Fremman Capital has closed its second European midmarket buyout fund above target, raising €808 million alongside an additional €45 million in associated managed accounts, bringing the total to over €850 million. The fund exceeded its €750 million target in under 18 months, reflecting strong investor demand and continued momentum for the firm.
The fund attracted commitments from a diverse global base of institutional investors spanning Europe, the Americas, the Middle East, and Asia. Participants included pension funds, banks, insurance companies, fund of funds, and family offices. Fremman also saw significant support from existing investors through high re-up rates, while expanding its investor base with new capital from additional geographies.
Alongside the fundraise, Fremman continues to execute an active co-investment strategy, having raised 14 co-investment vehicles across its first two funds. The closing of the second fund coincides with the successful launch of Fremman’s Special Opportunities Fund I, bringing the firm’s total assets under management to more than €3.6 billion.
Special Opportunities Fund I serves as a continuation vehicle for Kids Planet, a portfolio company from Fremman’s first fund. The transaction was oversubscribed and marks the firm’s second exit, highlighting its ability to generate returns and return capital to investors.
Fremman focuses on partnering with management teams to scale businesses from strong local positions into multinational platforms. The firm primarily targets market-leading companies, often family- or founder-owned, that provide essential products or services and are well-positioned for pan-European consolidation strategies.
The firm’s sourcing strategy is supported by a local presence across six European offices and a team of nearly 60 professionals representing 16 nationalities. Fremman positions itself as an active shareholder, working closely with management teams to drive long-term, sustainable growth.
The second fund is classified as Article 8 under the EU’s Sustainable Finance Disclosure Regulation, reflecting the firm’s integration of ESG considerations throughout the investment lifecycle, supported by a dedicated ESG team.
To date, the fund has completed five platform investments, including Rehaneo, DIESSE, Stingray Healthcare, AGQ Labs, and Bertin Technologies, spanning sectors such as healthcare, diagnostics, testing services, and advanced instrumentation.
Support: Jefferies acted as exclusive global placement agent for the fundraise, while Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel.
KEY QUOTE:
“We are very grateful for the continued trust and support of investors. In today’s environment, closing above target is a clear validation of our strategy, reflecting investors’ trust in the strength of our team and in our ability to consistently create value for them.”
Ricardo de Serdio, Founder & CEO of Fremman Capital
