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PRINT THIS PAGE Montagu III closes on €2.26bn12/07/2005. Source: AltAssets. 
 UK-based pan-European buy-out firm Montagu Private Equity has closed its third fund, Montagu III, on €2.26bn. Fund III has been Montagu's first major fundraising effort since its spin-out from HSBC.
HSBC remains a significant shareholder and investor in the fund. Other investors include pension funds, life companies and endowments, spread across the USA, Europe, the Middle East and the Far East.
Montagu chief executive Chris Masterson said, 'Montagu is delighted to announce a successful closing in such a highly competitive fundraising climate. With a broad mix of investors from the US, Europe, the Middle East and the Far East, I am particularly pleased with the increased diversity of our investor base.'
'We aim to be the backer of choice for strong incumbent management teams of high quality mid market businesses. We will continue with this tried and tested investment approach which we have used over the last ten years,' Masterson continued.
Montagu targets investments in the manufacturing, consumer-facing and service areas. Last month the firm sold Stokesley, North Yorkshire-based food manufacturer Marlow Foods to Premier Foods, the former Hicks Muse-backed (now Lion Capital) firm for £172m.
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