Andera Partners completes the single closing of its ActoMezz IV sponsorless fund at more than €500 million

– Andera Partners’ largest fund raised to date

– Individual investments of between €5 million and €70 million

– Annual IRR target over 10% net

Paris (France), 29 June 2020 – Andera Partners, a leading player in unlisted investment in France and abroad, has completed the single closing of its ActoMezz IV sponsorless mezzanine fund, exceeding its initial hard cap of €500 million. This new fund, raised in record time despite the COVID-19 crisis, is the largest completed to date by Andera Partners and 60% bigger than the previous ActoMezz vehicle, which also saw a single closing above its initial hard cap in July 2017, at €315 million.  


Investors in ActoMezz III showed strong support for the team and its strategy through a re-up of more than 110%. Ten or so new leading French and international institutional investors also backed ActoMezz IV and its sponsorless model of supporting management teams seeking to maximise equity stakes in their own companies.

The ActoMezz team has raised more than €1 billion in total over the last six years. Its funds target and generate an annual performance of more than 10% net.

Partner to executives in sponsorless transactions

ActoMezz IV’s investment strategy follows the tack that the ActoMezz team has successfully taken for 15 years, with more than 50 transactions and 34 exits to its name. The fund, which targets unit investments of between €5 million and €70 million, enables company managers to (re)take control of their company through the backing of a financial partner who provides them with all the know-how of private equity while leaving them in control of the capital. ActoMezz IV mainly targets French small and mid-caps but, like Andera’s other investment strategies, does not exclude cross-border transactions, in particular in the Benelux countries, Italy or Spain, all in the context of ambitious growth projects.

Stéphane Bergez, Co-manager of Andera Partners and Managing Partner of ActoMezz: “This fundraising, which comes less than three years after the closing of ActoMezz III, achieved its initial objective of €450 million in just 16 weeks before going on to comfortably exceed it, despite the lockdown. We are very proud to see a re-up of more than 100% of our existing clients for this new vehicle – and to welcome more major investors. This success is the fruit of a solid and consistent strategy that the same team has led with discipline and enthusiasm for 15 years and which is now recognised as unique in sponsorless mezzanine investment in Europe.”

Pierre-Yves Poirier, Co-manager of Andera Partners:The success of the ActoMezz IV fundraising despite a difficult international context validates the strategy of Andera Partners, which has established itself as a leading platform for growth and consolidation in the private equity market. The progress of Cabestan and BioDiscovery, the firm’s two other ongoing fundraisings, reflects investors’ confidence in Andera Partners, which is consolidating its positions and organisation – particularly by constantly strengthening its teams. We thus apply to ourselves the same rigorous and ambitious growth strategy that we expect of the companies we support. This growth will lead us to raise more than €1 billion in 2020, firmly establishing Andera Partners as one of the biggest players in the market.

Success stories

The ActoMezz team has a track record of more than 50 transactions and 34 exits. Its main objective is to support and accelerate growth projects with a view to scaling up businesses alongside majority shareholder managers. ActoMezz’s portfolio currently includes companies such as:

  • Passman, France’s leading provider of internet access for public sites, in a sponsorless transaction in 2014 that resulted in the doubling of the group’s size in five years and its international expansion, followed by a reinvestment by the ActoMezz III fund in 2019;
  • Bioclinic, a major in routine medical analysis in the Paris region, supported by ActoMezz since December 2018 for its Ile-de-France development strategy consisting of four significant acquisitions.

Through ActoMezz’s involvement, many more talented executives have been able to acquire a controlling interest in the companies that they have managed for several years, such as HVJ, Prenax, Tournus and Travelsoft.

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AVERTISSEMENT - CAUTION

TEMPS DE LECTURE : 2 MINUTES

READING TIME: 2 MINUTES


TENTATIVE DE FRAUDE : À LIRE ATTENTIVEMENT
ATTEMPTED FRAUD: READ IT CAREFULLY (English below)

ANDERA PARTNERS attire votre attention sur les tentatives de fraudes avec usurpation d’identité qui sévissent actuellement. Les techniques de phishing (ou hameçonnage) évoluent en permanence et sont de plus en plus sophistiquées.

