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Idinvest closes Growth Fund II at EUR250m

Idinvest Partners has strengthened its commitment to financing unlisted European businesses with the initial closing of its second capital growth fund at EUR250 million.

The strategy of Idinvest Growth Fund II follows in the footsteps of the firm’s previous investments in the growth sector which financially supports European SMEs, transforming them into global leaders.
 
The fund targets digital, health, and energies and cities sectors. Idinvest is aiming for a final closing of between EUR350 million and EUR400 million in the first quarter of 2017.
 
Christophe Bavière, founding partner of Idinvest Partners, says: “We recognise and appreciate the trust our investors have in us, some of whom have been with us for nearly 20 years. The success of the strategy proposed by this fund has attracted new partners based in the Middle East. In today’s complex market where LPs are seeking consistent and attractive performances, Idinvest’s heritage and specialisation in SMEs with strong growth potential is demonstrating the strength of its offering.”
 
Benoist Grossmann, managing partner of Idinvest Partners, says the Idinvest Growth Fund II will allow the firm to accelerate and develop it’s relationships with growing European SMEs.
 
“Modelled on previous investments such as Talend (currently listed on The Nasdaq Stock Market), Withings (bought by global telecommunicaitons leader Nokia) and similarly Vestiaire Collective and Sigfox (now global leaders in their respective sectors), Idinvest is confident of the potential to reproduce similar successes with businesses that have their roots in France and Europe, but whose prospects for growth are global,” he says.

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