Firstly, Lion Capital acquired eyewear retailer Alain Afflelou - Unquote
Firstly, Lion Capital acquired eyewear retailer Alain Afflelou - Unquote
Firstly, Lion Capital acquired eyewear retailer Alain Afflelou - Unquote
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34<br />
unquote.com/funds<br />
Idinvest launches mezzanine fund<br />
Mid-market European private equity<br />
firm Idinvest Partners has launched the<br />
Idinvest Private Value Europe fund.<br />
The vehicle will focus on mezzanine<br />
investments in mid-market European<br />
companies, but will also target the<br />
secondaries market.<br />
The fund will primarily target<br />
institutional and private investors, but retail<br />
investors are also able to invest in the vehicle<br />
as a result of an agreement granted by the<br />
French securities regulator.<br />
Non-sophisticated investors will be<br />
sourced from the network at Oddo & Cie<br />
investment bank.<br />
The fund has a target of €150m and will<br />
focus on mezzanine investments in midmarket<br />
companies, aiming to see returns<br />
EDF sponsors new cleantech VC fund<br />
Idinvest Private Value Europe<br />
Target €150m<br />
Announced April 2012<br />
Focus<br />
Mezzanine<br />
Fund manager Idinvest Partners<br />
of 10%. The fund will also invest in the<br />
secondaries market.<br />
Electranova <strong>Capital</strong><br />
French energy company EDF has<br />
partnered with private equity house Idinvest<br />
Partners to launch cleantech venture capital<br />
fund Electranova <strong>Capital</strong>.<br />
The fund has already raised €40m<br />
and will be managed independently by<br />
Idinvest Partners.<br />
EDF committed €30m to the project<br />
while Allianz, the first institutional LP to<br />
invest in the vehicle, contributed €10m.<br />
The search for investors will continue<br />
throughout 2012 and discussions with<br />
several potential LPs are already underway.<br />
Electranova will finance start-ups active<br />
in the energy sector, both in France and<br />
Europe, via minority shareholdings.<br />
Target €100m<br />
Announced May 2012<br />
Closed on €40m first close, May 2012<br />
Focus<br />
Cleantech venture<br />
Fund manager Idinvest Partners<br />
123Venture launches €100m<br />
French mezzanine fund<br />
123Venture has launched a new<br />
mezzanine fund, Trocadero <strong>Capital</strong> &<br />
Transmission II, with a €100m target.<br />
The FCPR will be operated by<br />
123Venture’s new arm Trocadero <strong>Capital</strong>,<br />
which was launched to focus on institutional<br />
investors while 123Venture mainly manages<br />
retail vehicles.<br />
123Venture will commit €7m to the fund,<br />
while the remainder will be provided by<br />
institutional clients.<br />
Trocadero <strong>Capital</strong> & Transmission II will<br />
Cross Road holds first close on €30m<br />
Trocadero <strong>Capital</strong> & Transmission II<br />
Target €100m<br />
Announced May 2012<br />
Focus<br />
Mezzanine, France<br />
Fund manager Trocadero <strong>Capital</strong><br />
provide mezzanine funding to French SMEs.<br />
Philippe Bruneau will manage the fund for<br />
123Venture.<br />
CRB Bio II<br />
Cross Road Biotech has announced the<br />
first closing of its second fund, CRB Bio II,<br />
on €30m.<br />
The fund has a target of €60m, which it<br />
aims to reach in the coming months. The<br />
vehicle was launched in October 2010.<br />
<strong>Capital</strong> commitments originate from<br />
private and public investors.<br />
The fund will invest in 10-12 SMEs in<br />
the biomedical sector, targeting the therapy,<br />
medical and alimentary products industries<br />
over a period of eight years.<br />
Target €60m<br />
Announced October 2010<br />
Closed on €30m, April 2012 (first close)<br />
Focus<br />
Biomedicine<br />
Fund manager Cross Road Biotech<br />
Issue 5 – June 2012
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