FRANCE – XAnge holds EUR 50m final close of first fund

The fund was backed by returning investors La Banque Postale, AGF, CDC and CNP Assurances, MACIF, Mutuelle Générale, Actys 2 and the XAnge Partners who have invested 77% of the total fund size. Joining the French investors were three international investors, Belgian KBC Asset Management and Moroccan firms CNIA Assurance and Caisse Interprofessionelle Marocaine de Retraites (CIMR). Xange held its first close at EUR 35m in October 2006.

XPansion will take minority stakes in profitable French companies with more than EUR 5m turnover. All sectors will be considered and investments will be in companies with enterprise values between EUR 5-50m. The fund will also target restructuring and expansion deals, investing between EUR 3-4m.

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