Qualium Investissement said Dec. 15 that its second fund posted a 370 million euro ($437 million) first close. Qualium Fund II is expected to execute a final closing in Q1 2018. Qualium also said that it has spun out from Caisse des Depots. Qualium’s investment team has taken control of the management company and has a 70 percent share of capital and voting rights. Triago and JPG Private Equity are placement agents for the fund.
Paris, December 15, 2017 – Qualium Investissement announces a €370 million close for its second fund.
Following the launch of its fundraising campaign in the summer of 2017, Qualium Fund II has formalized the first closing above its €350 million fund target. More than 20 limited partners committed to the fund – including both existing Qualium I Limited Partners and new investors – hailing mainly from the United States, France, Luxembourg and Switzerland. The Limited Partners are 90 percent institutional, including funds-offunds, banks, insurance companies, and pension funds.
Concurrent with this closing, and in agreement with the General Partner’s former sole owner, the French Caisse des Dépôts, the investment team took control of the management company with a 70 percent share of capital and voting rights. The Caisse des Dépôts remains a strategic investor in Qualium Investissement with 30 percent ownership, and remains a significant Limited Partner in Qualium Fund II.
Qualium Fund II is expected to execute a final closing in Q1 2018. As with Qualium Fund I, Triago is acting as lead advisor and placement agent for Qualium Fund II alongside Paris-based placement agent JPG Private Equity.
Qualium Investissement, regulated by France’s AMF, manages capital for domestic and international investors. Qualium makes majority investments in mainly French small and mid-sized companies. Since its creation in 1998, Qualium has raised almost €2 billion from the Caisse and 40 other French and international investors. Over the years, Qualium has invested in approximately 60 companies in industry, agrifood, specialized distribution, engineering and all other major business sectors. Qualium currently has stakes in 8 private French companies, including La Foir’Fouille, Sogal, Kermel, Invicta, Biscuits International, IMV Technologies and Vulcanic. For more information please visit www.qualium-investissement.com.