Houlihan Lokey Advises Fremman Capital

Houlihan Lokey’s Private Funds Group is pleased to announce that Fremman Capital (Fremman) has closed its debut fund, Fremman I MM SCSp and accompanying SMA (together, the fund), raising more than €600 million to partner with successful and ambitious management teams across Europe to help transform their businesses from local champions into multinational sustainable leaders.

In parallel, Fremman also has an active co-investment programme that has raised approximately a further €400 million to date through five separate co-investment funds, taking total assets under management to more than €1 billion.

The fund is the largest first-time European buyout fund raised since the COVID-19 pandemic* ended. It has secured commitments secured from a diverse range of institutional investors, including pension funds, banks, insurance companies, funds of funds, and family offices from Europe, North America, Latin America, and the Middle East.

Ricardo de Serdio, Fremman’s Managing Partner, noted: “We are grateful to all our LPs. Taking the time to learn about Fremman and completing their investments in a debut fund during challenging political and economic times required real conviction on behalf of our investors. We are very happy to be proving them right with the strong performance of all our portfolio companies.”

Houlihan Lokey served as the placement agent.

Fremman is a pan-European, middle-market investment firm with offices in London, Luxembourg, Madrid, Munich, and Paris that looks to partner with successful management teams to help transform businesses from local champions to multinational sustainable leaders. Its senior partners have a long history of working together, with more than 100 years of combined investment experience. Fremman’s goal is to build better, more sustainable businesses that have a positive impact on society.

*Dataset considers European-focused buyout funds that have closed since April 2021.