Idinvest Partners, an investor in SMEs across Europe, today announces the final closing of the Idinvest SME Industrial Assets Fund (ISIA) at EUR340 million, surpassing its initial target of EUR300 million by 13 per cent.
Launched at the end of 2017, ISIA is the first diversified fund intended to finance the modernisation of production tools for European SMEs, helping to increase their competitiveness and productivity in both local and international markets.
ISIA is backed by fifteen institutional investors, a third of which are sovereign wealth funds. Close to 35 per cent of the investment comes from outside France, with leading investors including The European Investment Bank (EIB) and the European Investment Fund (EIF).
ISIA has the ability to finance over fifty operations in target European markets including France, Spain, Benelux, and Germany. To date, ISIA has already supported over fifteen companies and financed nearly fifty pieces of industrial machinery. The fund’s management team is made up of five investment professionals and is led by Sylvain Makaya, Partner at Idinvest.
Makaya says: “We are delighted with the success of this fundraising and the very high level of demand from investors. We voluntarily chose to close the fund at this stage to prioritise the deployment of capital, given the need for flexible financing solutions to help European SMEs respond to the challenges of competitiveness and productivity that they are confronted with, and ensure they have access to the modern industrial equipment they need.”
Christophe Bavière, CEO of Idinvest, says: “For the past 20 years, Idinvest has been a proud supporter of European SMEs and the ISIA fund demonstrates our continued commitment to meet their growing needs with tailored financing solutions. It is our belief that giving companies access to more modern industrial equipment will not only help them develop at a greater pace but will also go towards supporting the core of value creation in Europe.”
