Mayfair closes maiden fund on £400m

The figure is considerably higher than the £350m target originally set for the new buyout and growth capital fund.

The GP said in a statement the new vehicle, Mayfair Equity Partners Fund 1, will also have access to co-investment capital.

Mayfair was founded in 2014 when Sasaki left his role as head of LDC's London office to set up his own firm. The new GP subsequently hired a host of LDC's London-based investment directors including Waqqas Ahmad, Bertie Aykroyd, Kunal Dasgupta and Maria Carradice.

Triago acted as placement agent and Macfarlanes acted as legal counsel in the fundraising process, which was originally announced in October 2014.

Investors
The fund attracted commitments from institutional investors from the UK, continental Europe, the Middle East and north Africa. LPs included pension funds, asset managers, funds-of-funds, sovereign wealth funds and family offices.

According to unquote" data, the fund has raised commitments from the European Investment Fund, Hermes GPE and Goldman Sachs Private Equity Group.

Investments
Mayfair Equity Partners Fund 1 aims to make between 8-12 investments in the technology and consumer sectors.

The GP has made four investments to date, including the management buyout of Middlesex-based Hotels & More, the acquisition of an £82m controlling stake in London-based sushi restaurants chain Yo! Sushi, an investment in energy business Ovo, and the £50m buyout of fishing tackle business Fox International.

For detailed information on Mayfair's maiden vehicle, visit our dedicated fund profile on unquote" data.

People
Mayfair Equity Partners – Daniel Sasaki (managing partner, founding partner); Waqqas Ahmad, Bertie Aykroyd, Kunal Dasgupta (founding partners).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Funds
• Buyout
• UK / Ireland
• United Kingdom
• Mayfair Equity Partners