Cairngorm Capital closes third fund at £200m hard cap

This closing of the third fund underscores the success of Cairngorm Capital’s investment team and its proven investment strategy. It follows an intensely active period, which has seen the firm complete 35 investments and bolt-ons since its maiden fund in 2015, creating a portfolio of 11 highly performing companies with over 6,500 employees and combined revenues in excess of £1bn.

Cairngorm Capital’s strategy remains unchanged – to identify investing opportunities in profitable UK headquartered, closely held businesses, where it can provide the expertise and support to drive accelerated transformational growth. With committed equity capital in excess of £400m, the firm will continue the same disciplined investment selection and thoughtful buy-and-build strategies to deliver strong and consistent returns. Priority sectors include medical services, building materials, financial services and savings administration, food and drink, and water management.

Andrew Steel, Managing Partner of Cairngorm Capital, says: “All of us at Cairngorm Capital are delighted with the continued and increased support from our core group of long-term institutional investors. It is a privilege to be trusted as custodians of their capital. We are also especially pleased to welcome our new institutional investors to Cairngorm Capital.”

 Acanthus Advisers, as exclusive placement agent, advised Cairngorm Capital on the fundraising and Fried, Frank, Harris, Shriver & Jacobson LLP provided legal advice.

Source: Private Equity Wire

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