Céréa Partenaire, an investment partner for agrobusiness companies, has held the first closing of Céréa Dette II with more than EUR300 million in commitments, after less than seven months of fundraising.
The fund’s subscribers are all institutional investors including insurance companies, pension funds, funds of funds and banks. Unigrains, sponsor of Céréa Partenaire, as well as all the original investors, have all invested in the new fund.
Launched in early 2015, the first generation of Céréa Dette surpassed its initial objective by more than 30 per cent securing EUR268m in commitments.
Following the same proven strategy, Céréa Dette II will finance buyout operations, growth investments and business funding, providing senior debt through private placements, credit or unitranche financing with underwriting between EUR10 million and EUR60 million.
Michel Chabanel, CEO of Céréa Partenaire, says: “We are proud of this success and the confidence investors have placed in our model. It shows, for both investors and companies, the relevance of our investment strategy which combines a thematic approach to Agrobusiness with a large palette of financing solutions ranging from buyout to debt. We are very well positioned to take advantage of attractive investments opportunities and continue supporting entrepreneurs in their growth projects.”
