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Laxman Pai, Opalesque Asia: European buyout house Investindustrial has held a final close for its third lower-mid-market fund, Investindustrial Growth Fund III, on EUR 1.1bn ($1.2bn).
The fund closed EUR 100m above its target, said a press release from the global private equity firm focused on buyouts of mid-market companies in Europe and selectively in North America.
"The fund will continue the strategy employed by Investindustrial's previous two funds of making majority investments in European lower mid-market companies with strong internationalization potential," claimed the release.
Investments will predominantly focus on companies headquartered in Italy, Spain, Portugal, or Switzerland, it added.
The fund completed its first investment in Arterex, a global, buy-and-build opportunity in the manufacturing of specialty medical compounds and devices, in Q4 2022.
The strategy's predecessor funds have cumulatively invested more than €1.0 billion across 13 platform investments and a further 35 add-on acquisitions, having partnered with investors on several co-investment opportunities.
Investindustrial Growth has an investment advisory team led by Managing Principal Roberto Ardagna and comprises 22 investment professionals based principally in London, Madrid, and New York, in addition to more than 50 shared central operational improvement and support team members.
Andrea C. Bonomi, Chairman of the Industrial Advisory Board at Investindust...................... To view our full article Click here
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