Egeria closes Private Equity Fund IV after hitting €600m cap
Egeria, the Dutch private equity firm, has closed its four fund, Egeria Private Equity Fund IV, after it was oversubscribed at its €600m cap.
Fundraising started in mid-September this year, with about 80% of the money raised coming from European investors, particularly Dutch investors, who account for 25% of the fund. A further 20% came from North American investors.
Proceeds will be used to to target buy-out opportunities in the Dutch mid-market. Egeria’s business model sees it target investments of between €25m-€90m in companies with strong positions in their respective markets, that have growing cash flows, and where Egeria believes it can accelerate growth and double earnings before interest, tax, depreciation and amortisation.
Caroline Huyskes, partner at Egeria, said: “We’re very fortunate to have received such a universal show of confidence from both existing and new investors, which has allowed us to reach our fundraising goals so quickly. We’re very motivated at this opportunity to build on our current successes and to continue to back and grow market-leading Dutch businesses. Despite a continuing difficult global economic environment, we continue to see attractive opportunities in the Dutch mid-market.”