Candover - Report and accounts 2007

Candover Partners Limited raises a fund every three to four years. Each fund invests in approximately 15 European buyout transactions.

1997 Fund

The Fund closed in January 1998 with £750.0 million in third party commitments and a further £100.0 million provided by Candover. From then until June 2001, the Fund invested £750.0 million in 15 businesses. Full exits have now been achieved from all but one of these, and the Fund has realised £1.4 billion to date.

2001 Fund

The Fund closed in June 2002 having raised €2.7 billion, including a €300.0 million commitment from Candover. The investment period ended in October 2005. The Fund invested €2.5 billion and has achieved five full exits and six partial exits to date, realising €3.1 billion.

2005 Fund

The 2005 Fund closed in November 2005 with €3.5 billion committed, including €500.0 million from Candover. The Fund had invested €1.9 billion in the eight transactions made as at 31st December, 2007 and €525.0 million in one transaction made since the year-end. The Fund has achieved one full exit to date, realising €360.0 million.