Avenir closes EUR60m mezzanine fund

Fund

Avenir Entreprises Gestion, a subsidiary corporation of CDC Entreprises, OSEO and Banque Europeene d'investissement, has announced the closing of Avenir Entreprises Mezzanine - a new EUR60m fund. All parent companies invested an equal EUR20m share.

Investors

CDC Entreprises, OSEO and Banque Europeene d'investissement each invested EUR20m in the new fund.

Investments

The fund is aimed at developing mainly small, but also mid-sized French businesses with a turnover of less than EUR50m. Investments will be in the form of the issuing of convertible bonds of between EUR50,000-300,000 for periods of eight years.

People

Claude Sauvageot is the fund manager at Avenir Entreprises Mezzanine. Jacques Solleau, Jean-Louis Etchegoyhen and Serge Mesguich from Avenir Entreprises Gestion are investment directors at Avenir.

Name

Avenir Entreprises Mezzanine

Target

EUR60m

Focus

Small to mid buyouts

Contact

Claude Sauvageot:

Address

23/25,

Avenue Franklin D Roosevelt,

75008 Paris

France

Tel: +33 1 53 83 74 30.

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• Topics
• Mezzanine
• France