Beechbrook mezzanine fund hits €67m first close

Beechbrook Mezzanine II has a target size of €100-120m and has received pledges for a further €25m.

The vehicle was expected to hold a first close in Q1 2013, unquote" learned at the time of the launch, with a final close expected halfway through the year.

The preceding vehicle raised around €100m and is fully invested in 16 portfolio companies.

Investors
The vehicle has been backed by six institutional investors including the European Investment Fund and the UK Department of Business, Innovation and Skills.

Investments
Beechbrook focuses on investments in companies with an enterprise value of €10-100m across a range of industries in the UK and Northern Europe. Several investments are expected before the end of the year.

Traditionally, Beechbrook has focused on UK-based SMEs, which make up almost half of the portfolio of the previous fund. The Nordic, DACH and Benelux regions are also major areas of interest.

People
Beechbrook co-founders Nick Fenn and Paul Shea head the investment team.

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• Topics
• DACH
• UK / Ireland
• Benelux
• Nordics
• Mezzanine
• Beechbrook Capital
• United Kingdom