Qualium to Raise Roughly €500 million with Fund VI

Qualium Investissement, the former CDC Capital Investissement, is expected to raise a little more than €500 million (US$650.1 million) with its sixth fund, a source says.

The PE subsidiary of Caisse des Dépôts began fundraising for the pool in January, the person says. The target was €500 million. In July, Qualium announced a €450 million interim closing effective June 30, according to a press release.

Qualium is expected to close at roughly €510 million in the next few days, the source says. The fund is expected to stay open until first quarter 2012, because some investors still have to complete [their commitments], the source says. The firm’s fifth fund, CDC Capital IIIB, raised €400 million in 2006

Triago, along with JPG Private Equity, are the placement agents for fund VI.

Qualium buys majority stakes in small to medium-sized companies in France, valued between €40 million and €250 million, according to the July statement. The fund has made two investments; La Foir’Fouille, a discount retailer, in 2010 and Sogal, which makes sliding doors, also that year.

Officials for Triago declined comment.

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