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Mergers and Acquistions News

Categories: Hardware

November 4th 2008, 16:05PM

The Carlyle Group has raised €530 million (£427 million) for a series of acquisitions in the European technology market, it has been revealed.

Know as European Technology Partners II, the fund will look to focus on what is terms the smaller end of the market, with targets expected to be worth between €20 million and €200 million.

David Fitzgerald, managing director of the fund, said: "At our end of the market, deals are still happening, and interestingly we can still raise debt to fund transactions."

The credit crunch means that merger and acquisitions activity of a bigger nature has been more subdued of late, he added.

However, the economic situation means that the fund will be focusing on long-term returns, with Mr Fitzgerald expecting to hold on to companies for between four and six years.

In the past, investments of this nature were usually disposed of in two to three years, he added.

Yesterday, Northgate Information Solutions completed its takeover of Anite Public Sector Holdings for £53.4 million.ADNFCR-1833-ID-18858232-ADNFCR

 

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