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Mid Europa nears halfway mark in €1bn fourth fundraise

4 Nov 2013

euro3_lrgEastern Europe-focused private equity firm Mid Europa Partners is reportedly nearing the half-way mark for its €1bn-targeting fourth fundraise.

Dow Jones reported the news, pointing out the firm was trumping a difficult fundraising environment for the region’s buyout market.

A report from PEI in July suggested Mid Europa was eyeing a first close within months for Fund IV, which has a €1.25bn hard cap.

AltAssets revealed last September that the firm had hired Credit Suisse to place Fund IV, although at that stage it had not decided on a target.

At the time MEP highlighted a string of exits it planned to make to help fire up the fundraise, including Polish healthcare company Lux Med.

Last month Mid Europa made its second bolt-on deal in the Central European laboratory space in the space of a week with Diagnostyka’s acquisition of Polish pathology company Olympus Consilio.

This transaction marked a further step in Mid Europa’s strategy to consolidate the market, it said.

Earlier the firm had announced the acquisition of Euromedic Labs in the Czech Republic.

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