BlackFin Capital Partners a Paris, France-based BlackFin private equity firm dedicated to financial services, has closed its BlackFin Financial Services Fund, at € 220m.
This closing follows an initial closing in December 2009 at € 60m. Limited partners include a broad range of European institutional investors and family‐offices.
The fund will continue to pursue the firm’s strategy to take influential stakes in small and medium sized businesses operating in the financial sector (intermediation, asset management, payments processing, electronic banking, distribution of financial products, insurance brokerage, service providers, etc.) across continental Europe.
The fund has already completed three investments including:
‐ Owliance, a provider of processing services to French insurance companies.
‐ Moneo, an electronic wallet and prepaid payment cards operator.
‐ Applicam, a provider of prepaid payment card solutions.
Pending regulatory approval, BlackFin will take, along with co‐investors, a minority stake in Kepler Capital Markets to accelerate the company’s expansion strategy.
The firm is run by its four founders Laurent Bouyoux, Eric May, Paul Mizrahi and Bruno Rostain.