BC Partners raises E5.8bn

BC Partners has raised Europe's biggest buyout fund by closing on E5.8bn. BCP has overtaken European rival Permira, which closed a E5.1bn fund in 2003, although CVC is expected to top both with E6bn for its next fund. BC European Capital VIII was raised in less than five months, with 90% of the capital coming from existing investors. BCP is involved in some of Europe's biggest deals, and was part of the team that bought Amadeus, the reservations company controlled by three European airlines, which was worth E4.35bn. It is also in a consortium bidding for Auna, the E12bn Spanish telecommunications business. The fund will be used to help finance 10-20 companies over the next five years, with a cumulative enterprise value of close to E20bn.

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• Southern Europe