Turenne Capital Partenaires has held a first close after gathering €60m in commitments for its Emergence ETI fund.
The vehicle, which targets SMEs with a turnover within the €20-100m range, is targeting €100-150m in total commitments for its final close. Turenne Capital currently has offices in Paris, Lyon, Lille...
New combined entity will generate revenues in excess of €300m
Investment marks the fourth round of funding for the UK-based tyre replacement business
Deal marks the fund’s second transaction executed on a stand-alone basis
Backers include existing investors Capnamic Ventures and Iris Capital, as well as business angels