Idinvest Growth Fund II raises 340 mln euros

Idinvest Partners said Feb. 13 that its second growth fund closed on 340 million euros ($383.2 million), surpassing its initial target of 300 million euros. Idinvest focuses on small and medium enterprises across Europe.

Paris, 13 February 2019,

Idinvest Partners, a leading investor in SMEs across Europe, has today announced the final closing of its second capital growth fund (Idinvest Growth Fund II) at €340m, surpassing its initial target of €300m. Idinvest Growth Fund II brings together a panel of renowned investors, of whom more than 75% are based outside France.

Since its launch in 2017, the fund has invested 50% of its total commitments across 15 companies, including Ogury, Secret Escapes, Klaxoon, Vestiaire Collective, and Sophia Genetics.

Idinvest Growth Fund II (IGF II) invests in businesses with strong potential that have already developed excellent products and services recognised and adopted by consumers. A large majority of businesses targeted by IGF II achieve annual revenue of over €10m and demonstrate rapid annual growth over 50%. Digital companies form a significant part of the portfolio, but the fund retains a certain degree of flexibility with its investment sectors, enabling it to invest in healthcare or other industries.

Benoist Grossmann, Managing Partner, said: “Idinvest is proud to support European SMEs at every stage of their life-cycle, from early-stage venture to later stage funding across the capital structure. We are delighted with the success of the Fund among both French and international institutional investors, and believe Idinvest Growth Fund II will support these successful and ambitious SMEs to transform into world leaders.”

Idinvest Partners is a leading European mid-market private equity firm. With €8bn under management, the firm has developed several areas of expertise including innovative startup venture capital transactions; mid-market private debt, i.e. single-tranche, senior and subordinated debt; primary and secondary investment and private equity advisory services. Founded in 1997, Idinvest Partners used to be an Allianz subsidiary until 2010, when it branched out as an independent firm. In January 2018, Idinvest Partners joined forces with Eurazeo, a leading global investment company, with a diversified portfolio of €17 billion in assets under management, including approximately €11 billion from investment partners, invested in over 300 companies.