Dresdner Kleinwort Wasserstein has sold its position in Kleinwort Capital Partners IV for £60m to Partners Group and F&C Private Equity Trust plc. Partners Group acquired 75% of this commitment and F&C Private Equity Trust purchased the remainder.
Since Kleinwort Capital set up in 2001, there has been a change in management and strategy within DKW’s private equity division, which made sense for DKW’s exit.
Richard Green, managing director at KCL, said: “We are absolutely delighted to have two such well regarded limited partners on board. With long and successful track records in private equity investing, they are serious industry players. The backing and support of both investors demonstrates the robust performance we continue to generate in UK mid market private equity transactions in the technology, healthcare, media and specialist manufacturing sectors.”