European mid-market investor Ergon has raised over 580 million euros for its fourth fund, beating its target of 500 million euros. Ergon Capital Partners IV SCSP’s investors included Sienna Capital in addition to blue-chip financial institutions, asset managers, funds of funds, family offices and foundations. Houlihan Lokey Private Funds Group led the fundraise as a global adviser to Ergon, with Evercore Private Capital Advisory acting as independent adviser. Kirkland & Ellis LLP and Arendt & Medernach provided legal counsel.
Luxembourg, 27 March 2019 – Ergon a leading mid-market investor in Europe, is pleased to announce the final closing of Ergon Capital Partners IV, SCSP (“ECP IV” or “the Fund”) with capital commitments in excess of €580 million. Based on strong demand from investors, ECP IV significantly exceeded its target of €500 million.
ECP IV, Ergon’s first institutional fundraise, attracted both existing and new investors to the platform, with investors from the Benelux, France, Germany and Switzerland well represented in the Fund. The investor base includes blue-chip financial institutions, asset managers, funds of funds, family offices and foundations among others, alongside Sienna Capital, the fully-owned subsidiary of Groupe Bruxelles Lambert, who remained as cornerstone investor. All existing investors successfully re-upped into the Fund.
Wolfgang de Limburg, Managing Partner of Ergon said “We are delighted to have had so many highquality investors show their trust in our team and strategy. Ergon’s development over the past few years, including the growth of the platform and the institutionalisation of the firm, resulted in a highly successful fundraise.”
“Ergon’s differentiated positioning as a pan-European mid-market player and its reputation as a partner of choice to families, entrepreneurs and managers ensure that it is well-positioned to take advantage of the opportunity set. Our core markets continue to generate strong deal flow.” added Emanuele Lembo, Managing Partner of Ergon.
ECP IV will continue Ergon’s successful strategy of making buyout investments in attractive midmarket companies primarily in the niche industrials, healthcare, retail/consumer goods/luxury and media, services & leisure sectors, located in the Benelux, France, Germany, Italy and Iberia.
The Ergon team will retain its focus on making disciplined, responsible and discreet value investments with a long-term horizon to create value through professionalisation, operational improvement and growth acceleration.
Houlihan Lokey Private Funds Group (formerly BearTooth Advisors) led the fundraise as a global advisor to Ergon, with Evercore Private Capital Advisory acting as independent advisor. Kirkland & Ellis LLP and Arendt & Medernach acted as legal counsels.
Ergon is a mid-market private equity investment company with in excess of €1.0 billion under management from select European institutional investors and family offices, including Groupe Bruxelles Lambert, through its fully owned subsidiary Sienna Capital, as cornerstone investor.
Ergon is a disciplined and discreet value investor, which provides “patient and friendly capital” to entrepreneurs and managers, who need capital and industrial solutions to accelerate the development of their companies. Ergon makes equity investments from €25 million up to €75 million in leading companies with a sustainable competitive position in attractive niche markets located in the Benelux, France, Germany, Italy and Iberia. Ergon is advised by Ergon Capital Advisors which has offices in Brussels, Paris, Munich, Milan and Madrid. Since its inception in 2005, over successive investment programs, Ergon has raised approximately €1.6 billion, invested in 20 companies (of which 6 have been in the Benelux, 2 in France, 3 in Germany, 7 in Italy and 2 in Spain) and completed 43 add-on acquisitions for a total aggregate transaction value in excess of €3.5 billion. Ergon’s current portfolio consists of 9 companies across its target sectors.
For more information on Ergon visit www.ergoncapital.com.