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Axa Private Equity closes second small cap buyout fund at EUR353m

Axa Private Equity has closed Axa Expansion Fund II, which focuses on medium-sized companies valued at less than EUR100m seeking a financial partner to boost growth, at EUR353m.
Axa Private Equity has closed Axa Expansion Fund II, which focuses on medium-sized companies valued at less than EUR100m seeking a financial partner to boost growth, at EUR353m.

Axa Private Equity says the fund is part of its strategy to expand geographically in the small cap buyout market, bolstered by a European network that includes offices in Paris, Frankfurt and Milan, three of the most dynamic markets in the euro zone.

‘With our team of 12 French, German and Italian small cap buyout professionals, Axa Private Equity has a particularly strong position that allows us to identify and seize the best investment opportunities in the euro zone,’ says Dominique Gaillard, a member of the firm’s management board and managing director for direct funds.

The new fund has already committed more than 14 per cent of its total assets to four investments in Synerlab, a French designer of pharmaceutical products, Trecobat Group, a builders of single-family houses in France, Flex Group, a German manufacturer of hand-held power tools, and Welcome Real-time, an international developer of payments software.

Axa Private Equity, a subsidiary of Axa Investment Managers, is active in all private equity activities including buyout, expansion capital, venture capital, co-investment, mezzanine, and primary, early secondary and secondary funds of funds. With offices in Paris, London, Frankfurt, Milan, New York and Singapore, the business manages more than EUR11.3bn in assets and provides advisory services to European and international investors.

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