Fremman Capital (“Fremman”) is pleased to announce the final closing of its debut fund, Fremman I MM and accompanying SMA (together, the “Fund”), raising over €600m. The Fund is the largest first- time pan-European buyout fund raised post-Covid(1). Commitments were secured from renowned institutional investors, including Pension Funds, Banks, Insurance Companies, Fund of Funds, and Family Offices from Europe, North America, Latin America and the Middle East.
In parallel, Fremman also has an active co-investment programme that has raised a further c.€400m to date, through 5 separate co-investment funds, taking total Assets Under Management to over €1bn.
Ricardo de Serdio, Fremman’s Managing Partner, noted: “We are grateful to all our LPs. Taking the time to learn about Fremman and completing their investments in a debut fund during challenging political and economic times required real conviction on behalf of our investors. We are very happy to be proving them right with the strong performance of all our portfolio companies.”
The Fund seeks to partner with successful and ambitious management teams, to help transform their businesses from local champions, typically operating in fragmented industries, into multinational sustainable leaders. It seeks to invest in leading businesses, often family or entrepreneur-owned, that sell essential products or services, and that are solid platforms to lead build-ups across Europe.
Fremman’s proactive approach to sourcing, its presence in 5 major European cities, and the reputation and solid network of its experienced team of c.40 professionals from 12 different nationalities are key reasons behind its differentiated deal flow. Fremman enjoys access to target companies and key decision makers across Europe thanks to its credibility and reputation as a hands-on shareholder, which facilitates it being the partner of choice to help drive sustainable growth and strategic value creation.
Fremman I MM is classed as Article 8 for the purposes of the EU’s Sustainable Finance Disclosure Regulation, and a dedicated ESG team is in place to lead the development and implementation of ESG initiatives throughout the investment process. With this, Fremman believes it is well positioned to build better, more responsible businesses that can benefit society.
The Fund has completed five platform investments to date, including:
- Bollo Natural Fruit, a leading European player in the production, packing, and distribution of fresh fruit, including citrus, melon and watermelon;
- VPS, a leading testing, inspection and certification services provider, testing fuel for a significant part of the world’s marine shipping fleet, and developing data analytics and decarbonation services;
- Palex Medical, a leading independent provider of high value-added MedTech solutions across Europe;
- KidsPlanet, the UK’s largest independently owned nursery operator, and
(1) Since April 2021
• Medinet, a leading provider of specialised clinical teams delivering additional elective services to the NHS.
Houlihan Lokey served as placement agent, whilst Kirkland & Ellis International LLP served as legal counsel.
About Fremman Capital
Fremman is a pan-European, mid-market investment firm with offices in London, Luxembourg, Madrid, Munich and Paris that looks to partner with successful management teams to help transform businesses from local champions to multinational sustainable leaders. Its senior Partners have a long history working together, with over 100 years of combined investment experience. Fremman’s goal is to build better, more sustainable businesses that have a positive impact on society. For more information, visit www.fremman.com or follow Fremman on LinkedIn.