Beechbrook on the road for second €100m mezz fund

The GP is targeting a final close in the region of €100m by mid-2013, according to a source close to the situation. The fund should have an investment period of around three years.

Beechbrook was co-founded by Nick Fenn and Paul Shea in 2008, and went on to raise around €100m from a small group of institutional investors.

The GP specialises in mezzanine and also provides unitranche financing and equity co-investments on select transactions. It targets SMEs based in the UK (up to half of the portfolio) as well as the Nordic, DACH and Benelux regions.

Beechbrook has been involved in two transactions announced at the beginning of December: it provided debt to support the acquisition of UK-based recruitment services firm The SR Group by Baird, and financed the £23.5m management buy-in of McCambridge Group Holdings's cake division by NBGI Private Equity alongside PNC Business Credit.

Other deals financed by the firm in 2012 include the £24m MBO of Brand Addition by HIG Capital in March, as well as the £15m spin-off of SGX by Baird in May.

Beechbrook is also understood to be currently working on two other UK-based deals, one of which should be announced shortly.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Mezzanine
• Beechbrook Capital
• Top story