The Paris Private Equity team assisted Andera Partners on the single closing of its ActoMezz IV sponsorless mezzanine fund, exceeding its initial hard cap of €500 million. This new fund, raised in record time despite the COVID-19 crisis, is the largest completed to date by Andera Partners and 60% bigger than the previous ActoMezz vehicle, which also saw a single closing above its initial hard cap in July 2017 at €315 million.
The fund, which targets unit investments of between €5 million and €70 million, enables company managers to (re)take control of their company through the backing of a financial partner who provides them with all the know-how of private equity while leaving them in control of the capital. ActoMezz IV mainly targets French small and mid-caps but, like Andera’s other investment strategies, does not exclude cross-border transactions, in particular in the Benelux countries, Italy or Spain, all in the context of ambitious growth projects.
For more details, read the press release.