Apiary Capital, a London, UK-based private equity firm, closed its debut fund, at $200m.
founded by Mark Salter with partners Nikola Sutherland, Nicki Boyd and Rob Simpson, Apiary Capital will focus on the business services, education and health care sectors in the UK lower-middle market.
The firm seeks to acquire platform companies in attractive market segments, subsequently driving transformational growth through a combination of roll-ups, roll-outs and strategic mergers.
The fund, launched in late 2017, raised capital from regarded institutional investors across Europe and the U.S.
International law firm Proskauer advised Apiary Capital on the fundraising.