Idinvest Partners has held the first closing for its new investment vehicle which is exclusively dedicated to secondary transactions – Idinvest Secondary Fund.
The fund has already received EUR100m in commitments. The fund’s investors are European financial institutions, one third of which are new LPs.
Christophe Bavière (pictured), chief executive of Idinvest Partners, says: “This new fund is fully in line with our secondaries strategy and meets the expectations of our historic investors who appreciate our investment style. Our strategy consists of focusing on small to medium-sized European companies with solid fundamentals. In the current economic context, investment funds play a major role in overcoming the lack of financing which plagues small to medium-sized companies.”
Secondary transactions have been part of Idinvest Partners’ core strategy for almost 10 years. In line with this investment strategy, Idinvest Secondary Fund targets mature, proprietary and small to medium-sized transactions which fly under the radar of large investment funds, while displaying a significant discount. All investments aim at healthy European companies which show strong growth potential.
On the heels of the first closing, Idinvest Secondary Fund has already invested in and supported the development of many European companies such as Innovia Films, Moncler or Edenred. This is in continuity of previous funds which had taken over from other investors to support and develop companies including Converteam, a French leader in energy conversion, FEP, a German leader for plastic connectors, Hans Anders, a Dutch optics network, or Simple, a UK cosmetic brand.