Five Arrows Principal Investments, the private equity arm of Rothschild Merchant Banking, has held a final close for Five Arrows Principal Investments III (FAPI III) on its €1.25bn hard-cap.
TCA forms part of the shareholding of France-headquartered asset manager Tikehau Capital
MD Start, which is a group of three funds, was started by Sofinnova Partners in 2010
Sale ends a four-year holding period for the GP, which bought the company via its BCPE Fund II
Fund has a growth equity strategy, and enables the firm to make minority investments of $50-150m