Ardian holds €230m final close for Growth Fund II

The fund surpassed its original €200m target and hard-cap, a spokesperson for Ardian cofirmed. 

Growth Fund II is already three times bigger than predecessor Growth Fund I, which closed on €70m in 2014, according to Unquote Data.

During the last 12 months, Growth Fund I completed nine exits, five investments and nine build-ups. It recently exited its investment in Brico Privé. Since 1998, Ardian Growth has supported around 100 companies in the digital sector, such as Ivalua in France, Lastminute.com in Italy, and T2O in Spain.

Investors
Institutional investors such as the European Investment Fund and BPI Fance have so far backed the fund, alongside more than 50 investors in the digital sector.

Investments
The fund will complete both minority and majority acquisitions, providing equity tickets in the €5-25m range to digital businesses with a turnover of €5-100m. The fund should invest in around 17 companies. Currently active in France, Italy, Spain and Benelux, the team pursues a pan-European investment strategy.

People
Ardian – Laurent Foata (head of Ardian Growth).  

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• Topics
• Funds
• France
• France
• Ardian (formerly Axa PE)