Preqin data reveals there are 75 mezzanine fund managers operating from Europe. These firms have collectively raised €65.7bn in the last 10 years and currently have €20.4bn available in dry powder.
The most popular location for mezzanine fund managers in Europe is the UK, followed by France with 26 and 16 firms based in those countries respectively.
The largest UK-based mezzanine fund manager headquartered in London is Intermediate Capital Group. The firm provides mezzanine financing in Europe and has a growing presence in Asia-Pacific and North America. ICG is listed on the London Stock Exchange and has invested across a wide range of sectors, raising a total of €3.5bn over the past decade. It has regional offices in Paris, Hong Kong, Amsterdam, Frankfurt, Stockholm, Sydney, Sweden and New York.
France is home to Euromezzanine, a provider of mezzanine finance to European businesses. Established in Paris in 1990, the firm solely focuses on mezzanine investments and has raised six funds, the most recent being its ‘Euromezzanine 6’ vehicle, which closed on €640mn in March 2009. The firm focuses on a broad range of industries in France and West Europe.