Ergon announces the final closing of Ergon Capital Partners V at €800 million, oversubscribed and at an extended hard cap, bringing its total assets under management to €2.5 billion
Ergon Capital Partners (“Ergon”), a leading mid-market investor in Europe, is pleased to announce the final closing of Ergon Capital Partners V, SCSp (“ECP V” or “the Fund”) with capital commitments of €800 million, significantly exceeding its target and initial hard cap of €750 million. This closing brings Ergon’s total assets under management to €2.5 billion.
ECP V benefited from significant demand from existing Limited Partners, supported by a near universal reinvestment rate from institutional investors of its predecessor fund, and welcomed many new investors to the platform. The ECP V investor base consists of a mix of family capital from entrepreneurial families and reputable family offices, and of institutional capital from blue-chip asset managers, pension funds, funds of funds and foundations, from Ergon’s core European geographies, as well as Switzerland, the United Kingdom, North America and the Middle East.
Wolfgang de Limburg, Managing Partner of Ergon said “We are very grateful for the continuous support of our existing investors and to have attracted such high-quality new investors, each showing their trust in our team and strategy. Ergon’s development over the past few years, including the growth of the platform, resulted in a highly successful and oversubscribed fundraise.”
ECP V will continue Ergon’s successful strategy of making buyout investments in attractive mid-market companies primarily in the healthcare, media, services & leisure, consumer goods & luxury, and niche industrials sectors, located in the Benelux, France, Germany, Italy and Spain. ECP V has already committed ~20% of its capital to three transactions and enjoys a rich pipeline of attractive potential investments. The Ergon team will continue to make disciplined, responsible and discreet value investments providing capital with a focus on creating sustainable value through growth acceleration, internationalisation, professionalisation and operational improvements. Ergon seeks to partner with family-owned businesses, managers and entrepreneurs who see Ergon as a long-term partner in growth. ECP V will be positioned as an Article 8 fund under the EU Sustainable Finance Disclosure Regulation (“SFDR”), reflecting Ergon’s continuous focus on environmental, social and governance (“ESG”) aspects and active support to its portfolio companies throughout its investment period.
Houlihan Lokey Private Funds Group led the fundraise as exclusive global advisor to Ergon. Kirkland & Ellis LLP and Arendt & Medernach acted as legal counsels.
Ergon is a mid-market private equity investment company with €2.5 billion of assets under management from select European institutional investors and families. Ergon is a disciplined, discreet and responsible value investor, which provides “patient and friendly capital” to entrepreneurs and managers, who need capital, industrial know-how or technological solutions to accelerate the development of their companies. Ergon makes equity investments in leading companies with a sustainable competitive position in attractive niche markets located in the Benelux, France, Germany, Italy and Spain, with a constant focus and active support on environmental, social and governance (“ESG”) matters throughout its investment period. Ergon is advised by Ergon Capital Advisors which has offices in Brussels, Amsterdam, Paris, Munich, Milan and Madrid. Since its inception in 2005, Ergon has raised ~€3.0 billion, invested in 34 companies (11 in the Benelux, 4 in France, 6 in Germany, 9 in Italy and 4 in Spain) and completed ~90 add-on acquisitions for a total aggregate transaction value in excess of €6.0 billion. Ergon’s current portfolio consists of 20 companies across its target sectors, representing a group of more than €2.0 billion sales and 18,000 employees. For more information on Ergon visit www.ergoncapital.com.
For more information, please contact:
Ergon John Mansvelt
+32 (2) 213 60 93