Investindustrial closes €1bn fourth fund

Investindustrial, the Southern European mid-market buyout group, has closed its fourth Southern European buyout fund, Investindustrial IV at the hard cap of €1bn, exceeding its original €800m target three months after launching.

Investindustrial IV received strong support from existing relationships and was able to attract a number of high quality new investors. Of the total commitments, 37% came from pension plans, insurance groups and banks; 32% from funds of funds; 23% from endowments and family offices; and 8% from government funds and agencies.

European institutional investors contributed 65% of the capital, North American investors 25%, and Asian investors 10%. Notable new investors in the fund include Adams Street Partners, Alpinvest, AXA Private Equity and Harbourvest.

Existing investors who continued with the programme include Adveq, ATP Private Equity Partners, New York Life Insurance Company, Princeton University, Wilshire Private Markets Group, an Asian Government and a large Ontario based pension fund.

Andrea Bonomi, Chairman of Investindustrial, said “we are delighted with the support from our existing investors and the continued high quality of our new investors. We are pleased that our investor base recognises our industrially driven, value-added approach to investing, which we believe is well suited to the needs of the Southern European mid-market companies. The same strategy has served us and our partners well since our inception in 1990.”

MVision Private Equity Advisers acted as global placing agent and SJ Berwin acted as legal counsel.