Paris-based Edmond de Rothschild Investment Partners announced the final closing of its Winch Capital 2 development capital fund for €250m.
In making the announcement, Pierre-Michel Passy, chairman of the investment firm, said: “We were targeting a second closing around €200m. In only 4 months, we went above the hard cap of €250m”.
On June 30, 2009, the firm had a first closing of the fund at €175m.
Investors in the Winch Capital 2 include Fondinvest, AGF Private Equity, SGAM Private Equity, Dahlia, Prédica and Crédit Mutuel Arkéa.
At a strategic level, the fund will target profitable companies with strong positions on their respective markets and sales of between €20m and 250m. The fund will invest €5/15m in its stakes through capital increases or owner buy-outs.