Mid Europa reaches close for new fund

Mid Europa reaches close for new fund

Published: August 8, 2014

€800mn Mid Europa Fund IV is the largest raised for Central & Eastern Europe for five years.

Mid Europa Partners, a private equity firm focused on Central & Eastern Europe, has reached the final closing for its Mid Europa Fund IV, the largest dedicated fund for the region raised in the past five years.

The fund has closed at €800mn (US$1.07bn), with an additional pre-allocated co-investment programme of €650mn. More than 70% of the commitments came from existing investors. Mid Europa will use the money to back businesses with enterprise values of up to €500mn, spending €75mn-€250mn per buyout.

In a statement announcing the closing, Thierry Baudon, Mid Europa’s managing partner, said it “demonstrates continuous interest in our core region, despite several years of challenging environment in Europe”.