Zeus Private Equity (ZPE) has reached the final close of its maiden fund on more than £100m. Manchester-based ZPE was launched in December 2006 and held a second close in June 2007 on £65m. Most recent investors in the fund include Access Capital Partners, Macquarie Investment Management, New Star Private Equity Investment Trust Plc, and an additional local authority pension fund. The new player was founded by three former Aberdeen Murray Johnstone Private Equity investment partners. Gary Tipper is the managing partner alongside partners Ed Fazakerley and Tony Dickin.
Majority investment from THL Partners sees Verdane retain a minority stake in the Swedish company
GP to acquire majority stake via Fund VIII; German group’s founders to reinvest in the deal
German GP’s new vehicle will be slightly larger than its predecessor, which is set to complete deployment in two years
Italian GP has received EUR 230m in commitments to date for Fund V against a EUR 250m hard-cap