Apheon Management announced it has closed its sixth flagship mid-market vehicle, Apheon MidCap Buyout VI SCSp, at the €1.25 billion hard cap, with an additional €50 million commitment from the firm’s team and related families, bringing total fund size to €1.3 billion.
The firm said AMB VI was significantly oversubscribed and fully allocated within eight months, with demand exceeding the fund’s hard cap. Apheon added that the raise meaningfully broadened its limited partner roster, including approximately 40 new institutional LPs, and further diversified its investor base by both geography and investor type.
According to Apheon, commitments came from its core European markets as well as new geographies including the Nordics, North and South America, Asia and the Middle East. The firm said the LP mix includes pension funds, insurers, foundations and endowments, asset managers, funds of funds, family offices and entrepreneurs.
With the close of AMB VI, Apheon said its total assets under management have reached approximately €4.5 billion. The new fund is expected to continue the firm’s strategy of majority buyout investments in lower-mid-market, “primary situation” transactions, often partnering with families, founders and entrepreneurs.
Apheon said AMB VI will target businesses with €10 million to €25 million of EBITDA across “Core Europe,” which it defines as Benelux, France, Germany, Italy and Spain, with a sector focus on healthcare, services, consumer and niche industrials. The firm said the fund begins deployment with what it described as a robust investment pipeline.
Apheon said it was advised on the fundraising by Evercore Private Funds Group as global placement agent, along with Houlihan Lokey Capital Solutions Group, Paul, Weiss, Rifkind, Wharton & Garrison LLP and Arendt & Medernach.
KEY QUOTES:
“We are grateful for the confidence our investors have placed in us. Raising an oversubscribed fund in less than a year in today’s environment speaks to the resilience of our investment approach, the strength of our team, and the alignment we share with our global partners. AMB VI positions us well to continue delivering value by backing exceptional companies and management teams.”
Wolfgang de Limburg, Managing Partner, Apheon
“The breadth and quality of commitments – from both long-standing partners and new institutions around the world – underscore the market’s confidence in our strategy and our ability to execute. We look forward to continuing to build enduring relationships across our blue-chip investor base.”
Natalia Yek, Head of Investor Relations, Apheon
