Partners, the private equity firm focused on buyouts in Central
and Eastern Europe, has announced the final closing of Mid Europa
Fund IV at €800 million, complemented by an additional
pre-allocated co-investment program of €650 million.
Fund IV represents the largest dedicated fund to Central and
Eastern Europe raised in the last five years.
The fund will follow Mid Europa's long-standing investment
strategy of targeting the Region's high growth sectors that
benefit from consumer trends, buy and build, consolidation and
regional expansion themes. Fund IV will aim to deploy individual
equity investments of €75-250 million in control buyouts of
companies with enterprise values of up to €500 million.
Mid Europa Managing Partner Thierry Baudon said: "We are
delighted with the outcome of the fundraising for Fund IV which
demonstrates continuous interest in our core region, despite
several years of challenging environment in Europe. We are
particularly pleased that nearly 70% of commitments came from
existing investors who share our confidence in the region and trust
our ability to deliver value.
"A very large proportion of our investors also expressed
strong interest in co-investing alongside the fund, which led us to
structure a pre-allocated co-investment program of €650
million alongside Fund IV. This structured approach, building upon
our extensive co-investment history in Fund II and Fund III, will
provide optimal alignment of interest and allow us to react quickly
and flexibly to changes in our target deal flow throughout the
Ogier Legal advised Mid Europa as Guernsey
legal adviser. Partner William Simpson and Managing Associate Bryon
Rees led the Ogier Legal Guernsey team and worked with lead counsel
Kirkland & Ellis International LLP on the transaction.
Mr Rees said: "We are delighted to advise Mid Europa on
their latest fund, which we believe represents the largest
dedicated fund to the region raised in the last five years. It is
good to see that Guernsey continues to be the domicile of choice
for such a leading investment manager."
Mid Europa is a leading buyout investor, focused on the growth
markets of Central and Eastern Europe with approximately €4.2
billion of funds raised and managed since inception. Mid Europa
Fund Management Limited acts as Mid Europa's Guernsey based
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