Access Capital Partners closes its smaller European buy-out co-investment fund above target at €226 million
Access Capital Partners (Access) is pleased to announce the final closing of Access Co-Investment Fund Buy-out Europe (ACIF Buy-out or the Fund), its co-investment fund focusing on direct investments into smaller European buy-out transactions alongside highly experienced General Partners. Initially targeting €150 million, ACIF Buy-out received significant interest from a broad array of investors and closed above target at €226 million.
The Fund aims at constituting a diversified portfolio of approximately 15 co-investments, with a particular emphasis on entrepreneurial businesses with attractive growth profiles and a solid base for add-on acquisitions and business transformation. Paul Bekx and Benjamin Barrière, Access’ Partners in charge of the selection and execution of co-investments comment: “the Fund leverages Access’ longstanding relationships with more than hundred General Partners across the smaller buy-out market in Europe, built over its 18-year history of primary and secondary fund investments in that segment. As such, we benefit from a large and steady deal flow of pre-qualified actionable investments.”
46% of the Fund’s capital has already been invested in 8 growing small cap businesses located in the UK, France, Denmark, Germany and Italy with a strong international presence, and operating across business services, consumer services, manufacturing, equipment rental and food. The team believes the market environment remains attractive for investing in the small end of the buy-out market, and look forward to building a successful portfolio for its investors.
Commenting on the Fund closing, Access’ Managing Partners, Agnès Nahum and Philippe Poggioli, indicate: “we appreciate the support of our investors for this new Fund, which broadens the scope of their existing Access fund investments and brings significant benefits such as faster deployment into high quality small and mid-cap companies and the potential for strong returns along with attractive terms and strong diversification”.
About Access Capital Partners
Access Capital Partners is an independent European fund manager, active in European private equity, private debt and infrastructure, with offices in five European countries and assets under management of €7.5 billion from a diversified base of international institutional investors. The firm’s products and services encompass primary fund investments and secondary transactions as well as direct co-investments.