Alantra buys stake in Indigo Capital

Headquartered in Paris, Indigo specialises in financing small and medium-sized European businesses with enterprise values of €20-300m, through a combination of private bonds and preferred equity. Since inception in 2000, the firm's seven investment professionals have completed 50 investments for a total value of €800m. Its most recent fund closed on €300m.

Following this partnership, Alantra expects to further consolidate its position in the French market and accelerate its growth in Italy and other European countries.

This acquisition is part of Alantra's expansion plan, aimed at becoming a leading pan-European diversified asset manager offering a wide range of investment strategies, including direct investments, funds-of-funds, co-investments and secondaries, in six highly specialised asset classes (private equity, active funds, private debt, infrastructure, real estate and venture capital).

This deal follows the acquisition of a strategic stake in fund-of-funds and secondaries manager Access Capital Partners, inked in December 2018; the purchase of a 35% stake in VC firm Asabys Partners, which is backed by Banc Sabadell, in July 2019; the partnership with Grupo Mutua, which invested €45m in Alantra's AM arm in exchange for a 20% stake at the beginning of 2020; the partnership with Enagas to launch an Energy Transition Fund earlier this year; and the launch of a real estate debt division, also this year.

Following this deal, Alantra will manage more than €1bn in assets in private debt strategies, including senior debt, unitranche and private bonds for corporates and long-term flexible financing.

"This transaction will provide the financial means and institutional support of a partner with a proven experience to develop international and diversified businesses while guaranteeing the long-term independence of Indigo," said Monique Deloire, CEO of Indigo. "At the same time, the agreement will further align interest with investors in our firm and enhance the ability to offer attractive opportunities for our senior team."

Alantra is a global alternative asset management, investment banking and credit portfolio advisory firm focusing on providing value-added services to companies, family offices and investors operating in the mid-market segment. The group is headquartered in Madrid and employs 540 professionals across Europe, the US, Latin America and Asia. 

Alantra's assets under management in direct investments stood at €2.4bn, while funds-of-funds, co-investments and secondary funds have raised €10.8bn since inception.

"This partnership will accelerate our plan to create a leading private debt group in Europe," said Jacobo Llanza, Alantra Asset Management CEO. "Moreover, the agreement will offer multiple synergies in terms of joint capital raising efforts, cross-fertilisation and an increased service offering to our clients in terms of investment strategies."

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• Topics
• GPs
• Southern Europe
• France
• Alantra
• Indigo Capital
• France
• Spain