European mid-market private equity firm Idinvest Partners has announced the closure of €340 million second capital growth fund. The fund is aimed towards promising companies that own market credibility and produces a range of quality products. Notably, the firm has managed to raise €40 million more than its initial target.
For the starters, Idinvest Partners is a pan-European private equity manager focused on the low and middle market segments. The firm successfully supports the growth of companies by financing them through its several complementary areas of business expertise: Venture & Growth Capital, Private Debt and Private Funds Group.
Idinvest Growth Fund II focuses on companies that attain annual revenue of over €10 million and maintain growth of over 50%. Though Idinvest puts cutting-edge digital companies on priority, it is also keen on investing in healthcare and other industries.
Since its launch in 2017, the fund has invested half of its overall commitments in 15 companies, including Ogury, Secret Escapes, Klaxoon, Vestiaire Collective, and Sophia Genetics, led by Benoist Grossmann, Managing Partner.
Founded in 1997, Idinvest Partners remained to be an Allianz subsidiary until 2010. Presently as an independent firm, it manages €8 billion funds. Around January 2018, Idinvest partnered with global investment company Eurazeo with a portfolio of €17 billion in assets under management including €11 billion from investment partners, invested in over 300 companies.
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