Idinvest closed Private Debt IV fund at 715m euros
Paris/Frankfurt — Idinvest Partners, a European investment firm specializing in the SME segment, has completed fundraising for its fourth direct debt fund (Idinvest Private Debt IV) with investment commitments of €715 million. This was announced by the company today. Idinvest Partners has thus significantly exceeded its original target of 600 million euros. More than 60 percent of investors are not from France, Idinvest Partners’ home market.
Since its launch in 2016, the Idinvest Private Debt IV fund has invested 60% of its total volume in 17 companies, more than 40% of which are outside France.
Idinvest’s private debt team focuses on the lower mid-market segment (enterprise value between €35 and €250 million) across Europe and mainly provides unitranche financing with ticket sizes between €10 and €75 million.
“We are proud of the successful fundraising of our latest private debt investment vehicle. Our team has managed to increase the fund’s geographic diversification across Europe, in line with our investment focus — almost half of the investments made so far in 2018 have been outside France “, says François Lacoste (photo) and Eric Gallerne, partners in charge of private debt at Idinvest Partners.
“We are confident that the private debt market will continue to provide further opportunities for Idinvest Partners in the future. Our decade of experience in the lower mid-market segment in Europe enables us to unlock the best investment opportunities for our investors.”
In the first quarter of 2018, Idinvest Partners saw strong private debt investment activity across Europe. The company invested over 120 million euros in seven companies, including Frostkrone, Halex Group and GS Star Hotels in Germany.
This success follows a record year in 2017, when the Private Debt team invested nearly €900 million in 45 companies across Europe. Idinvest Partners owes its pan-European reach to a multinational team of 16 private debt investment specialists and its own offices in Paris, Frankfurt and Madrid. The Private Debt division manages over €3 billion, about one-third of Idinvest Partners’ total assets under management.
About Idinvest Partners
Idinvest Partners is a leading European investment firm focused on the mid market. The company was founded in 1997 as part of the Allianz Group under the name AGF Private Equity and has been independent since 2010. Currently, Idinvest Partners manages assets of around €9 billion with more than 90 employees and has offices in Paris, Frankfurt, Madrid, Shanghai and Dubai. Idinvest Partners has three business units: Private Funds Group, Private Debt and Venture & Growth Capital.
For Private Debt, Idinvest Partners opened an office in Frankfurt in 2017 as part of its international growth strategy to support portfolio companies and clients in the German market. Idinvest Partners’ debt solutions include direct loans, acquisition loans, and asset finance.