Idinvest Partners, an investor in SMEs across Europe, closed the Idinvest SME Industrial Assets Fund (ISIA Fund), at €340m.
ISIA is backed by fifteen institutional investors, a third of which are sovereign wealth funds. Close to 35% of the investment comes from outside France, with leading investors including The European Investment Bank (EIB) and the European Investment Fund (EIF).
Launched at the end of 2017, the fund finances the modernization of production tools for European SMEs in the industrial sector (construction, engineering, machinery), consumer goods sector (everyday consumer products, publishing and print), health sector (medical engineering, robotic surgery) and the base materials sector (chemicals and packaging), helping to increase their competitiveness and productivity in both local and international markets.
ISIA launched a digital platform dedicated to the directors of industrial SMEs at the end of 2018, providing immediate access to the financing solutions offered by the fund (financing ensured within 4 to 6 weeks). Investment size ranges between €1m and €15m (on average €5m) with an average financing duration of 5 to 7 years.
The fund has the ability to finance over fifty operations in target European markets including France, Spain, Benelux, and Germany.
To date, it has already supported over fifteen companies and financed nearly fifty pieces of industrial machinery.
The fund’s management team is made up of five investment professionals and is led by Sylvain Makaya, Partner at Idinvest.