Partners Group buys Santander’s stakes in three Euro funds


euros debt moneyPartners Group has bought interests in three European buyout funds from Santander Asset Management.

The alternative investments unit of the Spanish bank tapped its Private Equity I vehicle to sell the portfolio according to UK regulatory filings.

Partners used its Partners Group Gate Access fund to purchase interests in PAI Europe V, EQT V and August Equity II.

It paid capital contributions of €300 for PAI Europe V-3 and £40 for August Equity II A, according to the filings.

In 2008, Paris-headquartered PAI Partners closed its fifth fund at €2.7bn, putting it above its initial €2.5bn target.

The fund made 11 investments including IT services company Atos, branded eyewear retailer Marcolin, women’s lingerie retailer Hunkemöller, and equipment rental company Kiloutou.

London-based August Equity closed August Equity Partners II on £155m in 2008.  It invests in small and medium-sized businesses whose headquarters are in the UK according to its website.

EQT V, which is managed by Nordic private equity firm EQT, closed at €4.3bn in 2006.

The fund currently holds seven portfolio companies including AcadeMedia, Broadnet, CBR, SAG, and Scandic according to its website.

Private Equity I, a €135m fund of funds that closed in 2006,  is managed by Santander’s private equity unit which was founded in 2004.

Earlier this month, Partners Group reportedly bought a portfolio of five real estate funds from Superannuation Fund.

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