{"id":4678,"date":"2020-06-29T10:40:00","date_gmt":"2020-06-29T08:40:00","guid":{"rendered":"https:\/\/www.anderapartners.com\/?p=4678"},"modified":"2020-10-07T18:55:37","modified_gmt":"2020-10-07T16:55:37","slug":"actomezz-iv-a-single-closing-at-more-than-e500-million","status":"publish","type":"post","link":"https:\/\/www.anderapartners.com\/en\/actomezz-iv-a-single-closing-at-more-than-e500-million\/","title":{"rendered":"ActoMezz IV: a single closing at more than \u20ac500 million"},"content":{"rendered":"\r\n

Andera Partners completes the single closing of its ActoMezz IV sponsorless fund at more than \u20ac500 million

<\/strong><\/p>\r\n\r\n\r\n\r\n

– Andera Partners\u2019 largest fund raised to date<\/strong><\/p>\r\n\r\n\r\n\r\n

– Individual investments of between \u20ac5 million and \u20ac70 million <\/strong><\/p>\r\n\r\n\r\n\r\n

– Annual IRR target over 10% net <\/strong><\/p>\r\n\r\n\r\n\r\n

Paris (France), 29 June 2020 – <\/strong>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 \u20ac500 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 \u20ac315 million.\u00a0\u00a0<\/p>\r\n\r\n\r\n\r\n


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.<\/a><\/p>\r\n\r\n\r\n\r\n

The ActoMezz team has raised more than \u20ac1 billion in total over the last six years. Its funds target and generate an annual performance of more than 10% net.<\/p>\r\n\r\n\r\n\r\n

Partner to executives in sponsorless transactions<\/strong><\/p>\r\n\r\n\r\n\r\n

ActoMezz IV\u2019s 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 \u20ac5 million and \u20ac70 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\u2019s 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.<\/p>\r\n\r\n\r\n\r\n

St\u00e9phane Bergez, Co-manager of Andera Partners and Managing Partner of ActoMezz:<\/strong> \u201cThis fundraising, which comes less than three years after the closing of ActoMezz III, achieved its initial objective of \u20ac450 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 \u2013 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<\/em> in Europe.\u201d<\/p>\r\n\r\n\r\n\r\n

Pierre-Yves Poirier, Co-manager of Andera Partners:<\/strong> \u201cThe 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\u2019s two other ongoing fundraisings, reflects investors\u2019 confidence in Andera Partners, which is consolidating its positions and organisation \u2013 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 \u20ac1 billion in 2020, firmly establishing Andera Partners as one of the biggest players in the market.<\/em>\u201d<\/p>\r\n\r\n\r\n\r\n

Success stories<\/strong><\/p>\r\n\r\n\r\n\r\n

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\u2019s portfolio currently includes companies such as:<\/p>\r\n\r\n\r\n\r\n