Stirling Square Collects €600m for Latest Fund
Stirling Square Capital Partners, a leading private equity investor in the European mid-market, announces the final closing of its Third Fund at its hard cap of €600m
Third Fund commitments exceed the size of Stirling Square’s Second Fund, which raised €375m in 2010
7 January 2016, London – Stirling Square Capital Partners (“Stirling Square”) is pleased to announce the successful final closing of its Third Fund at the hard cap of €600m, significantly above target and representing a notable increase on its €375m Second Fund. Third Fund will maintain the focus of prior Stirling Square funds, building upon the proven strategy of investing across Europe in mid-market companies offering transformational value creation potential.
Existing Second Fund investors comprise over 60% of the total Third Fund commitments, with the remainder raised from new investor relationships. Together, they represent a strong investor base of leading pension funds, fund of funds, insurance companies, endowments, family offices and sovereign wealth funds with a broad geographic representation across Europe, the US, Middle East and Asia-Pacific.
The Stirling Square team consists of fourteen experienced, multi-national professionals who originate, execute and manage opportunities in all key geographies across Europe. Since the founding of Stirling Square in 2002, the team has been a significant investor in its own funds and, consistent with that philosophy, represents more than 7% of Third Fund commitments.
Since the first close of Third Fund, Stirling Square has acquired three portfolio companies and has a number of potential investments in the pipeline.
Stefano Bonfiglio, Managing Partner at Stirling Square commented, “We are delighted to retain such a large number of our existing investors, some of whom have been investing with Stirling Square for over ten years. We are equally pleased to welcome new investors to our Third Fund. We greatly appreciate their commitment and continued resounding support for our strategy. It endorses the quality of our team and our performance, of which we are immensely proud.”
Rede Partners acted as Placement Agent and Clifford Chance as legal, tax and regulatory advisor for the fundraising.