Private equity firm Argos Soditic closed Euroknights VI at €400m.
The fund, which was launched at the end of May 2010 with a target of €360m, which will target small and mid-market companies predominantly based in France, Italy and Switzerland.
90% of existing supporters have reinvested in the vehicle. Fund VI investors, which come from from Europe, the US, Asia, Australia and the Middle East, include:
– pension funds (45%),
– sovereign funds (20%),
– insurance companies (10%),
– fund of funds (20%),
– family offices (5%).
Argos Soditic has been investing in France, Italy and Switzerland for more than 20 years operating offices in Paris, Milan and Geneva.
With this new fund, Argos will continue to apply its entrepreneurial approach focusing on management buy-outs and buy-ins in small and medium companies and typically takes majority stakes ranging from €10m to €50m in companies with revenues of €20m to €400m.