Investindustrial VI, fund focused on Southern Europe, closes at €2 billion
Investindustrial has announced the €2.0 billion closing of Investindustrial VI (“Fund VI”), the largest fund focused primarily on Southern Europe.
Strong investor support
The fund was marketed over three months and reached its hard cap with significant additional interest. The investor base is made up of 47 long-term investors. 54% of the capital comes from European investors, 41% from the United States and 5% from the rest of the world.
A distinct value-added approach
Fund VI will continue to pursue majority investments in quality European mid-market companies, typically headquartered in Italy, Spain, Portugal or Switzerland, and with strong internationalisation potential.
With 75 professionals, global business development capabilities and offices in Lugano, Barcelona, London, Luxembourg, New York and Shanghai, Investindustrial is one of Europe’s most complete mid-market private equity firms. The firm distinguishes itself through a distinct industrially-driven approach, internationalisation capabilities, and domination of its core geographic markets.
Investindustrial operates successfully across three main sectors – Consumer, Industrial Manufacturing and Services. The current portfolio includes companies such as Aston Martin (sports cars), B&B Italia (designer furniture), Flos (architectural lighting), Goldcar (holiday car rental), Polynt (specialty chemicals), PortAventura (leisure resort) and Sergio Rossi (luxury shoes).
Fund VI, the first fund of €2 billion or more raised for the region, is almost at par with the combined capital of the other twelve funds raised in the region since the start of 2014 (€2.3bn), confirming its positioning as the only regional player operating across the entire mid-market. Of the four funds raised in the region in the last decade with commitments of €1 billion or more, three were successfully managed by Investindustrial.
Andrea C. Bonomi, Managing Principal at Investindustrial commented: “We are very pleased that our consistent performance in a difficult market has been recognised by our partners. For premier, value-added firms such as Investindustrial, the opportunity set to invest in the European mid-market is vibrant. With the new programme, we will continue to invest in our team with the objective of reinforcing our position as one of Europe’s most complete private equity groups and the dominant regional player in Southern Europe.”
Lazard acted as placement agent and Paul Hastings acted as legal advisors.
Investindustrial ( www.investindustrial.com) is a leading European group of independently managed investment, holding and advisory companies with more than €5 billion of assets under management, which provides industrial solutions and capital to mid-market companies in Europe. Its mission is to actively contribute to the development of the companies in which it invests, by creating growth opportunities and offering global solutions through an entrepreneurial pan-European vision. Investindustrial has a history of more than 25 years of successfully partnering with companies in Europe. Certain companies of the Investindustrial group are authorised by, and subject to regulatory supervision of the FCA in the United Kingdom, the CSSF in Luxembourg and the FINMA in Switzerland.
Investindustrial is consistently recognised as a leader by the market, with recent awards including European Buyout House of the Year and Best Private Equity Personality of the Year. Investindustrial supports the United Nations Global Compact and is a member of the UN Principles for Responsible Investment. Investindustrial is a certified carbon neutral organisation and has an active charitable foundation, Invest for Children, established in 1990 ( www.investforchildren.org).