Ahmed Arafa
The European firm’s now fully-realised second fund has given LPs a 2.7x return.
The private equity arm of the French insurance giant will make twice its original investment when the deal is finalised.
The deal, a corporate carve-out of a packaging company, is familiar territory for Sun Capital Partners’ European affiliate.
Commerzbank and ING have provided the senior debt package for the secondary buyout of GHD Gesundheits.
Montagu’s pending £222m purchase of web-hosting company Host Europe will put the firm’s third fund at the 75% deployed mark.
The group has hired former Swiss banking veteran Vincenzo Narciso for its placement team.
The firm has brought in former Laura Ashley veteran Hans Ouwendijk to run Vlisco, a Dutch maker of fabrics for West African clothing.
The MENA-focused manager has been given a license to operate from Dubai’s main financial centre.
Smaller vehicles face an uphill struggle in whipping up investor interest, according to Ian Barrass, portfolio manager of HPEQ, a listed European private equity trust in wind down-mode.
The $58m investment in Brazilian supermarket chain operator CSD marks Actis’ first Latin American acquisition since spinning out from CDC Capital.