MBO Partenaires raises €250m for fourth fund

The latest fundraise outpaced the GP's previous vehicles, which respectively closed on €120m (2002), €150m (2006) and €180m (2010).

The fundraise also comes after a strengthening of the MBO Partenaires' team – led by Jérôme de Metz and Éric Dejoie – aiming at separating operational and leadership functions within the firm and opening up the investment committee to external input.

Investors
Investors in the fund include mostly institutional LPs from France and abroad, including insurance companies and banks, the GP said in a statement.

Capital Guidance told unquote'' it had invested in the fund.

Investments
Traditionally dedicated to French and European SMEs, the latest MBO Partenaires fund will this time have a strong focus on the digital sector, according to the GP.

Around a third of the fund will be allocated to non-French investments, mainly in Spain where MBO Partenaires extended its presence in 2014, and also in Belgium and Switzerland where the GP has inked a few deals in the past.

Tickets will vary between €5-25m; MBO Partenaires stated it would be able to secure minority or majority stakes, in buyouts or growth transactions. Part of the fund will also be allocated to the MBO International Solution and MBO Digital Solution programmes, designed to enhance portfolio companies' international and digital developments.

People
MBO Partenaires – Éric Dejoie (partner); Jérôme de Metz (founding partner).

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