Hanover Investors has raised £150 million for its third private equity investment fund, which has a target of £300 million and will focus on acquisition opportunities in small cap public markets. Fund III is expected to hold its final close by June 2023.
Hanover Investors has raised £150 million for its third private equity investment fund, which has a target of £300 million and will focus on acquisition opportunities in small cap public markets. Fund III is expected to hold its final close by June 2023.
Hanover which was founded in 2002 and focuses on investing in illiquid, under analysed companies in the UK and the Nordics, has achieved IRRs in excess of 40% over the last two decades.
Hanover Investors’ portfolio includes: Brady Technologies, a provider of commodities and energy trading and risk management software; ClearStar Inc, a provider of technology-based services specialising in background and medical screening; Kalibrate, a provider of pricing software and network planning models to the petrol retail sector; and ZetaDisplay, a service and software company headquartered in Sweden that delivers digital signage solutions.
