
Omnes collects commitments across funds
Omnes Capital has held a final close for Omnes Mezzanis 3 on €100m and has continued to fundraise for Omnes Expansion 3 and Omnes Real Tech.
Mezzanis 3 has received €100m in commitments, a representative for Omnes told Unquote. The vehicle is a private debt fund dedicated to French small and mid-market businesses. It takes part in mezzanine and unitranche financing transactions, the structuring of private debt bond products within the framework of LBO transactions, and sponsorless transactions. The vehicle had a €150m target, like its predecessor, which closed on Q3 2006 on €145m.
The fund features a compartment, Omnes Mezzanis n°3 Private Investors, which is an accredited FCPR fund for private clients. It allows individuals to commit as low as €5,000 and has attracted backing from 1,500 individuals.
In parallel, Omnes Expansion 3, which has a €120m target, has now collected €105m, a spokesperson for Omnes has confirmed. The GP plans to provide equity tickets in the €8-10m range for French companies with an enterprise value in the €10-40m bracket. The investments via Omnes Expansion 3 are likely to be mostly primary and MBI deals, and both minority and majority stakes will be acquired. The vehicle will target up to 12 B2B and services-focused companies, likely to operate in the software sector.
Omnes Real Tech has now collected €97m against a €100-150m target, a representative of the firm has disclosed. It will invest in 15-20 European technology and software developer early-stage startups that have passed the seed stage. The fund also has an allocation of up to 30% to mid-sized enterprises with the goal of creating partnerships between these companies and startups.
Moreover, the GP has additional long-term fundraising objectives, Omnes confirmed. These include the launch of the energy-focused Capenergie 4 fund in Q3 this year, with a €500m target. The fund will invest in Europe, but will also consider making investments in OECD and non-OECD countries.
Finally, Omnes plans to launch the fifth Croissance mid-cap vehicle in H2 2020 with a target of around €350m. The GP's Croissance funds focus on the mid-market buyout and growth capital segments, targeting French SMEs valued at €40-180m.
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