NBGI Private Equity, a private equity firm managing approximately €900m through its various specific funds across Europe, has increased the size of its first French fund to €100m.
According to Laurent Allégot of NBGI Private Equity, the size of the fund now fits perfectly with the chosen segment of ‘Lower Mid-Market’, which has remained very active in the midst of a general financial crisis.
“If we remain very selective and focus on the right opportunities during the next 2 to 3 years, we should be able to build a portfolio of quality assets that will benefit from a recovery in the economy”, he said.
Commenting on the increase, Pavlos Stellakis, Chairman & CEO of NBGI Private Equity, was reported to say: “These additional resources support our objective of accelerating the growth in our French operations, whilst maintaining a strong investment discipline”.
The fund, which invests in companies with strong growth potential, organic and/or by acquisition, where operational efficiency can be significantly improved, has just completed its first acquisition in France (SPM – Boulangerie Thierry).