MML Capital Raises $1.2 Billion, Eyeballing B2B Startups in UK, US and Northern Europe

MML Capital Partners, a mid-market investor based in London, recently brought its latest investment round to a close having raised an extraordinary nearly $1.2 billion for its fund aimed at business-to-business (B2B) companies. This figure hit almost 50% more than their previous capital drive, smashing past its predecessor fund that closed at approximately $750 million in 2021.

Partnership Capital Fund VIII not only oversubscribed but also gained the interest and investment of 11 new institutional investors. MML’s buyout model typically invests between €40 million and €120 million in companies boasting more than £8 million in EBITDA. While the company’s focus is on various sectors, their geographical focus remains primarily in the UK, the US and northern Europe.

The past 12 months for MML have seen eight fruitful exits which yielded an impressive 4.1x average multiple on invested capital (MOIC). These deals resulted in more than €600 million of distribution back to the investors - a feat of resilience in the face of a challenging market. Additionally, in the same period, MML placed over €500 million in a total of 10 new investment ventures.

MML Capital Partners’ reinforced funding and successful run of new investments illustrate the robust, dynamic climate of the B2B startup ecosystem in and beyond the UK - a testament to the resilience and vigor of entrepreneurial spirit in these testing times.