Wednesday, 6 May 2015
Last updated 3 hours ago
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."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…