
Stirling Square gears up for fifth fund

London-headquartered mid-market pan-European GP Stirling Square Capital Partners is gearing up for its fifth flagship fund, according to a regulatory filing.
Stirling Square Capital Partners Fifth Fund is domiciled in Luxembourg and was registered on 12 April.
The GP held a final close for Stirling Square Capital Partners IV in January 2020 on EUR 950m, surpassing its EUR 800m target. LPs in the fund include funds-of-funds managers Astorius Capital and Golding Capital Partners, as well as asset managers including Brederode, according to Unquote Data.
Stirling Square typically invests in mid-market European companies with enterprise values of EUR 50m-500m. Stirling Square IV has made seven platform investments, according to Unquote Data.
Fund IV’s investments include its acquisition of a stake in Italy-based industrial waste recycling business Itelyum alongside Deutsche Beteiligungs AG from Stirling’s third fund.
Unquote's sister publication Mergermarket reported earlier in April that Stirling was one of the interested bidders for LGT Capital Partners-backed Batisanté, a France-based building maintenance service provider. Mergermarket reported in January that Stirling was relaunching a sale of UK-based fostering agency provider Outcomes First, following an initial attempt to sell the business in spring 2021.
Stirling Square did not respond to a request for comment.
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