Idinvest holds first closing of Secondary Fund at €100 million

7 September, 2012 Paris

ldinvest Partners, a European leader in private equity, has announced the first closing for its new investment vehicle which is exclusively dedicated to secondary transactions:  ldinvest Secondary Fund.  The fund has already received 100 M€ in commitments.  The fund’s investors are European financial institutions, one third of which are new LPs.

Christophe Bavière, CEO of ldinvest Partners, declares: “This new fund  is fully in line with our secondaries strategy and meets the expectations of our historic investors who appreciate our investment style.  Our strategy consists of focusing on small to medium-sized European  companies with solid fundamentals. In the current economic context, investment funds play a major role in overcoming the lack of financing which plagues small to medium-sized companies.”

Secondary transactions have been part of ldinvest Partners•core strategy for almost 10 years.  In line with this investment strategy, ldinvest Secondary Fund targets mature, proprietary and small to medium-sized transactions which fly under the radar  of large investment funds, while displaying a significant  discount.  All investments aim at healthy European companies which show strong growth potential.  On the heels of the first closing, ldinvest Secondary Fund has already invested in and supported the development of many European companies such as lnnovia  Films, Moncler or Edenred.  This is in line with previous funds which had taken over from other investors to support and develop companies including Converteam, a French leader in energy conversion, FEP, a German leader for plastic connectors, Hans Anders, a Dutch optics network, or Simple, number one cosmetic brand in the UK.

In accordance with ldrnvest Partners•values, the fund respects ESG criteria.

In 2012, ldrnvest Partners has already invested nearly 175 M€, including 50 M€ across 5 secondary transactions, and boasts a circa 23% average purchase discount.

About ldinvest  Partners

With more than €3 billion under management, ldinvest Partners is a leading Pan-European private equity manager focused on the low and middle market segments.  The company has developed several  complementary areas of expertise including investments in young  innovative  European companies, primary, secondary and mezzanine investments in European non-listed  companies, and private equity consulting.  Formerly part  of the Allianz Group, the firm was founded in 1997 and gained its independence in May 2010, with a back-up of the IDI Group.

SOURCE:  Idinvest Partners