Investindustrial raises over 1.1bn euros for third growth fund

• Crestbridge is serving as fund administrator
• London-based private equity firm Investindustrial was founded in 1990
• Investindustrial targets the industrial manufacturing, consumer and healthcare & services sectors

Investindustrial has closed its third growth fund above its target of 1.1 billion euros.

Investindustrial Growth III will invest in European lower mid-market companies.

On the fundraising, Andrea C. Bonomi, chairman of the industrial advisory board at Investindustrial, said in a statement, “We are very pleased that our consistent performance and long-term strategy have once again been recognised by our long-standing partners and several new investors. Lower mid-market and mid-market companies, and their highly talented senior managers and employees, have great potential to become sustainable, long-term leaders.”

Paul Hastings (Europe) LLP acted as legal advisor. Crestbridge is acting as fund administrator.

London-based private equity firm Investindustrial was founded in 1990.

Investindustrial targets the industrial manufacturing, consumer and healthcare & services sectors.