
Bregal Milestone holds €400m final close for debut fund
Bregal Milestone, backed by Bregal Investments, has held a final close on €400m for its debut private capital fund.
Alongside providing capital in non-control investments, Bregal Milestone is also seeking to provide strategic assistance, putting the firm's knowledge and relationships to work for the service of its portfolio companies in a bid to accelerate growth and create value.
Bregal Milestone is led by Jan Bruennler, Philippe Lautenberg and Cyrus Shey. Prior to founding the firm, Bruennler was a co-founding partner at Makuria Investment Management, and previously invested in and financed European companies at Och-Ziff and Goldman Sachs.
Meanwhile, Lautenberg and Shey were the co-founders and heads of Credit Suisse's European mid-market ending group, having previously held senior investment roles at Credit Suisse and Goldman Sachs, respectively.
Investors
Bregal Milestone is backed by Bregal Investments, the private equity investment business of Switzerland-based Cofra Holding. Bregal was founded in 2002 to consolidate and grow Cofra's private equity investment activities.
Investments
Bregal Milestone will make non-control investments in European family- and founder-led businesses seeking to expand internationally. The fund has a mandate to provide debt, structured equity and other minority investments tailored to suit the specific needs of each company.
Funding is used to support growth, provide liquidity to shareholders, and/or finance acquisitions. Bregal Milestone focuses on investing in businesses with strong management teams and proprietary products and services. Typical commitments range from €20-60m.
People
Bregal Milestone – Jan Bruennler, Philippe Lautenberg, Cyrus Shey (partners).
Bregal Investments – Steve Black (co-CEO).
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