Apheon Management SA (Apheon) has reached the €1.25bn hard cap for its sixth flagship fund vintage, Apheon MidCap Buyout VI SCSp (AMB VI). In addition, €50m will be invested by the Apheon team and related families, bringing the total fund size to €1.3bn. As with Apheon’s prior fundraises, AMB VI was oversubscribed with demand significantly exceeding the hard cap.
AMB VI secured support from Apheon’s existing investor base which has followed the firm over multiple funds and vintages. The firm also attracted new capital from its mainstay European countries, as well as from new geographies including the Nordics, North and South America, Asia, and the Middle East. Apheon has also diversified its investor base by type – welcoming pension funds, insurance companies, foundations and endowments, asset managers, fund of funds, family offices, and entrepreneurs globally.
Apheon’s total assets under management have reached €4.5bn. The fund will continue the firm’s strategy of majority buyout investments in primary situations in the lower-mid-market, primarily partnering with families, founders, and entrepreneurs. Investments will be made in €10-25m EBITDA businesses across Core Europe (defined as Benelux, France, Germany, Italy and Spain), in the healthcare, services, consumer, and niche industrials sectors.
Apheon was advised by Evercore Private Funds Group, as the global placement agent, Houlihan Lokey Capital Solutions Group, Paul, Weiss, Rifkind, Wharton & Garrison LLP and Arendt & Medernach on the fundraising.
