Bregal Investments has secured a EUR400 million capital commitment for Bregal Milestone’s maiden private capital fund.
Bregal Milestone will make non-control investments in profitable, growing European family and founder-led businesses with global ambitions. The fund has a mandate to provide debt, structured equity and other minority investments tailored to suit the specific needs of each company. Funding is commonly used to support growth, provide liquidity to shareholders, and/or finance acquisitions.
Bregal Milestone focuses on investing in businesses with strong management teams and proprietary products and services. Typical commitments range from EUR20 million to EUR60 million. The Bregal Milestone team will also provide strategic assistance, putting the firm’s knowledge and relationships to work for the service of its portfolio companies to accelerate growth and create lasting value.
Bregal Milestone is led by Jan Bruennler, Philippe Lautenberg and Cyrus Shey, a tight-knit group of partners with a track record of successful growth and middle market investing. Prior to founding the firm, Jan was a co-founding partner at Makuria Investment Management, and previously invested in and financed European companies at Och-Ziff and Goldman Sachs. Philippe and Cyrus were the co-founders and Heads of Credit Suisse’s European Middle Market Lending group, having previously held senior investment roles at Credit Suisse and Goldman Sachs, respectively.
“We are pleased to partner with Jan, Philippe, Cyrus and their team in forming Bregal Milestone,” says Steve Black, Co-CEO of Bregal Investments. “Their strategy of providing debt and non-control flexible capital to growth companies should continue to provide compelling risk-adjusted returns throughout market cycles and will be complimentary to Bregal’s current offerings. We are confident they will bring to bear their experience and networks for the benefit of Bregal and their investee companies.”
Bruennler adds: “In Bregal we found the ideal partner with a highly successful and differentiated track record backing entrepreneurial investment teams. Their commitment to our fund enables us to accelerate our investment activity in partnership with the family and founder-led European businesses we focus on. We thank our partners at Bregal Investments for their support. We look forward to building a world-class investment business together.”
