With €950 million in total commitments, the Fund is Stirling Square’s largest to-date and will focus on the European mid-market. The firm will continue to execute their strategy of pursuing value-oriented transactions with a clear emphasis on business transformation.
The Fund has already made three significant investments, acquiring France-headquartered Verescence, a global leader in glass packing for the perfumery and cosmetics industry; Logent, a provider of customised logistics solutions in the Nordics; and Assistansbolaget, a leading B2C roadside assistance insurance provider in Sweden.
Aztec Group supported Stirling Square with the set-up, launch and closing of the Fund, and will continue to provide administration and governance services from its Jersey office. Specialising inalternative investments, the Group employs more than 950 people and administers over €370 billion of assets for more than 240 clients.
Chris Black, Partner and CFO of Stirling Square said:
“We’re delighted to have closed our fourth fund, having exceeded our fundraising target once again. This successful process was ably supported by the Aztec Group, which continues to be a valuable partner to our business. Their expertise and experience in the European mid-market sectors have been integral to the development and maintenance of our first-class administration and governance platform.”
Michelle McNaney, Director and Co-head of Private Equity – Jersey, Aztec Group, said:
“Congratulations to Stirling Square on a successful fundraise. This reflects investors’ confidence in the firm’s highly focused investment strategy, their strategic architecture and market relationships. We look forward to deepening our longstanding partnership and having the opportunity to apply our knowledge of Stirling Square’s operational requirements and this sector to their exciting new fund.”