Wednesday, 23 July 2014
Last updated 20 min ago
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.”
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The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…