Equinox III raises €230m

The fund was launched at the beginning of 2018 with a €300m target and expects to reach a final close in June.

The fund has already made two investments: the acquisition of a 40% stake in sports clothing manufacturer Manifattura Valcismon; and the purchase of a 55% stake in Italian ICT specialist Quid Informatica.

Investors
Equinox III's LP base is mainly composed of pension funds, family offices and Italian banks like Unicredit and Banco BPM.

Investments
Equinox III targets Italian companies operating in the food, retail, technology and healthcare sectors, generating EBITDA between €4-20m and revenues in the €20-200m bracket.

It buys majority and qualified minority stakes, and deploys equity tickets in the €15-50m range, with the possibility to make co-investments wth its LPs for larger deals. It usually applies moderate leverage between 2-4x and is very flexible in the debt financing provided for each transaction.

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• Topics
• Funds
• Buyout
• Southern Europe
• Italy
• Equinox Investment
• Exclusive
• UniCredit