Pechel III holds final close at EUR165m

Fund

Pechel Industries Partenaires has held its final close of its new fund, Pechel Industries III, on EUR165m. The fund closed ahead of its EUR150m target. Pechel are advised by Matrix Private Funds Group.

Investors

Investors in the new fund to date include funds-of-funds, international pension funds and family offices from Europe and the US. 60% of the capital committed is from French investors. Also 60% of the participants are returning investors from Pechel II.

Investments

Pechel Industries III will continue the successful strategy of the previous two Pechel funds, investing in development capital and LBO transactions in small to mid-sized French companies. The fund will target equity commitments of EUR7-20m per deal and will seek to make 10-12 investments for both majority and minority shares in companies. The new fund recently completed its first investment in Altice, the holding company of French telecommunications and cable operators Completel and Numericable.

People

Jean Gore, Bertrand Hainguerlot and Helene Ploix manage the fund for Pechel Industries Partenaires. Charles Lemon worked as the placement agent for Matrix Private Funds Group. Agnes Rossi was legal adviser to the fund for SJ Berwin.

Name: Pechel Industries Partenaires III

Final close: EUR165m

Focus: Buyouts, expansion

Contact: Jean Gore

Address

162, rue du Faubourg Saint-Honore

75008 Paris

Tel: +33 1 56 59 79 50

Advisers

SJ Berwin (Legal)

Matrix Private Funds Group

(Placement agent).

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• Topics
• Buyout
• France