Trilantic to launch €1.2bn sixth buyout fund
Trilantic Capital Partners Europe will launch its sixth buyout fund with a €1bn target and a €1.2bn hard-cap in the first half of 2020, Unquote understands.
Trilantic Capital Partners Europe VI will acquire majority stakes in mid-market European companies operating in the consumer, industrials, TMT, healthcare and business services sectors, and generating EBITDA of at least €20m. It will deploy equity tickets in the €70-120m range and ink 10-12 deals.
The fund expects to receive commitments from a diversified base of LPs, including pensions funds, insurance companies and family offices. Around 70% of the investors will come from Europe (10% from Italy and the remainder primarily from France, Germany and the Netherlands), 20% from the US and 10% from Asia.
The fund will be larger than its predecessor, Trilantic Europe V, a €900m vehicle that has deployed more than €600m so far and expects to end its investment period in the next four months, Unquote understands.
Trilantic is a mid-market specialist that focuses predominantly on proprietary deals and non-auction transactions. The firm has recently exited Italian sports betting and gambling specialist Gamenet, reaping a 3.5x return.
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