ISIS IV Closes at 235m

ISIS, the UK lower mid-market private equity firm, has announced the close of the ISIS IV LP fund at £235m (€329m).

The ISIS team committed a further 1.5% bringing the final fund size to just over £238.5m (€333.6m).

The fund will focus on the lower end of the mid market, investing in buyout opportunities of small to medium sized businesses in the UK. It will invest between £6m and £20m in deals with an enterprise value of between £15m and £75m. ISIS focuses on five sectors: Business Services, Financial Services, Consumer Markets, IT & Media and Healthcare & Education.

The ISIS team, led by the Partners who have worked together since 1999, spun-out from F&C Asset Management in June 2005. Since 1999 ISIS has backed 38 businesses achieving 23 exits. ISIS IV is the first fund it has raised as a fully independent firm.

Acanthus Advisers, London acted as placement agent for the Fund.