Carlyle Closes Second Euro Tech Fund

Nov 4 2008 | 11:46am ET

The Carlyle Group has closed its second European technology fund, Carlyle Europe Technology Partners II, at €530 million (US$677 million).

The fund will invest in small- and mid-cap buyouts focusing on technology companies in the aerospace, transportation, telecommunications and media sectors.

The fund has already completed its first acquisition of a U.K. supplier of equipment and engine components to the aviation industry.

“The close of CETP II demonstrates that investors remain confident in the outlook for established small- and medium-sized technology companies across Europe,” said David Fitzgerald, head of Carlyle Europe Technology Partners.

Carlyle currently manages some US$89.3 billion in total assets.

 


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