Hivest Capital Partners closes maiden fund on €120m

The FPCI fund previously closed on €60m in February this year. Hivest I was reportedly oversubscribed, with demand from LPs hitting the €180m mark, according to the GP.

Hivest was launched at the end of 2016 by Axel Bonnassies, formerly at HIG Capital and Bain & Co, and Cédric Lépée, who held roles at HIG, CDC Capital Investissement and Lazard.

Currently supported by a team of three, the newly formed firm would like to recruit five other investment managers.

Investors
Three quarters of Hivest I's LP base are institutional investors, with the remaining 25% being entrepreneurs based in France and abroad. Institutional investors include the European Investment Fund, Swen Capital Partners, Access Capital Partners and BPI France, which invested directly as well as through its turnaround fund-of-funds (FFR).

Investments
Hivest I will take majority and minority stakes in mostly France-based SMEs whose turnover is included within the €20-500m range, aiming to help mid-sized businesses fulfil their potential in France and abroad.

Targeted businesses will have a strong EBITDA, and will typically receive tickets of €5-25m in equity through possibly leveraged transactions.

People
Hivest Capital Partners – Axel Bonnassies, Cédric Lépée (co-founders, managing partners).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Funds
• France
• Buyout
• France
• HIG Capital