Idinvest Parners has held the final closing of Idinvest Private Debt III a fund dedicated to the financing of European SMEs through mezzanine or unitranche, at EUR400 million.
Following in the footsteps of its predecessors, the Fund will invest in business transfers, acquisitions and organic growth especially in exports.
The fund applies a flexible and original strategy based on a particularly focused approach, targeting:
• Investments of about EUR5m-EUR40m in the mezzanine and unitranche debt of European SMEs;
• Debt purchases on the secondary market.
Idinvest Private Debt III has already backed 11 European companies. It is the first of Idinvest funds to attract a majority of international investors alongside the firm’s historical French investors.
“Backing French and European SMEs, supplying the equity and debt capital they need to support their organic or external growth, international expansion and innovation – that is the mission of Idinvest Partners. Mezzanine and unitranche financing meets the needs of some great SMEs on the road to becoming mid-caps,” says Christophe Bavière, CEO of Idinvest Partners.
According to François Lacoste, Partner: "Idinvest Partners is now a partner for investment funds and SMEs throughout Europe, as evidenced by the mezzanine and unitranche debt financing of J&S and Prae-Turbo in Germany, Italpresse in Italy, and more recently Axelliance in France."