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Idinvest Partners closes dedicated SME senior debt fund at EUR281m

Private equity firm Idinvest Partners has held the closing at EUR281m of its new investment vehicle exclusively dedicated to senior debt, exceeding its initial target of EUR250m.

The fund’s investors are major and well-known institutional. With this new fund, Idinvest Partners raises its profile in the area of private debt, in which it currently has more than EUR600m of assets under management.
The fund will finance senior acquisition debt subscribe unlisted European companies with solid fundamentals, moderate leverage and robust business models.
Typical investment target is a SMEs already well-positioned on their domestic market which have initiated an external growth strategy, and which also aims to expand into international markets – particularly emerging markets. These are winning choices in the current European context of weak economic growth, but in order for these SMEs to become European mid-cap companies, the necessary financial resources must be made available to them. The fund has already carried out eight corporate financing transactions.
“For example, the fund has helped Averys, a leading French manufacturer of pallet racking and shelving production, to take control of its Belgian competitor Stow International while allowing Novacap, a chemical group which provides intermediate chemical products used into a large range of end-markets, to make a significant strategic acquisition in China. It has also facilitated the international development of ADB, the world leader in airfield ground lighting products, systems and equipment,” says Christophe Bavière (pictured), chief executive of Idinvest Partners.

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