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June 8, 2020

Stafford takes over $1.5bn private equity business of Robeco

Stafford Capital Partners, a private markets investment and advisory group, has expanded in Europe by snapping up the private equity business of Robeco.

The deal adds $1.5bn in assets to the acquirer’s books. Financial terms of the transaction were not divulged.

The merged of the two businesses will lead to the creation of a $3.1bn private equity business.

Stafford Private Equity managing partner Rick Fratus said: “Robeco’s private equity business is a perfect fit with our own – we have known the team for many years, it has a strong focus on sustainable investing and ESG integration as do we, and with the European coverage we now have deep, local expertise across the key geographies for private equity investing.”

As part of the deal, Stafford will absorb 11 Robeco employees. The employees will be based at the Rotterdam office, which Stafford plans to launch.

The Robeco team will continue to invest in European small and mid-market private equity, through the roll-out of Stafford European Private Equity Fund VI, or “SEPE VI”.

The European team of Robeco is said to complement Stafford Private Equity’s US and Australia capabilities.

Stafford noted: “The new fund continues the long and successful track record built up by the team during the past two decades.

“It also benefits from Stafford’s deep secondaries and co-investment expertise as it increases its allocation to secondary investments and co-investments in time to take advantage of the current market dislocation.”

Notably, at the end of last year, Robeco sold the ESG ratings business of its affiliate RobecoSAM to S&P Global.

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