
Carlyle Group closes Euro tech fund on EUR530m
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.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater