Ardian closes €3.2bn fund to drive growth in European mid-cap companies

Ardian, the French private equity firm, has closed its latest mid-cap growth fund, Ardian Expansion Fund VI, at €3.2bn, surpassing its target by 10%.

The fund represents a 60% increase from its predecessor and attracted 200 limited partners from 28 countries, including nearly 120 new investors. The successful raise underscores Ardian’s strong track record and investor confidence in its strategies.

The fund will focus on high-growth, mid-sized European businesses, with equity investments ranging from €50m to €300m. Ardian has already committed a third of the fund to eight transactions, including the acquisition of a majority stake in Diam, a provider of merchandising solutions for the beauty and luxury sector, and Vecos, a smart locker company.

François Jerphagnon, managing director of Ardian France and head of its Expansion team, highlighted that LPs remain selective but willing to invest in high-performing funds. “What is positive is that good funds can still generate interest, and that worked in our favor,” Jerphagnon said.

Ardian manages $176bn across private equity, real assets, and credit and operates 19 offices worldwide. The success of this fund positions Ardian to further its commitment to supporting innovative European businesses and driving growth in the mid-cap segment.

Source: Yahoo Finance

Can’t stop reading? Read more