Montefiore hits €180m target for third fund

The GP launched Montefiore Investment III in May with a €180m target. Speaking to French publication Capital Finance, Montefiore president Eric Bismuth said he was hoping to close the fund near its €240m hard-cap by the end of the year.

The firm closed its previous vehicle, Montefiore Investment II, on €120m in early 2009. It is now 70% invested. Montefiore will start investing from the new fund when the second vehicle is fully invested.

Montefiore will keep to its buy-and-build strategy of French lower mid-cap businesses, focusing on locally supplied services. It intends to build approximately 10 platforms through this latest fund.

Montefiore could not yet be reached for comment.

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• Topics
• France
• Buyout
• Montefiore Investment