Egeria, the Dutch mid market private equity firm, has received €250m from Bregal Investments for its second fund. Egeria Private Equity Fund II has a target amount of between €400m and €450m, with a final close expected before the end of 2005. The firm is approaching Dutch and European institutions, with an emphasis on pension funds and insurance companies.
Two investments have already been made; Ad van Geloven, a Dutch frozen snack food producer, and Muelink & Grol, a Dutch manufacturer of flue gas chimneys for residential gas heating systems, for a combined price of €54m.
Egeria was created in 1997 with backing from Bregal, the investment arm of the Brenninkmeijer family, who are the owners of European clothing retailer C&A.