Private equity firm Keensight Capital has completed the final closing of its new fund, Keensight IV, for EUR250 million.
Jean-Michel Beghin, managing partner at Keensight Capital, says: “The fact that Keensight IV reached its hard cap in less than six months and was significantly oversubscribed, demonstrates the relevance and attractiveness of our investment strategy based on creating value through the strong growth of profitable European companies. We are proud of the continued confidence of our historical investors, such as the Rothschild group, Bpifrance, the Banque Cantonale de Genève, and the EIF, while also welcoming around ten new European investors, including the CERN Pension Fund, CNP Assurances or Allianz France.”
Keensight IV was subscribed up to 90 per cent by institutional investors, including pension funds, insurance companies and banks. Almost all Keensight Capital’s historical investors subscribed to the new vehicle and increased their commitments.
With these commitments Keensight Capital will continue to support entrepreneurs in their growth projects, targeting profitable and rapidly growing companies across Europe with revenues of between EUR15 million and EUR150 million.
The team will invest amounts ranging from EUR10 million to EUR30 million and take both majority and minority shareholder positions by structuring operations with or without leverage.
Over the last year, the Keensight Capital team has completed three investments: Smile, the European leader in open source solutions, Menix, a French leader in the development of dual mobility hip prostheses, and Labelium, an international player in performance-based online marketing.
In parallel, Keensight Capital sold its stake in Octo Telematics, a provider of telematics services for the automotive market, and supported LDR Medical, a manufacturer of spinal implant devices, in its successful flotation on the Nasdaq.
