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Laxman Pai, Opalesque Asia: A team of former Triton executives has sealed a €600m ($714.2 million) hard cap final close for their debut fundraise as KLAR Partners.
European private equity firm KLAR Partners said in a press release that the fund is one of the largest European first-time funds raised in the last 10 years and by far the largest raised during the COVID-19 pandemic.
The first fund was oversubscribed, having attracted interest from public pensions, endowments and foundations, fund of funds, family offices, insurance companies, and consultants from Europe and North America, it said.
Launched in March last year, Klar seeks to invest in companies based in the Nordic, Benelux, and DACH regions operating in business services and industrial sectors, with an annual turnover of approximately €50m to €500m. It has offices in London and Sweden and investment professionals present in Frankfurt and Brussels as well.
Klar acquired Sandbäckens, a provider of heating, cooling, sanitation, and sprinkler services, from Stockholm-based private equity firm Segulah. In June last year, it invested in Finland-based smart energy company Empower IM Oy.
"We are thrilled with the level of support shown by our investment partners and the trust they have placed in us as a first-time fund in this market. Establishing KLAR I has been a true team effort and we would like to thank all of those who have supported us and who will continue to support KLAR - individuals and ins...................... To view our full article Click here
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