Charterhouse Capital Partners, the Anglo-French buy-out firm, has closed its latest fund, Charterhouse Capital Partners IX, on €4 billion.
The firm cut its target by a third amid tough fundraising conditions, according to reports.
Charterhouse’s previous fund, Charterhouse Capital Partners VIII, also closed on €4 billion back in March 2006.
In November last year, the firm exited its investment in Lucite International Group, a manufacturer of methyl methacrylate. The company was sold to Mitsubishi Rayon Co. for a total cash consideration of approximately $1.6 billion.
Charterhouse’s 2003 fund, CCP VII, was a €2.7 billion fund which is now fully invested.
The firm focuses on industrial and commercial sectors with a particular interest in service companies headquartered in Western Europe worth between €400m and €4 billion.
D.C.