Preqin data reveals there are 34 buyout fund managers operating from the Benelux region. The fund manager profiles product shows these firms have collectively raised €10bn in the last ten years and have €4.6bn available in dry powder.
The most populated location for buyout fund managers in the Benelux region is the Netherlands, followed by Luxembourg with 22 and seven firms located in these countries respectively. Belgium hosts five buyout fund managers who are predominantly located in Brussels.
The largest Netherlands-based buyout fund manager is Waterland. The firm provides expansion capital to achieve growth, targeting initial investment opportunities in Germany, the Netherlands, Belgium and Luxembourg. It focuses on industries that are undergoing change as a consequence of trends such as outsourcing and efficiency, ageing population and sustainability. Waterland has raised five funds in total, the most recent being Waterland Private Equity Fund V which closed in July 2011 raising €1.1bn.
Luxembourg is home to Mandarin Capital Management, a growth and buyout investor in Chinese and European small and medium sized enterprises. The firm specialise in acquiring controlling or minority stakes in Italian Companies, and assisting investee companies in their expansion strategy in China, by acquisitions, greenfield investments or alliances. The firm also invests from China to Europe by investing in Chinese companies, supporting expansion strategies in the Italian/European markets.
Ergon Capital Partners is a Brussels-based buyout fund manager that has raised €1.1bn in the last ten years. The firm formed in February 2005 by GBL and Parcom Capital, an ING subsidiary. The firm and its funds mainly invest in the retail sector and in industrial companies with strong positions in niche markets in Belgium, Italy, Spain, France and Switzerland.