Tuesday, 25 October 2016
Last updated 1 hour ago
Sep 7 2007 | 10:05am ET
Mid Europa Partners, a private equity firm focused on buyouts in central Europe, said it has capital commitments in excess of €1 billion at the first close of its third fund.
Mid Europa Fund III was launched in May and is capped at €1.5 billion (US$2 billion), which the firm expects to reach in the fourth quarter of the year. Mid Europa typically invests between €50 million and €200 million in companies with enterprise values of up to €1 billion.
“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,” said managing partner Thierry Baudon.