Chequers Closes Fund XVIII at EUR 1.2bn Target
Funding | Feb 18, 2025 | Goodwin
Chequers Capital, a prominent mid-market buyout firm in Europe, has announced the successful final close of its Chequers Capital Fund XVIII at the target size of EUR 1.2 billion. This achievement reflects strong backing from both existing and new institutional investors spanning Europe, the US, and Asia. Known for its 30-year track record of delivering superior returns, Chequers has maintained a disciplined investment strategy focusing on primary buyouts in sectors such as Asset Light Industrials, Digital Services, and B2B Services within Western Europe. Despite economic uncertainties, the firm continues to efficiently deploy capital and provide liquidity for its limited partners. The fund has already completed five platform investments across its key sectors and regions. The closing was facilitated by the Goodwin Paris Private Investment Funds team, with significant contributions from a team led by Sarah Michel, focusing on fund formation, tax, and financing aspects.
Sectors
- Private Equity
- Asset Light Industrials
- Digital Services
- B2B Services
Geography
- Europe – Chequers Capital is based in Europe and targets investments primarily in Western Europe.
- United States – The fund has attracted institutional investments from the US.
- Asia – New institutional investors from Asia supported the fundraise.
Industry
- Private Equity – Chequers Capital is a European mid-market buyout investor raising new funds for investments.
- Asset Light Industrials – Chequers Capital invests in Asset Light Industrials, which is one of its core sectors.
- Digital Services – The fund focuses investments in the Digital Services sector in Western Europe.
- B2B Services – B2B Services are a key area of investment for Chequers Capital's recent fund.
Financials
- EUR 1.2bn – The target and final close amount for Chequers Capital Fund XVIII.
Participants
Name | Role | Type | Description |
---|---|---|---|
Chequers Capital | PE Firm | Company | A leading European mid-market buyout investor. |
Goodwin | Legal Advisor | Company | Advised Chequers Capital on the fund closing. |
Sarah Michel | Leading Partner on fund formation | Person | Led the Goodwin team advising on fund formation aspects. |