Three Hills Capital Partners announces the successful final close of its first fund at the hard cap of 100 million euros, reaching the high-end of the initial target. The fund raising has been conducted across Europe targeting high network wealth individualsI, family offices and Institutional Investors (download here the press release).
Three Hills Capital Partners was founded in November 2013 by Mauro Moretti, an Italian former partner at Hutton Collins which he joined in 2008 from BC Partners. The team includes, in the role of partners, Leks de Boer, a former member of the investment team of Hutton Collins, and Michele Prencipe, who also worked at Hutton Collins as well as Italia private equity operator Clessidra sgr.
The new fund, based on its capability to provide subordinated private debt and senior equity solutions across Europe, is aimed at financing mid-market companies targeting investments sized 15-50 million euros each.
The new fund has already committed approximately 30 million euros of capital to two market-leading medium-sized growth companies: Dedalus, an Italian leading supplier of healthcare speciality software solutions with a leader position in Italy and with presence in China, South Africa and Eastern Europe, where Three Hill invested 15 millions together with Hutton Collins who invested 35 millions (see a previous post by BeBeez); and Byron, a fast growing restaurant chain operating in the UK.