Chequers Partenaires, a Paris-based private equity firm investing principally in control buyouts of European mid-market companies, has held the single and final closing of Chequers Capital XVII above its EUR1 billion target.
Established in 1972, Chequers Capital has been investing in unquoted companies in Continental Europe with a primary focus on France, DACH and Italy.
Over the last 45 years, Chequers has been instrumental in promoting the growth of its portfolio companies through selected acquisitions and a focus on international development, enabling the emergence of global industry leaders such as Accelya and TCR.
Chequers Capital XVII was considerably oversubscribed in less than three months with demand exceeding the fundraising target by more than two times its final EUR1.1 billion size.
Chequers Capital XVII has a well-balanced capital base of investors, including top tier pension plans, sovereign wealth funds and fund of funds, as well as by geography, with a substantial representation from Europe and the US.
Jérôme Kinas, CEO of Chequers Capital, says: “We are delighted to have successfully raised Chequers Capital XVII, having received overwhelming demand from investors globally. We feel strongly that this demand represents a vote of confidence in our strategy to back and promote leaders in their market. We remain grateful for the continued support of our existing investors, and we are proud of the high quality of the new investors we now welcome into the fund. The swift and efficient process was facilitated by the expertise of MVision, our long-standing fundraising partner.”
MVision Private Equity Advisers acted as the global strategic fundraising adviser for Chequers. Goodwin Procter acted as legal counsel.
