G Square has completed the final close of its second private equity fund, G Square Capital II above target. The Pan-European healthcare investor closed Fund II at its hard-cap of €350 million with commitments from a diverse cross-section of North American and European institutional investors. G Square has been advised by Asante Capital and Proskauer.
G Square has completed the final close of its second private equity fund, G Square Capital II above target. The Pan-European healthcare investor closed Fund II at its hard-cap of €350 million with commitments from a diverse cross-section of North American and European institutional investors. G Square has been advised by Asante Capital and Proskauer.
G Square is a leading healthcare private equity investor in Europe, targeting buy-out and growth transactions with a strong buy-and-build approach. G Square invests between €30 and €50m of equity per deal, and can bring additional co-investment from its LPs. G Square capitalises on its sector focus expertise, deep industry knowledge and Pan-European network, which allows the G Square team, working alongside the entrepreneurs, to contribute actively to the strategic and operational development of its portfolio companies.
Laurent Ganem, Founder and CEO of G Square, commented: “We are delighted to have received such strong support from our existing investors and to have completed our fundraising within an efficient timetable thanks to the support our advisors Asante Capital and Proskauer. We are thrilled to welcome new high quality investors to the Fund, further diversifying our capital base. We look forward to further building a successful portfolio of healthcare companies all over Europe.”
Warren Hibbert, Managing Partner of Asante Capital said: “We’ve thoroughly enjoyed working with the G Square team to deliver an efficient and successful closing of G Square’s Fund II at it’s hard-cap, which reflects both the strength and consistency of their performance and degree of sector expertise within the team. Fund II has attracted a very strong set of global LPs, diversified by region and type. The Fund has also achieved a very robust set of terms that ensure a strong alignment between G Square and its limited partners going forward.”
Nigel van Zyl, Partner at Proskauer, added: “We were delighted to be G Square’s legal partner on this fundraising. G Square not only retained the support of their existing investors, they diversified their capital base by type and location of investor and raised a larger fund hitting their hard-cap with balanced terms allowing G Square the flexibility to pursue their investment strategy and deliver returns while respecting the GP-LP relationship. G Square’s successful fundraise demonstrates the continued demand from investors across the globe for UK and European managers with compelling and differentiated investment strategies and strong performance.”