Mentha Capital Fund IV – final closing at €107 million

1 March 2015

Mentha Capital (Mentha) is pleased to announce the final closing at €107 million for its fourth Benelux lower end of the middle market buy-out fund (MCF IV). In addition to family offices and informal investors, a number of institutional investors have strengthened the investor base. According to Mentha’s managing partner; ‘This achievement shows the strong confidence of our investors in Mentha Capital. Consistent with our investment strategy and the team’s experience and track record, we are well positioned to continue to generate exceptional returns for our investors.’

MCF IV aims to create a portfolio of around eight investments in the Dutch and Flanders’ lower end of the middle market buy-out segment. Almost 35% of the total commitment is already deployed in five completed deals in the fund with a strong pipeline of add-on and platform opportunities going forward.

  • Customs Support: leading specialist and buy&build platform in the Dutch customs services sector
  • Etiket Nederland: one of the largest Dutch players and a consolidator in the sector of self-adhesive label production
  • Fri-Jado: a global brand name and equipment manufacturer, installation- and service provider to the food(service) and non-food retail
  • Light & Living and Dijk Natural Collections: market-leaders in the niche segments of lighting and natural accessories in the European home decoration market

Mentha will continue its strategy of developing portfolio companies into stronger and larger companies with distinct strategic value. The fund will invest between €5m and €50m equity per transaction in companies with EBITDA ranging from €1 to €25 million. Mentha consistently attracts deals from its extensive local network and natural connection with entrepreneurs, business relations and advisors. Furthermore, the lower end of the middle market remains a catchy investment space with attractive entry valuations and significant value creation through hands-on portfolio management.