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EQT Expansion Capital II closes on €475m20/06/2007. Source: AltAssets. 
 Northern European mezzanine fund EQT Expansion Capital II has closed on €475m, significantly exceeding its original target of €350m.
EQT Expansion Capital I, the predecessor fund to EQT Expansion Capital II, was launched in 2003 under the name EQT Mezzanine. In June 2007 the business was renamed EQT Expansion Capital I.
Swedish Investor AB committed approximately €80m to the new fund.
Michael Föcking, senior partner at EQT Partners, said, 'The new name highlights our intention to support the expansion plans of mid-sized companies and to differentiate from standardised and rather inflexible mezzanine products. Furthermore, the new name supports our equity-oriented investment philosophy.'
Harald Sipple, partner at EQT Partners, added, 'In ten transactions, EQT Expansion Capital I provided tailor-made financing solutions to facilitate acquisitions and the further growth of companies by combining subordinated debt financing with equity elements.'
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