ING Private Equity Access Limited (PEAL) has added a new notch to its portfolio to further target the mid-sized deal space of the sector by supporting Wolseley Partners in its next private equity fund.
Commenting on the $10 million commitment to Wolseley Partners Fund II, ING PEAL managing director Jon Schahinger said the company is pleased to be continuing a relationship with Wolseley Partners, which began in early 2005 when ING PEAL backed Wolseley’s first fund.
“Over the same period, Wolseley has augmented its resources with a number of high quality personnel and is well positioned to launch its next fund. Wolseley operate in a segment of the market that we believe will provide a robust deal-flow of great variety and this new commitment is a reflection of our confidence in the team and its strategy,” he said.
The Fund will buy controlling interests in mid-size unlisted manufacturing, distribution and services companies.
