Mid Europa Raises $2.1B For Third Private Equity Fund

Oct 24 2007 | 11:58am ET

Mid Europa Partners, a private equity firm focused on buyouts in Central Europe, has closed its third fund, Mid Europa Fund III with capital commitments of €1.5 billion (US$2.1 billion).

Mid Europa’s latest offering secured the bulk of its commitments from pension plans and funds of funds, according to the firm. European and North American investors accounted for 50% and 36% of total commitments, respectively, with the balance of 14% coming from the Asia Pacific and Middle East regions. 

Fund III will typically invest between €50 million to €200 million in cash-flow generative companies with enterprise values of up to €1 billion.

Thierry Baudon, Mid Europa’s managing partner, said: “With our second fund already 80% invested in less than 24 months, this new investment vehicle will allow us to continue to take advantage of the rapidly expanding flow of quality buyout opportunities in Central Europe.”


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...