Ardian raises 500 mln euros for small-cap investments: Reuters

French private equity firm Ardian, recently spun off from insurer AXA, has raised 500 million euros ($688 million) for small-cap investments.

The buyout group closed its Expansion Fund III after raising 450 million from investors and has another 50 million euros at its disposal for co-investments, Ardian said in a statement on Thursday.

Ardian’s newly launched fund is targeting companies with an enterprise value of up to 150 million euros and has already invested in German frozen food group Frostkrone, French environmental data company CLS Group, French pharma group Synerlab and French smart-cart testing business Micropass.

Ardian, which manages $46 billion, is riding a pick-up in foreign investors’ interest in European assets and is eyeing mid-sized targets in France, Germany and Italy that have international exposure and growth potential. ($1 = 0.7263 Euros)

(Reporting by Arno Schuetze; Editing by Edward Taylor and David Goodman)

Related Posts

Leave a Reply

PEHUB Community

Join the 12503 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget