
Idinvest launches new vehicle to finance industrial assets
Idinvest Partners has raised €150m towards a new vehicle, Idinvest SME Industrial Assets (ISIA), which will aim to help companies modernise their production equipment.
Idinvest is aiming to raise €300m in total for ISIA. The firm stated it launched the fund because SMEs are struggling to get adequate financing structures to modernise their means of production, especially in the context of tighter restrictions placed on banks with Basel III.
ISIA is looking to stand out from the existing solutions available to SMEs by investing through leasing arrangements, helping companies to rotate their equipment quicker and incur shorter amortisation periods.
The vehicle will be headed by partner Sylvain Makaya, who will work alongside financing specialist Fabien Afchain (who notably worked for GE Capital and Siemens Finance in the past). The two have put together a dedicated team with industrial asset financing experience to deploy the fund.
Investors
Idinvest stated that ISIA has already attracted commitments from the European Investment Bank, the European Investment Fund and several institutional investors across Europe.
Investments
ISIA will deploy tickets between €1-15m, with a sweet spot around €5m. It aims to back around 70 businesses in total, with a financing lifespan of five to seven years.
People
Idinvest Partners – Sylvain Makaya (partner).
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