BC Partners Ltd., the British private-equity owner of gym operator Fitness First Ltd., raised 6.5 billion euros ($8.6 billion) for leveraged buyouts, surpassing its target.
BC European Capital IX, which will target controlling stakes in “defensive growth” companies, was oversubscribed and is 14 percent bigger than the previous one, the London-based firm said today in a statement.
“I am delighted with the enthusiastic response from existing and new investors from around the world, particularly in the context of a challenging fundraising environment,” Charlie Bott, head of investor relations and a managing partner, said in the statement.
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