Praesidian Capital Europe, a private investment firm that provides growth capital in the United Kingdom, Germany, and Northern Europe, has successfully exited its investment in PlanetHome Group.
The investment firm backed the original carve-out of PlanetHome by AP Capital Investments from its previous pan-European parent, UniCredit Bank.
PlanetHome Group, a Munich-based real estate brokerage and mortgage brokerage business, provides real estate and mortgage brokerage services in Germany and Austria.
Founded in 2000, the group employs over 500 people in more than 80 locations and generates more than EUR100 million of revenue.
Praesidian has been a dependable and flexible partner since the initial complex transaction and onwards, according to Osman Unsal, co-founder of AP Capital Investments.
Praesidian Capital Europe typically invests between GBP5 million and GBP15 million per transaction and provides long-term growth capital to lower middle market businesses.
The investment firm backs management buyouts, recapitalizations, and refinancings. Praesidian Capital Europe invests in a range of sectors and has a strong pipeline of investment opportunities in the UK.
According to Serkan Dede, investment director at Praesidian, the firm has provided further follow-on financing to PlanetHome Group in 2016. Praesidian Capital Europe backs companies with revenues of GBP15 million to GBP100 million and EBITDA of GBP3 million to GBP15 million.
Jason Drattell, managing partner of Praesidian, stated that the partnership with PlanetHome Group has been a successful investment for the firm.
