Weinberg Capital Partners

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First closing for Weinberg Capital Partners

Weinberg Capital Partners raises a first tranche of 380 million euros for its LBO fund

Three months after its launch, Weinberg Capital Partners, the private equity firm created by Serge Weinberg, has received the approval of France’s Financial Markets Authority and has raised a first tranche of 380 million euros for its Leveraged Buy Out fund, WCP#1.

Capital commitments for the first tranche came chiefly from French institutional and private investors. A second tranche will be aimed principally at non-French investors, both institutional and private.

The management team of Weinberg Capital Partners is now fully constituted. It is composed of four partners with solid experience in management and finance: Serge Weinberg, Guillaume d’Angerville, Henri Gagnaire and Philippe Klocanas.

Weinberg Capital Partners is already studying a number of potential investments. The fund will principally take majority stakes in medium-sized companies in France and Europe. The fund is not specialized in any particular sector, but rules out investing in the area of high technology.