Carlyle Group closes Euro tech fund on EUR530m

01 January 2009

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Fund

The Carlyle Group has reached the final close of its second European technology fund, Carlyle Europe Technology Partners II (CETP II), at EUR530m, exceeding its initial target of EUR500m. The fund was launched in 2007.

Investors

Investors are institutions and high-net-worth individuals, with 50% of investors coming from Europe and 50% from the US and elsewhere.

Investments

CETP II will invest between EUR20-60m in small- and mid-cap buyouts and expansion capital, focusing on technology companies operating in Carlyle's core sectors of aerospace & defence, automotive & transportation, business services, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure and telecommunications & media. The fund plans to do up to 15 deals in total over roughly a five-year period.

The new fund has completed its first acquisition, Gardner Group, a UK-headquartered supplier of metallic aerostructure details, equipment and engine components to the global aviation industry.

People

The identification and development of assets will be undertaken by Carlyle's technology team, led by David FitzGerald. The 11 investment professionals have a five-year track record, with EUR458m invested in 18 acquisitions since 2003.

Notable transactions include Inmedia, Personal & Infomatik, Cameca, NP Aerospace, bigmouthmedia GmbH, Transics and Mill Digital Media.

Name: CETP II

Closed on: EUR530m, November 2008

Focus: Small-/mid-cap, growth, buyout, technology companies

Contact: David Fitzgerald

Address: The Carlyle Group, Lansdowne House, 57 Berkeley Square, London W1J 6ER, United Kingdom

Tel: +44 20 7894 1200

Fax: +44 20 7894 1600.