The Carlyle Group has closed its second European technology fund, Carlyle Europe Technology Partners II, at EUR 530 million, beating its initial target of EUR 500 million, and the new fund has completed its first acquisition in Gardner Group, a Nuneaton, UK-headquartered supplier of metallic aerostructure details, equipment and engine components to the aviation industry.
Carlyle now manages EUR 15.4 billion in 17 dedicated European funds invested in corporate private equity, real estate and other alternative investments. The identification and development of assets will be undertaken by Carlyle’s technology team of 11 investment professionals drawn from seven European nationalities.
The new fund builds on the team’s five-year track record, with EUR 458 million invested in 18 acquisitions since 2003 including Inmedia, Personal & Infomatik, Cameca, NP Aerospace, bigmouthmedia, Transics and Mill Digital Media.
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