Aleph and Crestview Partners have formed a strategic alliance to invest together in European markets. Each party intends to allocate up to €600 million to the investments that will fall within the scope of the alliance, with a view to investing up to €1.2 billion in the region over the next four years. Crestview and Aleph expect to fund their contributions from commitments by their respective outside investors, capital partners as well as their own principals.
The strategic alliance will focus on businesses headquartered in Europe with superior risk/return characteristics and equity type returns. Investment types may include buyouts, control investments, minority investments, structured investments, build-ups, recapitalisations of levered enterprises, stressed or distressed debt investments and investments in publicly listed enterprises. The parties intend to exercise significant governance rights in the investments made together through the strategic alliance.