Omnes holds €30m first close for Omnes Expansion III

The vehicle is likely to hold an interim close in Q3 2018 and a final close in Q1 2019. 

The first close was held in April and allowed the small-cap team to proceed with an investment in Mistral, a France-based ERP software editing business.

The fund us considerably larger than Omnes Expansion II, which closed on €70m in 2014.  

Omnes is also currently fundraising for the Omnes Real Tech and Mezzanis III vehicles.

Investors
The GP's third small-cap fund has received €30m from bank LCL, a previous backer. Within Omnes Expansion III, the sub-section LCL Expansion III will specifically manage the bank's commitments.

The GP span out from Crédit Agricole in 2012, and since then LCL, which is owned by Crédit Agricole, has been an important backer of Omnes' small-cap vehicles.

The fund's predecessor attracted French institutional and high-net-worth individuals – the GP is now aiming to attract a percentage of international LPs.

Investments
Omnes plans to provide equity tickets in the €8-10m range for French companies with an enterprise value in the €10-40m bracket. The investments are likely to be mostly primary and MBI deals, and both minority and majority stakes will be acquired.

The vehicle will target B2B and services-focused companies, likely to operate in the software sector. 

People
Omnes Capital – Benjamin Arm, Laurent Espic (managing partners); Antoine Joris (associate).

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