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MML launches lower-mid-market strategy for UK, Northern European B2B assets

  • Min Ho
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Private equity investor MML Capital has kicked off deployment of its new, lower-mid cap strategy targeting B2B companies serving a range of sectors.

The firm will target businesses across the UK and Nothern Europe with up to GBP 6m EBITDA and in which it can make investments of between GBP 10m to GBP 25m, according to a press release.

Earlier this week, MML announced the first deal with the new strategy, an investment in MIcompany, an artificial intelligence and machine learning service provider. The Netherlands-based company builds out AI solutions for companies such as Nike, eBay, Booking.com and Heineken in more than 25 countries.

The strategy launch coincides with the GP’s push for its flagship fund, MML Capital Partners VIII , registered last December in Luxembourg, according to Unquote Data.

MML Capital is investing its seventh fund, which raised EUR 670m against a target of EUR 550m in 2019. The vehicle targets UK, US and Northern B2B companies generating at least GBP 8m EBITDA and in which it can invest GBP 30m to 70m.

Among the GP’s latest investments are US-based industrial services group Onpoint Industrial Services, France-based Global Pallets and Packaging Services and UK-based provider of intellectual property services Rouse, all announced last year.

Exits penned for this year include German-based automation and IT consultancy group Roboyo, as reported by Mergermarket.

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