
ActoMezz reaches €150m first close
French mezzanine provider ActoMezz has held a first close for its latest vehicle, Acto Mezzanine II, on €150m.
The GP is aiming to ultimately raise €200m. ActoMezz's previous vehicle closed on €187m in 2008.
ActoMezz, which has been the mezzanine arm of the ACG Capital group since being carved out of insurer Groupama at the beginning of 2013, stated it had been able to retain the support of historical investors such as BPI France, AG2R La Mondiale and OFI Asset Management. It also attracted new LPs including European Investment Fund.
Investments
ActoMezz will keep to its existing strategy, investing mezzanine and minority equity in French SMEs. The fund will consider sponsorless mezzanine investments.
Individual tickets will range from €5-30m. The fund has already made four investments to date.
People
Stéphane Bergez heads the ActoMezz team.
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