Apheon, a pan-European mid-market private equity investment company, has closed a continuation fund for TMC and Haudecoeur – two high-performing assets held in its MidCap Buyout IV SCSp (AMB IV) – at €435m, with backing from HarbourVest as lead investor.
AMB IV is selling its stake in both companies to the Apheon-managed TMC HDC Long Term Value Fund SCSp (ATH LTVF).
The transaction will consist of minority investments next to the fund by MML Capital in Dutch technology consultancy firm TMC and by LFPI in ethnic food company Haudecoeur, with both management teams and company founders reinvesting.
According to a press statement, ATH LTVF provides an extended investment horizon and additional capital to continue building both platforms and support a new phase of growth.
Existing Apheon investors were provided the option to reinvest in the continuation fund or exit their investments.
A portion of the new commitments will be available to ATH LTVF to use as follow-on capital to support organic growth and strategic M&A initiatives at both companies.
