KLAR Partners announced the final closing of KLAR Partners II, which has secured total capital commitments of €870 million. This 40% increase in fund size over KLAR’s prior fund highlights the strong confidence and support received from both existing and new investors.
Fund II will follow the same strategy as KLAR’s first fund. And the firm will continue to make control investments of €75 million to over €200m in mid-market mission-critical services and industrial technology businesses, especially across the Nordic, DACH and Benelux regions.
The fund will continue to focus on implementing KLAR’s transformational investing approach through growth, operational improvement, and buy-and-build strategies. The firm also strongly focuses on talent management and believes in close and transparent partnerships with management teams.
Evercore Private Funds Group served as the exclusive global placement agent and Kirkland & Ellis as legal counsel for Fund II.
KEY QUOTES:
“We are grateful with the support shown by our investment partners who have chosen to put their trust in us, especially in this turbulent fundraising market. We are very pleased with the positive development of our Fund I portfolio and we look forward to replicating this with Fund II. We believe we are well positioned to take advantage of the current market environment and execute on our strong pipeline of opportunities.”
- Carl Johan Falkenberg of KLAR
