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...
Deal marks the second bolt-on for the business, following the acquisition of Swiss diagnostic imaging provider IRD
Deal marks the second investment made from the GP's 2016-vintage sixth vehicle, which closed on £660m
Acquisition is the company's first out of two planned for this year with ActoMezz's backing
Total commitments for the fund fell some way short of the vehicle's €350m target and €400m hard-cap