The Carlyle Group closes Carlyle Europe Technology Partners III at €656 Million
Fund to invest in TMT sector and other technology-enabled businesses across Europe
London, UK – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced it has raised €656m for its latest Carlyle Europe Technology Partners (CETP) fund, the largest CETP fund to date. CETP III began fundraising in May 2014 and reached its hard cap within a year. Half the capital in the new fund consists of commitments from investors in CETP II, the €522m 2008 vintage fund, and the majority of the fund’s investors are based in Europe and the US. The fund’s primary investment focus will be on emerging European telecommunications, media and technology companies and other companies that offer growth opportunities through ground breaking, innovative technologies and intellectual property.
Michael Wand, Managing Director and Head of Carlyle Europe Technology Partners said: “We have been investing in small-cap buy-outs in the European technology sector for 15 years through various industry cycles. During this time we have been involved with some leading European technology companies and we look forward to supporting the next generation of entrepreneurs in their global growth ambitions. Our fundraising is a reflection of our strong track record of investments in this sector by our experienced, specialist team. Carlyle’s approach of combining a global footprint, sector expertise and local reach means we are well placed to serve our investors during the coming years and leverage opportunities across European technology companies. We are grateful to our investors for their continued support and loyalty.”
CETP III has already made two investments in the technology sector. In July 2014, the fund committed to a majority investment in Expereo, a global managed Networks Operator based in The Netherlands, followed in May 2015 by an investment in Telvent Global Services, a Spanish provider of information technology (IT) infrastructure management and cloud-based services.
Notable investments by previous Carlyle Europe Technology Partners funds include The Foundry, a visual effects and creative software company based in the UK, Personal & Informatik, a specialist German HR management software provider, UC4 (today: Automic), an Austrian provider of data centre automation solutions and Metrologic, a global leader in 3D measurement software headquartered in France.
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About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $193 billion of assets under management across 130 funds and 156 fund of funds vehicles as of March 31, 2015. Carlyle's purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,650 people in 40 offices across six continents.
The Carlyle Group
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