Lower mid-market lender Beechbrook Capital has completed five deals and invested €60 million from its fourth private debt fund, the firm announced.
The fund is focused on lending to sponsored and non-sponsored businesses in the northern European lower mid-market.
Its most recent investment completed in March 2023 and marks the firm’s first deal in Denmark. It backed a German private equity fund’s buyout of a Copenhagen-based digital marketing agency. Of the five deals completed so far, two are located in Germany, two in the Netherlands and the above deal in Denmark.
The deals covered a number of sectors including healthcare, manufacturing, ESG performance measurement and specialist recruitment.
It highlighted its Q4 2022 investment in Dutch staffing services provider Circle8, enabling it to acquire Seven Stars last October. Circle8 is an Axiom Partners-owned IT recruitment specialist that has been deploying a buy-and-build strategy since 2021.
Beechbrook Private Debt IV launched in March 2020 and is expecting to hold a final close by the end of 2023.