UK - CBPE nears £400m close for eighth buyout fund

CBPE spun out of British merchant bank Close Brothers in 2008. The vehicle will be the team's eighth buyout fund, but its first fund under the CBPE name. CBPE's previous fund closed on £360m in 2004.

The close of the eighth vehicle could be a sign that more investors are beginning to favour the mid-market scene. HgCapital is soon expected to close its sixth fund on £1.85bn, doubling its previous fund size.

CBPE could not confirm the reports at the time of going to press.

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• Buyout
• UK / Ireland