On December 31st 2016, PINOVA Capital, an independent Private Equity firm based in Munich, Germany, successfully closed its second private equity fund with a volume of EUR 180m. (hard cap).

PINOVA Fund 2 is a private limited partnership, structured in line with the EuVECA regulations. With the second fund PINOVA continues its successful strategy of making majority and qualified minority investments in high-growth, small- and medium-sized companies in Germany defined as the "Innovativer Mittelstand".

The investors are based in various jurisdictions and include institutional investors, FoF as well as high net worth individuals.

P+P comprehensively advised PINOVA Capital on all legal, tax and regulatory aspects of fund structuring, contractual documentation and the negotiations with investors with the following team:

* Dr. Peter Bujotzek (Partner, Private Funds/Tax, Lead, Frankfurt)
* Juliane Seiferth (Associate, Private Funds/Tax, Berlin)
* Lennart Lorenz (Associate, Private Funds, Frankfurt)

In 2008 P+P Pöllath + Partners had already advised PINOVA Capital on the closing of Fund 1 with a fund volume of EUR 150m.