investment strategy
Munich, 4 July 2024 - Golding Capital Partners, one of Europe's leading
independent asset managers for alternative investments, has announced the
second successful exit from its 'Buyout Co-Investment 2020'. The private
equity manager Livingbridge reported the partial sale of its portfolio
company Quorum Cyber in June. Golding Capital Partners was a co-investor in
the business via its Golding Buyout Co-Investment 2020 vehicle. The new lead
investor is the US private equity fund Charlesbank Capital Partners. The
transaction also includes a reinvestment by Livingbridge and Golding.
"We have accompanied the successful operating performance of Quorum Cyber
with great enthusiasm since 2022 and are proud to have generated liquidity
for our investors in this complex market environment. At the same time we
are delighted to accompany as an investor the company's continued
development going forward. Quorum Cyber is one of the first portfolio
companies in 'Golding Buyout Co-Investment 2023', which will give our
investors access to a broadly diversified portfolio, with a focus on
businesses in fast-growing sectors in Europe and the USA", said Daniel
Boege, Partner and Head of Buyout at Golding.
The cyber-security provider Quorum Cyber was founded in 2016 and protects
more than 150 companies worldwide against cybercrime. The company is one of
the leading specialists for security solutions related to the Microsoft
cyber-security product portfolio in the UK, and has more than tripled its
global workforce since Livingbridge's investment in 2022. The transaction
raised additional capital to develop new cyber-security services and
turbo-charge the company's dynamic expansion in the USA.
Golding Buyout Co-Investment 2023 is making good progress with its portfolio
construction. In addition to Quorum Cyber, the programme has invested in two
more software companies in Scandinavia and Spain, as well as in an Austrian
packaging business and a global provider of testing, inspection,
certification and compliance services.
About Golding Capital Partners GmbH
Golding Capital Partners GmbH is one of Europe's leading independent asset
managers for alternative investments, focusing on the asset classes
infrastructure, private credit, private equity, secondaries and impact. With
a team of more than 200 professionals at its offices in Munich, Luxembourg,
Milan, Tokyo and Zurich, Golding Capital Partners helps institutional and
professional investors to develop their investment strategy and manages more
than EUR14 billion in assets. Its roughly 230 investors include pension funds,
insurance companies, foundations, family offices and ecclesiastical
institutions, as well as banks, savings banks and cooperative banks. Golding
became a signatory of the United Nations Principles for Responsible
Investment (UNPRI) in 2013 and has been a supporter of the Task Force on
Climate-related Financial Disclosures (TCFD) since 2021.
Further information
Golding Capital Partners GmbH PB3C GmbH Susanne Stolzenburg Johannes Braun Director, Head of Marketing & Communications PR Director Real Assets T +49 (0)89 419 997 553 T +49 (0)89 242 0865 36 stolzenburg@goldingcapital.com braun@pb3c.com
Disclaimer
An investment in the fund is reserved for professional clients within the
meaning of the European Markets in Financial Instruments Directive (MiFID)
and represents an entrepreneurial investment which, in addition to
opportunities for returns, also involves risks up to and including the total
loss of the invested capital. An investment decision should be made solely
on the basis of the information provided to investors as required by law.
We would like to point out that the document do not constitute investment
advice or advice of any other kind, nor an offer or invitation to invest in
the fund, nor do they meet the legal requirements for ensuring the
impartiality of financial analyses.
We would also like to point out that past performance and forecasts are not
a reliable indicator of future performance. We cannot guarantee that the
forecasts will actually materialize. No one should act on the basis of the
information contained in this document without a thorough analysis of the
situation in question and without seeking appropriate professional advice
from qualified third parties.
---------------------------------------------------------------------------
Dissemination of a Corporate News, transmitted by EQS News - a service of
EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
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