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Stirling Square Capital Partners secures $250m commitment from Citigroup for European investment

October 2002

London, October 14, 2002 - Stirling Square Capital Partners (the pan-European private equity firm) is pleased to announce a $250m cornerstone commitment from Citigroup in its debut fund, targeting European mid-market transactions.

Stirling Square Capital Partners is a specialist mid-market private equity firm with strong local European expertise. The six partners bring a combined 50 years experience of operating in local private equity markets across Europe, with particular strengths in Germany, Italy, Scandinavia, the United Kingdom and France.

Stirling Square Capital Partners pursues private equity investments in European companies with enterprise values in the €50m-500m range.. Target companies are typically sector leaders with international aspirations, have defensible competitive advantage and talented management capable of executing a clearly defined value-creation strategy.

Jakob Ftirschner, a partner at Stirling Square Capital Partners, said "Our partners are predominantly nationals of the markets in which they operate and bring strong local market knowledge. Our mix of nationalities also enables us to see cross-border opportunities from an international perspective. Citigroup’s commitment will enable us to realise our goal of building local champions into international players. Whilst we intend in due course to raise additional sums from further sources we are actively pursuing investments at present,"

Enquiries

Martin Calderbank
Stirling Square Capital Partners
44 20 7986 8830


Fergus Wylie / Ilias Catsaros Cubitt Consulting 44 20 7367 5100

Notes to editors

Stirling Square Capital Partners is a Pan-European Mid-Market Private Equity Firm with $250m of committed capital from Citigroup.

Stirling Square Capital Partners provides private equity investment to European companies with enterprise values in the €50million - €500million range, operating across a broad range of sectors. Target companies are sector leaders with international aspirations, have defensible competitive advantage, and talented management capable of executing a clearly defined value creation strategy,

The six partners are Stefano Bonfiglio, ex DLT Merchant Banking Partners, Martin Calderbank, ex Compass Partners and Candover, Stuyvie Comfort, ex Citigroup Venture Capital and Alchemy, Jakob Forschner, ex Compass Partners and CVC Capital Partners, Gregorio NapoIeone, ex DLJ Merchant Banking Partners, and Bolaji Odunsi, ex Compass Partners and BC Partners.