About This Fund
Chequers Capital XVII is a €1.1 billion mid-market buyout fund managed by Chequers Capital, a leading Paris-based private equity firm with a 30-year heritage of European mid-market investing. Launched in early 2017, the fund completed its single and final closing above its €1 billion target in May 2017, having attracted strong institutional demand in less than three months — with demand exceeding the fundraising target by more than two times its €1.1 billion final size. Approximately 40 institutional investors committed capital to the fund, including pension funds, sovereign wealth funds, and funds of funds from across Europe and the United States.
Chequers Capital XVII deploys capital through control and majority buyout investments in mid-market companies with enterprise values ranging from €80 million to €350 million, with individual deal sizes typically between €40 million and €120 million of equity invested. The fund focuses on business products and services (B2B) and manufacturing companies headquartered primarily in France, the DACH region (Germany, Austria, Switzerland), and Italy. Target businesses typically operate in niche industrial and services segments with strong market positions, recurring revenue streams, and meaningful operational improvement potential. Chequers Capital brings a sector-agnostic approach within these sub-markets, complementing its financial engineering expertise with hands-on operational support.
Chequers XVII continues the firm's unbroken sequence of successful mid-market European buyout funds, making it one of the largest French-managed mid-market private equity vehicles at its vintage. Portfolio investments executed under this fund include Somacis (a European printed circuit board manufacturer), 7days jobwear (a pan-European workwear brand), and Alliance Étiquettes (a B2B label printing specialist) — illustrating the fund's preference for established industrial businesses with clear paths to operational value creation. The fund preceded the subsequent Chequers Capital XVIII, which closed at €1.2 billion, reflecting consistent step-up fundraising momentum across the Chequers Capital franchise.