Langholm holds first close of fund on EUR150m

19 October 2009

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Fund

Langholm Capital has held a first close of its second fund, Langholm Capital Fund 2, on EUR150m. The close officially completed in January of this year, but was not formally announced to the market. The vehicle, which is structured as a 10+2-year LP based in the UK, has a target of EUR350m. Terms and conditions have been described as industry standard. Sixpoint Partners are acting as placing agents for the Middle East and US-based investors, while Matrix is acting for European LPs. Macfarlanes provided legal advice.

Investors

LPs will comprise corporates, funds-of-funds, pension funds, financial institutions and family offices in Europe, the Middle East and the US, including names such as Unilever and Rabobank.

Investments

Langholm Capital Fund 2 will continue Langholm's strategy of investing in mid-market buyouts by investing between EUR10-75m in mid-market consumer sector-focused companies in the UK, Scandinavia, Benelux and Germany.

The fund will look to acquire controlling stakes in businesses and is open to co-investing with other buyout houses in France, Spain and Italy. Langholm expects to make between 8-12 investments from this fund in total. A final close is expected by H1 next year.

People

Bert Wiegman and Christian Lorenzen are the managing partners of the fund, supported by a team of 14 investment professionals based from the firm's offices in London.

Name: Langholm Capital Fund 2

Closed on: EUR175m

Target: EUR350m

Focus: Buyouts, growth, UK, Europe

Contact: Bert Wiegman and Christian Lorenzen

Address: 1st Floor Charles House, 5-11 Regent Street, London SW1Y 4LR, UK

T: +44 (0)20 7484 8850

F: +44 (0)20 7484 8851

Advisers: Sixpoint Partners (Placement agent - US, Middle East); Matrix (Placement agent - Europe); Macfarlanes (Legal).