Goodwin Paris advised Andera Partners, a leading player in private markets in France and internationally, on the €1.1 billion* fundraising of Acto V, exceeding its initial €1 billion hard cap.
Acto V is now Andera Partners' largest fund and the first to top the one-billion-euro mark. It shows investors’ renewed trust in the Acto strategy and the team’s ability to deploy an original and disciplined approach in a European market that is becoming more selective than ever. It rewards Andera Acto’s solid leadership in the sponsorless mezzanine sector.
The fund, which targets mezzanine and minority equity investments ranging from €20 million to €150 million, will enable company directors to (re)take control of their companies while relying on a non-intrusive financial partner who can provide them with the support and expertise of private equity. Acto V primarily targets small and mid-cap French SMEs and 20% of cross-border deals in Benelux, the German-speaking regions in Europe, Italy, and Spain.
Acto V is already in an active investment phase, having completed eight transactions to date.
The Goodwin team advising Andera Partners included Arnaud David and Maxime Hemled on investment fund matters, and Marie-Laure Bruneel and Paul Fournière on tax matters.
*The total €1.1 billion amount was raised through Acto V and its parallel fund, Andera Dette Privée.