Idinvest Partners closes second SME senior debt fund

Idinvest Partners has closed its second SME senior debt fund, Idinvest Dette Senior II. The new fund will provide senior debt financing for acquisitions and development of non-listed European companies with solid fundamentals.

PRESS RELEASE

Idinvest Partners, a leading pan-European private equity firm, today announced the closing of its second SME
senior debt fund, Idinvest Dette Senior II (IDS II). The fund closed at €400 million, exceeding its initial target of
€350 million.
With this new fund, Idinvest Partners is strengthening its private debt activities, where it now has more than
€1.2 billion of assets under management. In July 2013, Idinvest raised €281 million through its IDS I fund,
which is now fully invested.
The IDS II fund will provide senior debt financing for acquisitions and development of non-listed European
companies with solid fundamentals. “IDS II will deploy the same strategy as its predecessor,” said Eric
Gallerne, partner at Idinvest. “Because of its size it will provide even better support for growth in French and
European SMEs”.
Another partner at Idinvest, François Lacoste, added, “Idinvest is building on its ability to specifically address
the midcap leveraged finance segment and holds its own as a major player in the European private debt
market”.
Typical investment targets for the fund will be SMEs with already strong positions on their domestic markets
and some international expansion, who want to anchor those positions and diversify their markets through a
purposeful external growth strategy. Those are winning choices in the current European context of weak
economic growth.
Christophe Bavière, CEO of Idinvest Partners, commented, “We would like to express our gratitude to all our
institutional investors who subscribed to this new fund, as well as those who participated in the first one and
came back for more, and our new partners, for endorsing our strategy. The first fund provided financing for
some real made-in-France success stories, such as Materne’s expansion to the US market. I am confident that
IDS II will deliver a lot more of the same.”
About Idinvest Partners
With €4.7 billion under management and more than 45 staff (workforce doubled over 4 years), Idinvest
Partners has developed several complementary areas of expertise including investments in innovative
European start-ups, primary, secondary and private debt investments in European non-listed companies, and
private equity consulting. Founded under the name AGF Private Equity in 1997, Idinvest Partners was formerly
part of the Allianz Group until 2010, when it joined forces with IDI Group to become independent.

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