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Limerston Capital closes debut fund

London-based private equity firm Limerston Capital has held the final closing of its debut fund Limerston Capital Partners I with commitments above its GBP200 million target.

The Fund has attracted the support of leading pension funds, endowments and fund of funds with investor geographies covering the United States, Europe and Asia Pacific. In addition, the Limerston team is one of the largest investors in the Fund, demonstrating its close alignment of interests.
 
The Fund expects to continue to pursue control investments in mid-market companies in the UK with an EBITDA of between GBP4 million and GBP10 million and to create value through Limerston Capital’s operationally focused model.
 
Joao Rosa, Founding Partner of Limerston Capital, says: “We are delighted to have raised Limerston Capital Partners I ahead of schedule and to be partnering with a number of high quality investors. We believe that the opportunity presented in the UK is well suited to our value-driven, operationally-focussed strategy.”
 
In September 2016, the Fund completed its first platform investment, Spark Energy, a retail power supplier to rental properties. This was followed by the Fund’s second platform investment in November 2016, AdviserPlus, a leading UK HR outsourcing business.
 
MVision Private Equity Advisers acted as the global strategic fundraising adviser for Limerston Capital. Latham & Watkins acted as legal counsel.

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