Three Hills Capital Partners closes its debut fund at €100 million

Thursday, October 2, 2014

Three Hills Capital Partners, the new investment platform launched in November 2013, today announces the successful final close of its first fund at the hard cap of €100 million (USD $127 million), reaching the high-end of the initial target. Three Hills Capital Partners was founded in November 2013 by Mauro Moretti, a former Partner at Hutton Collins which he joined in 2008 from BC Partners.

The team includes, in the role of partners, Leks de Boer, a former member of the investment team of Hutton Collins, and Michele Prencipe, who also worked at Hutton Collins as well as Clessidra. The new fund, based on its capability to provide subordinated private debt and senior equity solutions across Europe, is aimed at financing mid-market companies led by institutional management teams and entrepreneurs.

Three Hills Capital Partners, rather than investing in specific sectors, will focus on its distinctive investment approach looking for opportunities where the targets seeking funding are looking for new variable and flexible capital as an alternative to the traditional debt and equity financing models. The fund will target investments where the equity cheque will be in the range of €15 million to €50 million.

Three Hills Capital Partners’ investment philosophy is based on enabling its partners to achieve their financing objectives without the restrictions of bank debt and without the cost implications of partnering with other pure equity providers. The new fund has already committed approximately €30 million of capital to two market-leading medium-sized growth companies:

  • Dedalus, a leading supplier of healthcare speciality software solutions with a leader position in Italy and with presence in China, South Africa and Eastern Europe
  • Byron, a fast growing restaurant chain operating in the UK

The fund raising has been conducted across Europe targeting HNWI, family offices and Institutional Investors.

Mauro Moretti, founder and Managing Partner of Three Hills Capital Partners, commented: “I’m pleased to announce, after less than a year from the founding of Three Hills Capital Partners, the closing of the fund at the top range of our fundraising target. The innovative model, the unique investment approach and the enthusiasm of the team helped us to accelerate the process. Now we are more and more committed to looking at new deals to present to our investors. We are confident that in the next couple of months we will be able to announce the third deal for the fund”.