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.