Paris-based Ardian plans $8.9bn for buyouts

The Paris firm plans to emphasize trans-Atlantic expansion as it invests the new fund. Ardian, one of Europe’s biggest private-equity firms, has wrapped up fundraising for its largest-ever buyout vehicle and plans to invest the roughly $8.9 billion with a trans-Atlantic flair.

The Paris firm raised €6.5 billion for its Ardian Buyout Fund VII and an additional €1 billion for co-investment alongside deals made from the vehicle through side agreements with some of the largest investors in the fund, according to Thibault Basquin, head of Americas investments for Ardian’s buyout strategy.

 Ardian is a France-based, independent private equity investment company, founded and managed by Dominique Senequier. It is one of the largest European-headquartered private equity funds.

Source: Wall Street Journal