Carlyle launches Europe Technology Partners IV
Carlyle has started talks with investors to raise Carlyle Europe Technology Partners IV (CETP IV) fund, with a target of тЌ1.3bn.
The fourth generation vehicle was launched last week, Unquote understands.
CETP IV will be double the size of its predecessor, CETP III, which closed on its hard-cap of €656m in 2014. CETP III has targeted European businesses with enterprise values between €25-150m.
Carlyle declined to comment on the fundraise.
Carlyle's ETP funds target European businesses focusing on telecommunications, media and technology sectors.
This year's investments via CETP III include UK-based enterprise software consultancy Livingstone Technologies; France-based HGH Infrared Systems, a provider of infrared and optoelectronic systems and software; and LPG Systems (LPG), a specialist manufacturer of non-surgical aesthetic and physiotherapy devices.
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