Siparex launches MidMarket III vehicle
French generalist GP Siparex has launched a new fund, Siparex MidMarket III, days after closing its MidCap II vehicle on €130m.
While Siparex MidCap II – which closed on €130m in early June – targets businesses valued at less than €40m, this new vehicle will invest in buyouts valued in excess of this threshold.
Siparex is believed to be targeting a €150m final close. The previous fund in Siparex's MidMarket family, Siparex MidMarket II, closed on this amount in 2008.
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