Riverside Closes €315M European Fund

Jul 12 2007 | 2:01pm ET

The Riverside Company has closed its third European fund at €315 million (US$433 million).

Institutional investors and investment advisors that invested in the fund include Massachusetts Mutual Life Insurance Company, Alfred I. duPont Testamentary Trust and Altius Associates.

Riverside Europe Fund III focuses on the smaller end of the middle market spectrum on companies with enterprise values between €15 million and €120 million. "After 18 years of hard work, we are now able to say that Riverside holds the distinction of being the only pan-European buyout firm focused exclusively on the smaller end of the middle market,” said Béla Szigethy, Riverside’s co-CEO.

“Although much larger than our last European fund, the size of REF III fits perfectly with our current pace of investment in Europe. We have been very active in that market in the recent past, completing six European acquisitions and two exits since January 2006. We expect that pace to accelerate as we continue to open new offices, most recently in Brussels and Madrid."


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of