Montefiore raises €120m

French private equity firm Montefiore Investment has closed a €120m fund.

It will follow Montefiore’s investment strategy of backing companies in the locally-supplied services sector.

Montefiore has implemented a coinvestment scheme, bringing the funds available for investment to €250m in equity.

Eric Bismuth, CEO of Montefiore, said: “The success of this fund raising, especially in a difficult economic environment, is a strong sign of confidence from our investors. They are thus endorsing our status as a leading investor in the locally supplied services in France, our ‘Focus & Growth’ strategy, as well as the performance of our team’s investments.”