Spice Private Equity AG
SPCE
Spice Private Equity AG, a Switzerland-based private equity and venture capital... Spice Private Equity AG, a Switzerland-based private equity and venture capital firm, primarily conducts its investment activities through its subsidiary, Spice Private Equity (Bermuda) Ltd. Its core strategy revolves around direct equity investments, either independently or alongside other private equity partners. These direct investments target both privately held companies and the acquisition of shares in publicly traded entities. Beyond direct stakes, the firm allocates capital to funds, specifically through primary or secondary transactions in vehicles managed by its parent company, GP Investments, Ltd. On occasion, it also participates in funds overseen by independent third-party managers. Its direct investment mandate spans a broad spectrum of opportunities, encompassing emerging markets, middle-market enterprises, and various stages of company development from late venture and later-stage growth to mature businesses. This includes pursuing industry consolidation, Private Investments in Public Equity (PIPEs), recapitalizations, management buyouts, and providing growth capital. When investing in funds-of-funds, it targets private equity, buyout, venture, and development strategies across North America, Europe, and other global regions. Sector-wise, the firm's focus includes consumer goods, telecommunications, education, financial services, infrastructure, and healthcare services. Geographically, its direct equity investments are strategically allocated, with an emphasis on Asia Pacific (targeting 50-60%), followed by Sub-Saharan Africa and Latin America (each typically receiving 20-30% of capital). A key criterion for these direct investments, whether in private businesses or public company shares, is the ability for the investor group to exert substantial influence over the management of the portfolio companies. Individual investment sizes typically range from $10 million to $60 million, and the firm is also open to investments denominated in various foreign currencies. Additionally, it actively pursues co-investment opportunities and may, on an opportunistic basis, allocate capital to specific credit products. Established in 1999 as APEN AG, Spice Private Equity AG maintains its headquarters in Zug, Switzerland. It further extends its global footprint with offices in Hamilton (Bermuda), London (United Kingdom), Singapore, and the United States. The firm operates as a subsidiary of GP Investments, Ltd.
