Idinvest Partners, a European mid-market private equity firm, closed its second capital growth fund, at €340m.
Idinvest Growth Fund II, which raised approx. €40m more than its initial target, invests in businesses with strong potential that have already developed excellent products and services recognized and adopted by consumers.
A large majority of businesses targeted by IGF II achieve annual revenue of over €10m and demonstrate rapid annual growth over 50%. Digital companies form a significant part of the portfolio, but the fund retains a certain degree of flexibility with its investment sectors, enabling it to invest in healthcare or other industries.
Since its launch in 2017, the fund has invested 50% of its total commitments across 15 companies, including Ogury, Secret Escapes, Klaxoon, Vestiaire Collective, and Sophia Genetics.
It is led by Benoist Grossmann, Managing Partner.
Founded in 1997, Idinvest Partners is a European mid-market private equity firm with €8bn under management. It used to be an Allianz subsidiary until 2010, when it branched out as an independent firm. In January 2018, Idinvest joined forces with Eurazeo, a global investment company, with a diversified portfolio of €17 billion in assets under management, including approximately €11 billion from investment partners, invested in over 300 companies.