Kleinwort Capital Limited ('KCL'), an independent private equity firm investing in the UK lower mid-market, today announces that it has two new investors on board - Swiss-based Partners Group and F&C Private Equity Trust plc.
These new investors have bought out Dresdner Kleinwort Wasserstein's ('DKW') £60 million commitment in KCL's latest fund - Kleinwort Capital Partners IV. Partners Group acquired 75 per cent of this commitment whilst F&C Private Equity Trust plc purchased the remainder.
Richard Green, Managing Director at KCL, said:
We are absolutely delighted to have two such well regarded limited partners on board. With long and successful track records in private equity investing, they are serious industry players. The backing and support of both investors demonstrates the robust performance we continue to generate in UK mid market private equity transactions in the technology, healthcare, media and specialist manufacturing sectors.
This new development is an evolutionary change for the firm. Mr Green continued:
Since we set up in 2001, there has been a change in management and strategy within DKW's private equity division which made sense for DKW's exit. KCL worked with its former client in a disciplined fashion to ensure that DKW's exit was conducted seamlessly.