RJD announces Fund III

RJD Partners, the UK lower mid-market private equity investor, has completed a first closing of its third Fund, RJD Private Equity Fund III LP. The target size of the Fund is £150 million and, following the successful first closing, a final closing is expected over the next twelve months.

Investors in the first closing are UK as well as non-UK investors and include those who have supported previous RJD funds as well as investors who are new to RJD funds.

RJD Partners’ focus is on acquiring privately owned UK based businesses in the service sector with enterprise values of between £10 million and £50 million. In January of this year, RJD Partners acquired Burgess Marine in a separately funded deal (press release attached); it is intended that a part of this investment will now be transferred into Fund III and will be the first investment for the new fund.

Notes to editors:

RJD Partners specialises in private equity investments in UK companies operating in the business and IT services, leisure and healthcare sectors with enterprise values of up to £50 million.

RJD Partners has raised funds totalling in excess of £300 million.  Investments include Stone, one of the largest independent providers of IT solutions to UK public sector customers; Verdant Leisure, an owner and operator of UK caravan and lodge parks; and Harrington Brooks, one of the UK’s leading providers of debt management solutions to the consumer sector.

For further information please visit:

www.rjdpartners.com