Acto Mezzanine completed the final close of Acto Mezzanine FCPR on EUR 187m ahead of its target size of EUR150m. Insurance company Groupama committed approximately 40% of the fund’s total, while the balance was financed by French institutional investors, most of which were also insurers. A number of fund of funds and family offices also contributed.
Shares have been sold to institutional investors for €15.8 a share
Add-on is the first since LDC and Ares provided financing of £100m to the telecoms company in 2019
Acquisition of the fire safety systems provider is the first from the GP's €1.1bn eighth fund
Fresh capital will go towards increasing delivery speed and geographic footprint