Investors home in on Southern Europe

Investindustrial IV LP received extremely 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 fund-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 C. 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.

Investindustrial is a leading Southern European investment group with approximately €2.1bn assets under management, which provides industrial solutions and capital to mid-market companies principally in Italy and Spain.

The firm is independently managed by a dedicated team headed by Andrea C. Bonomi and advised by three senior principals (Dante Razzano, Filippo Aleotti and Carlo Umberto Bonomi) and three principals (Salvatore Catapano, Ignacio Arrieta and Neil Smith) in addition to 14 investment professionals.

Investindustrial’s recent investments include Ducati (an Italian-based manufacturer of sports and racing motorbikes), Polynt (a Italian specialty chemicals company), Panda Software (a global developer of security software and antimalware, headquartered in Spain) and Grupo Inaer (a Spanish and European provider of onshore helicopter services).

Recent exits include Sirti (a provider of network engineering), Recoletos (a Spanish specialty publishing group) and Gardaland (an Italian amusement park).