BELGIUM - Vendis reaches first closing on EUR 55m

Vendis will provide growth and buy-out capital to non-food retail and consumer businesses in Europe, investing between EUR 5-15m per deal. The investor is targeting EUR 100m for the fund.

The vehicle's cornerstone investments have been committed by the Colruyt family and the Colruyt group.

The fund will be managed by Michiel Deturck, Luc Geuten, Cedric Olbrechts and Willem Van Aelten, who were formerly the retail management team of investment management firm Mitiska. Mitiska will channel its future consumer business investments through the new fund.

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