French mid-market buyout house Ardian has launched its North American direct investment vehicle, Ardian North America Fund II, established through a partnership with New York-based private equity house Seven Mile Capital Partners (SMCP).
Latest funding round with Target Partners brings the company's total funding to $27m
GP to buy the Spanish electro-medicine manufacturer Indiba from Minerva for around €60m
Rubicon provided fresh capital to support the acquisition of the automotive fluids business
No management changes are planned, and the firm will be run by the executive team