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Final closing of Idinvest Growth Fund II at 340 million euros

14. Febru­ary 2019

Paris/ Frank­furt — Idin­vest Part­ners, the Euro­pean invest­ment firm specia­li­zing in the SME segment, today announ­ced the closing of its second growth capi­tal fund, Idin­vest Growth Fund II (IGF II), with a volume of €340 million, excee­ding its initial target of €300 million. To this end, Idin­vest Growth Fund II has attrac­ted pres­ti­gious inves­tors, more than 75 percent of whom are based outside France.

Since its launch in 2017, the fund has already inves­ted 50 percent of its funds in a total of 15 compa­nies, inclu­ding Ogury, Secret Escapes, Klaxoon, Vesti­aire Collec­tive, Sophia Gene­tics and the German company iAdvize.

IGF II invests in compa­nies with high growth poten­tial that have already deve­lo­ped success­ful products and services that are both appre­cia­ted and adop­ted by consu­mers. The vast majo­rity of IGF II target compa­nies achieve annual sales of more than €10 million with annual growth rates of more than 50 percent. Compa­nies from the digi­tal economy repre­sent a signi­fi­cant part of this port­fo­lio. Nevertheless, the fund retains a certain flexi­bi­lity with regard to its invest­ment sectors, which allows it to invest in health­care or other sectors as well.

Benoist Gross­mann (photo), Mana­ging Part­ner, said: “Idin­vest Part­ners is proud to support Euro­pean SMEs at every stage of their lifecy­cle. Our capa­bi­li­ties span the full range of capi­tal struc­ture from early-stage venture capi­tal to expan­sion stage finan­cing. We are plea­sed with the strong demand the fund has met with insti­tu­tio­nal inves­tors world­wide and are confi­dent that Idin­vest Growth Fund II will support success­ful and ambi­tious SMEs on their path to beco­m­ing global leaders.”

About Idin­vest Partners
Idin­vest Part­ners is a leading Euro­pean invest­ment firm focu­sed on the mid market. With €8 billion in assets under manage­ment, Idin­vest Part­ners has proven exper­tise in venture capi­tal finan­cing for inno­va­tive star­tups, private debt finan­cing for mid-market compa­nies inclu­ding unitran­che, senior as well as subor­di­na­ted finan­cing, primary and secon­dary invest­ments, and private equity advi­sory services. — Foun­ded in 1997 as part of the Alli­anz Group, the company has been inde­pen­dent since 2010. In Janu­ary 2018, Idin­vest Part­ners became part of the Eura­zeo Group, a leading global invest­ment company whose €17 billion in assets under manage­ment (inclu­ding €11 billion from invest­ment part­ners) is inves­ted in a diver­si­fied port­fo­lio consis­ting of more than 300 corpo­rate investments.

For private debt, Idin­vest Part­ners opened an office in Frank­furt in early 2017. Here, four employees curr­ently support port­fo­lio compa­nies and custo­mers in the German market with debt capi­tal solu­ti­ons such as direct loans, take­over loans and asset finance.

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