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Idinvest Digital Fund II closes on €140 million

Wednesday, May 06, 2015
Opalesque Industry Update - Idinvest Partners, the leading European Private Equity firm specialising in SMEs, has announced the final closing of its Idinvest Digital Fund II at €140 million. The fund is entirely dedicated to financing the growth of developing businesses in the digital and new technology segments (web-based, media, mobile, e-commerce services and software) in France and across Europe.

The fund has invested in 10 companies so far, including Sigfox, Synthesio and Twenga ; 30% of the capital has been called in and the fund is already delivering positive returns.

The fund has successfully gathered prominent investors, such as Bpifrance and Idinvest’s historical partner, Allianz France, who are topping the list. Besides these, there is also a large number of insurance companies, banks, family offices and leading industry players and corporates, such as Lagardère and Up groups.

Lagardère Groupe is an active partner in Idinvest Digital Fund II, attracted by the company’s experience in open innovation. Former funds have already demonstrated the firm’s know-how by supporting innovative French businesses, such as Deezer, Dailymotion, Criteo and Meetic in becoming European and worldwide leaders.

Furthermore, Idinvest has built close ties with various industrial players, such as EDF, Total, SNCF, Orange, Air Liquide and Michelin over the past few years.

Christophe Bavière and Benoist Grossmann, CEO and Managing Partner of Idinvest, respectively, state: "Idinvest’s first digital fund offers a 3.5x return multiple and has already delivered 222% to its investors. It has given French gems, such as Clear2Pay, Sarenza, Criteo or Talend the opportunity to become European or even global leaders. We are highly delighted to be supported by some of our longstanding institutional investors, but also by various industrial players within the fund”.

For over a decade, Idinvest Partners has been taking part in supporting some of France’s, and Europe’s greatest IT and digital ventures. The company has developed a widespread reputation for cutting-edge expertise in the digital and new technology segments. Matthieu Baret, Partner at Idinvest, adds: “The quality of the entrepreneurs we meet, their talent in developing global business perspectives and the growing importance of digital innovation - especially within large groups - are fostering a particularly favourable environment for investing in this sector”.

Idinvest Partners now manages more than 5 billions euros under management.

Press Release

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