Idinvest completes secondaries deal for growth portfolio

The fund and portfolio will continue to be managed by the Idinvest growth and venture team, with a five-year lifespan.

­The deal enables Idinvest to return up to €150m's worth of capital to more than 40,000 retail investors in the various vehicles that previously owned the portfolio, and to further support the growth of the companies, the firm said in a statement.

Idinvest is an asset manager specialising in seed investments, leveraged buyouts, growth capital, debt financing, mezzanine, capital restructuring and recapitalisation transactions in the lower-mid- and mid-market segments. It is headed by CEO Christophe Bavière and managing partner Benoist Grossmann. It is 80% owned by Eurazeo after a purchase option was exercised earlier this year covering an additional 10% of the share capital. 

Portfolio
The portfolio consists of investments made in companies across Europe and the US with a focus on technology and software, and includes France-based audio streaming service Deezer, France-based industrial group Forsee Power, and US-based video cloud platform Sightcall. 

Investors
The new fund is backed by a consortium of investors led by Pantheon and also includes a global financial institution, a European private bank and Commonfund.

People
Idinvest – Benoist Grossmann (managing partner).

Advisers
Equity – Lazard (corporate finance); Clifford Chance (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Secondaries
• Secondaries
• France
• IDInvest Partners (AGF Private Equity)
• Eurazeo
• France
• Pantheon
• Secondaries