Idinvest Partners, a pan-European private equity firm, has closed its second SME senior debt fund, Idinvest Dette Senior II (IDS II).
The fund closed at EUR400 million, exceeding its initial target of EUR350 million.
With this new fund, Idinvest Partners is strengthening its private debt activities, where it now has more than EUR1.2 billion of assets under management. In July 2013, Idinvest raised EUR281 million through its IDS I fund, which is now fully invested.
The IDS II fund will provide senior debt financing for acquisitions and development of non-listed European companies with solid fundamentals.
“IDS II will deploy the same strategy as its predecessor,” says Eric Gallerne, partner at Idinvest. “Because of its size it will provide even better support for growth in French and European SMEs”.
Typical investment targets for the fund will be SMEs with already strong positions on their domestic markets and some international expansion, who want to anchor those positions and diversify their markets through a purposeful external growth strategy.
