Avallon launches €160m third buyout fund

The fund is expected to be larger than its predecessor, Avallon MBO Fund II, which held a final close on €109m in 2014.

The GP plans to hold a first close by Q4 2019.

According to Avallon, the fund's investment strategy will contribute to increasing the availability of private equity capital in Poland, strengthening the resilience of the corporate sector and helping promote private and entrepreneurial initiatives.

Investors
Avallon MBO Fund III has already received a commitment of up to €25m from the European Bank of Reconstruction and Development. The GP expects to receive additional capital from its cornestone investors Unigestion and the European Investment Fund, as well as from new LPs, Unquote understands. In addition, Avallon will also commit €5m to the new fund.

Investments
Avallon MBO Fund III will invest equity and quasi-equity tickets in small- and medium-sized companies based in Poland to support their long-term capital growth.

The fund will follow a similar strategy to its predecessor, investing in companies generating turnover of €12-60m and deploying tickets in the €15-20m range. It will make 8-10 investments and focus primarily on niche leaders operating in the manufacturing, consumer goods, business services, e-commerce and business process outsourcing sectors.

People
Avallon Partners – Tomasz Stamirowski (managing partner).

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• Topics
• Funds
• Buyout
• CEE
• Avallon MBO
• Poland