Verium Continuation Fund
Verium I SCSp is a continuation fund established to fund the acquisition and future growth initiatives of Toradex Group and Mobil in Time Group. The fund closing in summer 2022 constituted a major landmark in the development of Verium's direct investment activities, being the first Luxembourg domiciled fund backed by institutional investors.
Since the acquisition of Toradex and MiT in 2016 and 2019 respectively, both businesses have performed strongly, have exceptional management teams driving the growth strategies and distinguish themselves through highly resilient, stable and diversified business models. Verium continues to invest and believe in the future of these businesses – Toradex’ organic strategy of delivering industrial-grade hardware platforms as well as its SaaS offering Torizon, and MiT’s acquisitive roll-up strategy which can be accelerated thanks to the additional capital of the fund.
Verium I SCSp was capitalised by Headway Capital Partners as lead investor, Kline Hill Partners as co-lead investor and funds managed by UBS Asset Management, alongside a number of private investors. The transaction allowed Verium to realise attractive returns for its existing investors, while being able to drive the next chapter of value creation for Toradex and MiT.
Facts & Figures
- FUND NAMEVerium I SCSp
- FUND SIZECHF 120 Mio.
- CLOSING DATESeptember 2022
- INVESTMENTSToradex / Mobil in Time
- LEAD INVESTORHeadway Capital Partners
- CO-LEAD INVESTORKline Hill Partners
- VERIUM TEAMMarc Erni, George Merk, Frederik Hädicke