28 / 12 / 2012
Egeria Private Equity Fund IV achieving first and final close at €600 million
Dutch private equity firm Egeria has reached a first and final close on its Egeria Private Equity Fund IV L.P. (the “Fund”), successfully hitting the €600m hard-cap. The Fund was oversubscribed, achieving the close after a swift and targeted fundraising that started mid-September.
The Fund will continue to target buy-out opportunities in the Dutch mid-market, leveraging its extensive network and strong reputation with business owners to source attractive, proprietary opportunities.
The success of the fundraising was underpinned by exceptional performance in Egeria’s existing portfolio and the long-term goal alignment of the team, as evidenced by a substantial GP commitment. Investors were also attracted by the experience and stability of the team, by the consistency of the strategy and by their outstanding reputation in the market.
Due to the high levels of interest, the Fund was only shown to existing investors and a limited number of new investors, with who Egeria has built a relationship over the past years. Around 80% of the fund was raised from European investors, including continuing strong domestic support from Dutch investors (ca. 25% of the fund). The fund also attracted strong international interest, with ca. 20% of the fund coming from North American commitments, showing that there is still some flow of capital eastwards over the Atlantic for European opportunities that are particularly compelling.
Caroline Huyskes, Partner of Egeria commented: “We’re very fortunate to have received such a universal show of confidence from both existing and new investors, which has allowed us to reach our fundraising goals so quickly. We’re very motivated at this opportunity to build on our current successes and to continue to back and grow market-leading Dutch businesses. Despite a continuing difficult global economic environment, we continue to see attractive opportunities in the Dutch mid-market.”
Acanthus Advisers acted as exclusive placement agent for Egeria Private Equity Fund IV L.P.
Established in 1997 and based in Amsterdam, Egeria Capital Management (“Egeria”) is the leading independent private equity firm with an exclusive focus on the Dutch mid-market. Egeria targets controlling stakes in mid-market companies in the Netherlands, or in companies with a strong Dutch link, with an enterprise value between €50 million and €250 million.
Egeria’s strong local reputation for working successfully with management teams to grow and develop established mid-market businesses is a strong differentiator. It is able to leverage its extensive network to gain deep access to exclusive deal flow and to create long-term real industrial growth, value and operational effectiveness, in close co-operation with management, with a “hands-on” approach and a philosophy based on mutual respect and trust.
Egeria seeks buy-out, buy-in, expansion capital and buy-and-build investments of €25 million to €90 million in companies with a leading market position, growing and predictable cash flows and where the team identifies significant potential to add value, accelerate growth and double EBITDA.
Publish date: 13 December 2012