WHEB Partners, the former private equity division of the WHEB Group, is now fully independent and has rebranded as Alpina Partners. In addition, the firm has held the final close of its latest private equity fund with EUR140 million in commitments.
The fund has already made investments in five companies and Alpina will continue to manage all WHEB Partners’ private equity funds.
“We are proud to announce that in addition to our existing anchor investors, the European Investment Fund, British Business Bank, Hermes GPE and investors managed by RobecoSAM, we were able to welcome prestigious new investors including Access Capital, Akina, BMO Global Asset Management, M&G Private Funds Investment and SWEN,” says Joerg Sperling, a Partner based in the Munich office.
Alpina will continue with its successful strategy of investing in growth capital and lower mid-market buyout deals in its target sectors of software, electronics, materials, industrial processes and mechanical engineering. The manager will continue to focus on companies with strong environmental, social and governance (“ESG”) credentials.
”Companies providing a solution to the environmental challenges the world faces today will continue to outperform and generate superior investment returns,” says James McNaught-Davis, a Partner based in the London office.
Meanwhile, the WHEB Group will continue to trade under the “WHEB” brand and its remaining businesses are not affected by the management buyout of the private equity business.
Alpina Partners’ new fund is supported by the European Union through the Competitiveness and Innovation Framework Programme (CIP) and by British Business Bank.
