Fund III has raised more than €1bn for its first close, with fundraising launched in May this year. A cap of €1.5bn has been put on Mid Europa Fund III, for which
“Investors recognise both the scale of the buyout opportunities in Central Europe and our ability as a market leader to realise them,” said Thierry Baudon, managing partner at Mid Europa Partners. “The increased fund size will ensure that Mid Europa is well positioned to exploit the increasing deal flow available to it.”
Previously, Enterprise Investors’ €658m Polish Enterprise Fund VI, closed in September 2006, was the largest fund raised for the region.
Mid Europa Fund III will invest between €50m and €200m for controlling stakes in cashflow-generative businesses with enterprise values of up to €1bn.
Most recently, Mid Europa Partners bought Polish healthcare providers