
Siparex closes Midcap 3 fund on €170m
Siparex has held a final close for its Siparex Midcap 3 vehicle, exceeding its original €150m hard-cap.
Siparex Midcap 3 is larger than it predecessor, Siparex Midcap 2, which closed on €130m in 2012.
Investors
Historical investors represent 75% of commitments. Among the main subscribers are Siparex Associés, sponsor of the Siparex funds, and the Crédit Agricole group. In a statement, the GP disclosed that the presence of family investors has increased and now represents 40% of commitments.
Investments
The vehicle, targeting companies with a turnover of between €15-100m, currently has five investments in exclusivity under its belt, including majority stake acquisitions.
Like its predecessors, the fund will support businesses, either as a majority or minority backer, in structuring governance, acquisitions, internationalisation and digitalisation.
People
Siparex – Pierre Bordeaux-Montrieux (managing partner); Nicolas Eschermann (investor relations, business development).
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