Amundi targets €250m for new European investment programme

The programme, Amundi said in a statement, will focus on mid-sized European businesses benefiting from at least one of five "mega-trends": technology, demographics, globalisation, the environment and societal changes.

"In recent years, mega-trends have been acting as disruptive forces and shaking up the global economy in all sectors," the firm said. "Despite the sluggish economic environment in Europe, many SMEs and mid-sized businesses are enjoying strong growth and what these companies have in common is that they all benefit from at least one of the five identified mega-trends.

"The programme targets French and European investors seeking diversification and reaching out for yield in an environment of low interest rates."

Amundi will give privilege to entrepreneurial and family-owned businesses, taking minority stakes in companies with high-quality management and a convincing history of profitability. It will target deals with an average value included between €10-35m, aiming for an IRR of 20% gross per transaction.

The firm also said it had closed a first deal through the programme, worth €136m.

People
Amundi Private Equity – Stanislas Cuny (head of direct private equity); Pedro Antonio Arias (head of real alternative assets).

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