Investindustrial has held EUR2.0 billion closing of Investindustrial VI (Fund VI), the largest private equity fund focused primarily on Southern Europe. The fund was marketed over three months and reached its hard cap with significant additional interest.
The investor base is made up of 47 long-term investors. 54 per cent of the capital comes from European investors, 41 per cent from the United States and 5 per cent from the rest of the world.
Fund VI will continue to pursue majority investments in quality European mid-market companies, typically headquartered in Italy, Spain, Portugal or Switzerland, and with strong internationalisation potential.
With 75 professionals, global business development capabilities and offices in Lugano, Barcelona, London, Luxembourg, New York and Shanghai, Investindustrial is one of Europe’s most complete mid- market private equity firms. The firm distinguishes itself through a distinct industrially-driven approach, internationalisation capabilities, and domination of its core geographic markets.
Investindustrial operates successfully across three main sectors – Consumer, Industrial Manufacturing and Services. The current portfolio includes companies such as Aston Martin (sports cars), B&B Italia (designer furniture), Flos (architectural lighting), Goldcar (holiday car rental), Polynt (specialty chemicals), PortAventura (leisure resort) and Sergio Rossi (luxury shoes). Regional dominance
Fund VI, the first fund of EUR2 billion or more raised for the region, is almost at par with the combined capital of the other twelve funds raised in the region since the start of 2014 (EUR2.3 billion), confirming its positioning as the only regional player operating across the entire mid-market. Of the four funds raised in the region in the last decade with commitments of EUR1 billion or more, three were successfully managed by Investindustrial.
Andrea C Bonomi, Managing Principal at Investindustrial, says: “We are very pleased that our consistent performance in a difficult market has been recognised by our partners. For premier, value-added firms such as Investindustrial, the opportunity set to invest in the European mid-market is vibrant. With the new programme, we will continue to invest in our team with the objective of reinforcing our position as one of Europe’s most complete private equity groups and the dominant regional player in Southern Europe.”
Lazard acted as placement agent and Paul Hastings acted as legal advisors.