The new firm, which has received an investment of €2bn from its former parent in exchange for a 20% stake, is to concentrate on Northern Europe. Its existing Spanish investments are to be handled by a locally-based team to exit, and the firm is currently working on plans to spin-out its Italian investments into an independently managed fund.
The executives of AAC Capital own 80% of the firm, who work from London, Amsterdam and Stockholm. The new firm will continue ABN AMRO Capital’s investment strategy by focusing on investments valued in the €50m to €500m range.