
Keensight launches fifth fund with €750m target
French GP Keensight Capital, specialised in growth buyouts, has launched its Keensight Capital V vehicle targeting a €750m final close, significantly more than its predecessor.
The fifth generation fund will pursue a very similar strategy to its predecessor Keensight Capital IV, investing in companies with revenues in the range of €15-250m and related to the information technology, internet, healthcare and wellbeing sectors, Unquote understands.
Although the vehicle is currently on the fundraising trail, it is unclear at this stage when a first close for the fund is to be expected, a person familiar with the situation told Unquote.
Keensight Capital IV held a final close on €250m in 2014. Having said this, the fund's size was subsequently increased to €450m, the source told Unquote.
Keensight declined to comment on the fund launch.
Some of the companies managed by Keensight Capital IV include Lisbon-based Vision Box, a developer of biometric technologies used for security purposes by airports worldwide; and Verona-headquartered Tecres, a bone cements and substitutes developer, subsequently merged with Aap Biomaterials and renamed as Demetra.
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