Apheon Closes HarbourVest-backed €435M Continuation Fund

Apheon announced the successful closing of a continuation fund that raised €435M in support of TMC and Haudecoeur, two “high-performing” assets from its Apheon Midcap Buyout IV fund.

HarbourVest Partners underwrote the new fund and served as lead investor and was supported by existing Apheon investors. As part of the deal, AMB IV will sell its stake in TMC and Haudecoeur to Apheon TMC HDC Long Term Value Fund SCSp, with MML Capital providing a sidecar minority investment in TMC and LFPI similarly providing a side investment in Haudecoeur.

The €435M capital investment will primarily be used to provide an extended investment horizon and additional investment for platform development, including organic growth and strategic M&A. The transaction, in which Apheon was advised by Evercore, Kirkland & Ellis and Rothschild & Co., is subject to regulatory approvals.

Source: https://www.apheon.com/apheon-to-continue-successful-partnership-with-tmc-and-haudecoeur/