Mid Europa Partners, private equity firm focused on buyouts in central Europe, has obtained capital commitments in excess of EUR1bn for the successful first close of its third fund, Mid Eu
Mid Europa Partners, private equity firm focused on buyouts in central Europe, has obtained capital commitments in excess of EUR1bn for the successful first close of its third fund, Mid Europa Fund III, the largest buyout fund to date focusing on central and eastern Europe.
Mid Europa Fund III was launched in May, with MVision Private Equity Advisers acting as global placement agent. Mid Europa has voluntarily capped the fund at EUR1.5bn of capital commitments, which it expects to reach in the fourth quarter of the year.
‘We are very pleased to welcome back our existing investors and in addition a number of new investors, many of whom have selected Mid Europa for their first fund investment in central Europe,’ says managing partner Thierry Baudon.
‘The excellent response to our first round of fund-raising for Fund III is a reflection of the results Mid Europa has shown to date. Investors recognise both the scale of the buyout opportunities in central Europe and our ability as a market leader to realise them. The increased fund size will ensure that Mid Europa is well positioned to exploit the increasing deal flow available to it.’
Mid Europa will continue to take control stakes in leading central European companies operating in sectors with high barriers to entry. The firm will typically invest between EUR50m and EUR200m in cash-flow generative companies with enterprise values of up to EUR1bn.
Mid Europa currently advises and manages funds with committed capital of approximately EUR2.1bn. Baudon, together with partner Craig Butcher, leads a team of 18 investment professionals that has worked together since 1999 from offices in London, Budapest and Warsaw.
