Aksia targeting €150m for new fund

The GP confirmed it had started marketing the vehicle, with a first close expected by the end of 2013 and a final close targeted for mid-2014.

Aksia closed its previous fund, Aksia Capital III, on a very similar €147m in 2007. LPs in the fund, which committed between €5-40m each, are based in the UK, the US, Switzerland and Italy.

Investments made through the third fund notably included industrial business Robuschi SpA: Aksia invested €30m in exchange for a 61.2% stake in 2007 and reaped a 35% IRR on a €152m sale to Gardner Denver Inc four years later.

Established in 2001, Aksia is based in Milan.

Investments
The fund will aim to back eight to nine small and mid-sized Italian businesses. Export-led companies will be of particular interest to the GP; around 80% of sales in the GP's current portfolio originate abroad, Aksia told unquote". 

Aksia will focus on internationalisation, innovation and strengthening management structures and will follow and organic and acquisitive growth strategy. Exits via trade sales are expected to feature prominently during the divestment period. 

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