Ergon closes Ergon Capital Partners IV on €580m
Mid-market Belgium-headquartered investor Ergon Capital has held a final close for Ergon Capital Partners IV in excess of €580m, surpassing its target of €500m.
Ergon launched its fourth fund in December 2017. Houlihan Lokey private funds group, formerly BearTooth Advisors, served as placement agent to Ergon Capital on this fundraise, while Evercore Private Capital Advisory acted as independent adviser.
Ergon's latest vehicle is smaller than its predecessor; Ergon Capital Partners III closed in 2010 on €775m.
Investors
Financial institutions, asset managers, funds-of-funds, family offices and foundations made commitments to ECP IV. LPs are based in Benelux, France, Germany and Switzerland.
Sienna Capital, the fully owned subsidiary of Groupe Bruxelles Lambert (GBL), has remained as cornerstone investor. GBL is a holding company that has been listed since 1956 and has a market cap of €15bn as of September 2018.
All existing investors recommitted to the fund, according to a statement by the firm, with some investors new to Ergon funds also committing to the vehicle.
Investments
Ergon makes equity investments from €25-75m in companies located in Benelux, France, Germany, Italy and Iberia. The fund will back businesses operating in sectors including niche industrials, healthcare, retail, consumer goods, luxuries, media, services and leisure.
People
Ergon Capital – Wolfgang de Limburg, Emanuele Lembo (managing partners).
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