Ces pratiques frauduleuses qui touchent ANDERA PARTNERS, invitent les particuliers à investir dans des comptes à terme et autres produits d’épargne fictifs sous l’identité d’ ANDERA PARTNERS (Andera Co-Invest notamment), et celles de ses collaborateurs et membres des organes de direction, via une adresse fictive et des appels téléphoniques.

Nous vous invitons à la plus grande vigilance si vous receviez ce type de sollicitations. ANDERA PARTNERS ne propose pas de compte à terme et n’a recours à aucun démarchage auprès du public, ni par téléphone ni par courriel.

Les fraudeurs ne manquent pas d'imagination pour piéger leurs victimes. Leurs actions visent à récupérer à leur insu et de manière indue des données financières, en incitant leurs victimes à réaliser des transactions dématérialisées.
En cas de doute, pour vous protéger et protéger ANDERA PARTNERS, nous vous invitons à :

*   Vous méfier des demandes inattendues, même si elles semblent provenir de dirigeants ou membre d’organes de direction d’ANDERA PARTNERS ;

*   Vérifier l’adresse de l’expéditeur. Les adresses électroniques des collaborateurs d’ANDERA PARTNERS utilisent un seul et même format : initialeduprénom.nom@anderapartners.com. Les adresses globales sont ainsi libellées : nomduservice@anderapartners.com ;

*   Ne jamais cliquer sur un lien vous demandant de partager des informations sensibles et ne jamais répondre à des demandes financières en ligne ;

*   Signaler tout message suspect qui vous demande une action immédiate.

La priorité d'ANDERA PARTNERS est de protéger ses clients et ses activités contre la fraude.
Si vous êtes victime d'une tentative d’escroquerie, veuillez contacter les relations investisseurs à l’adresse suivante : ri@anderapartners.com

Liens utiles :

LISTE NOIRE DES SOCIÉTÉS FRAUDULEUSES ÉTABLIE PAR L’AMF (AUTORITÉ DES MARCHÉS FINANCIERS) : https://www.amf-france.org/fr/espace-epargnants/proteger-son-epargne/listes-noires-et-mises-en-garde

VICTIME D'UNE ARNAQUE : COMMENT DÉPOSER UNE PLAINTE ? | AMF (AMF-FRANCE.ORG) : https://www.amf-france.org/fr/espace-epargnants/savoir-bien-investir/conseils-pratiques/en-cas-de-problemes/victime-dune-arnaque

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ANDERA PARTNERS would like to draw your attention to fraud attempts involving identity theft that are currently rife. Phishing techniques are constantly evolving and becoming increasingly sophisticated.

These fraudulent practices, which affect ANDERA PARTNERS, invite individuals to invest in term accounts and other fictitious savings products under the identity of ANDERA PARTNERS (Andera Co-Invest in particular), and those of its employees and members of the management company, via a fictitious address and telephone calls.

Please be extremely vigilant if you receive this type of solicitation. ANDERA PARTNERS does not offer term accounts and does not canvass the public by telephone or e-mail.

Fraudsters do not lack imagination to trap their victims. Their actions are aimed at unknowingly and improperly recovering financial data, by encouraging their victims to carry out dematerialised transactions.
If in doubt, to protect yourself and ANDERA PARTNERS, we invite you to :

* Be wary of unexpected requests, even if they appear to come from ANDERA PARTNERS managers or members of management bodies;

* Check the sender's address. The e-mail addresses of ANDERA PARTNERS employees use a single format: initialeduprénom.nom@anderapartners.com. Global addresses are written as follows: nomduservice@anderapartners.com ;

* Never click on a link asking you to share confidential information and never respond to online financial requests;

* Report any suspicious message that asks you to take immediate action.

ANDERA PARTNERS' priority is to protect its customers and its business against fraud.
If you are the victim of a fraud attempt, please contact Investor Relations at the following address: ri@anderapartners.com

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