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Gilde Buy Out Partners closes Fund V on €1.1bn hard cap

The Dutch firm said demand for the European mid-market strategy had exceeded capacity.

Dutch mid-market firm Gilde Buy Out Partners has held a first and final close for its fifth buyout fund on its €1.1 billion hard cap, ($1.17 billion; £0.77 billion), according to a statement from the firm.

Investor demand for the vehicle had “significantly exceeded” the designated hard cap, the group said.  

Like its four predecessors, Gilde Buy Out Fund V will focus on mid-market companies with strong market positions, clear growth potential and a focus on the Benelux or DACH regions of Europe.

In a statement, the firm said it had been able to count on strong support from existing investors but had also enjoyed “significant interest from new investors from all over the world [which had made for] a swift and successful fundraising.” 

It said investors in the fund were a blend of public pension funds, insurance companies, sovereign wealth funds, foundations, family offices and other institutional investors.  

Gilde Buy Out Partners chairman Ralph Wyss said: “We are excited by the positive response that the fund has received and are very grateful for the support and trust from both existing as well as new investors. 

“With our new Fund V and a team that has a proven track record, seasoned through multiple business cycles, we are in a great position to play a leading role in our core markets.”  

MVision Private Equity Partners acted as global fundraising adviser while Proskauer and Loyens & Loeff acted as legal counsels.  

MVision chief executive officer Mounir Guen told Private Equity International: “We are extremely pleased due to our longstanding history with Gilde. They are a very strong team with very strong market positioning, which was reflected in their very efficient fundraising.” 

Founded in 1982, the firm has completed 70 mid-market transactions since inception across a range of sectors in its two preferred regions of focus.