Ardian, a Paris, France-based private investment firm, raised €230m for its latest growth equity fund.
Ardian Growth Fund II was raised in four months from both institutional investors such as the European Investment Fund (FEI) and Bpifrance – which invests on its own account and within the framework of the Investments for the Future Programme via the MultiCap Croissance fund – and as well as from more than 50 European entrepreneurs in the digital sector.
Led by Laurent Foata, Ardian Growth takes both minority and majority positions, investing up to €25m in fast growing and profitable companies that want to accelerate their international development and external growth. Active in France, Italy, Spain and Benelux, Ardian Growth pursues a pan-European investment strategy.
Since 1998, Ardian Growth has supported more than 100 companies in the digital sector (software, internet, etc.), most recently including Bricoprivé and Ivalua in France, Lastminute.com in Italy and T2O in Spain. During the last twelve months, Ardian Growth has been particularly active with more than 9 exits, 5 investments and 9 build-ups.