Charterhouse Capital Partners, Anglo-French Buy-Out Firm, Closes Fund On EURO 4 Billion

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

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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.

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