Ardian (formerly Axa Private Equity) has arranged a €275m multi-currency unitranche facility to finance the €450m buyout of Flexitallic by Bridgepoint, in what marks the first investment for Ardian's Private Debt Fund III vehicle.
Allßequitz backing for the heart pump developer also comes from Beteiligungsmanagement Thüringen
Deal is VC's sixth investment from its Deep-tech Fund
GP is currently investing via its Partech Entrepreneur Fund III and Paris Saclay Seed Fund
Fund targets European companies with expansion and growth plans in the Chinese market