Qualium III expects autumn final close

The GP started marketing the fund at the end of summer 2021 and the vehicle has raised more than EUR 400m to date against a EUR 500m target, Peroz said.

Like its predecessor vehicle, it will make minority and majority buyouts but will principally acquire majority stakes. It will look at growth and buy-and-build platforms. The fund backs small and medium-sized companies valued at EUR 50m-EUR 250m, with a sweet spot in the range of EUR 100m-EUR 150m, providing equity tickets of EUR 25m-EUR 75m.

The LP base of the fund is the same as that of Qualium II, comprising France-based funds of funds, family offices and Caisse des Dépôts, said Peroz.

The GP announced Qualium III's second investment today (14 April), acquiring France-based debt services company Recocash from IK Partners.

Qualium II held a first close in December 2017 on EUR 370m followed by a final close on EUR 425m in October 2018. The vehicle is more than 85% deployed and its investment period has ended, added Peroz. The fund backs small and medium-sized companies valued between EUR 40m-EUR 250m, providing equity tickets in the range of EUR 20m-EUR 75m, according to Unquote Data.

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