Kirkland & Ellis advised European private equity firm Apheon on the successful closing of a new continuation fund, Apheon TMC HDC Long Term Value Fund SCSp. The continuation fund will acquire interests in TMC, a Dutch technical and R&D consulting firm, and Haudecoeur, a French ethnic food company, from Apheon MidCap Buyout IV SCSp alongside third-party minority investments made by funds managed or advised by MML Capital, with respect to TMC, and LFPI, with respect to Haudecoeur. The continuation fund closed on €435 million of aggregate capital commitments, and will provide an extended investment horizon and additional capital to continue building both platforms and support a new phase of growth. Funds managed or advised by HarbourVest Partners lead the continuation fund. The transaction remains subject to regulatory approvals.
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