B & Capital announces the first closing of its fund
B & Capital, an independent private equity firm, has raised subscription commitments of € 90 million. The company completed the first closing of its fund in December 2017.
This new fund backed by top tier institutional investors such as Bpifrance and Ardian, family offices and private investors, is dedicated to support French SMEs.
B & Capital stems from the association of a team of seasoned investors and Roland Berger around shared values.
Philippe Zurawski, CEO of B & Capital: "We are quite pleased to announce the first closing of our fund raised with investors which, by trusting us, have highlighted the relevance of our unique proposition in the French small and mid-cap private equity universe."
Charles-Edouard Bouée, CEO of Roland Berger: "I am delighted to see that B & Capital has successfully completed this major first step. This first closing is the evidence B & Capital's offering meets a real need".
Paris, January 24, 2018
A new offer on the market
B & Capital offers a new and attractive solution combining the skills of investment and strategy experts. This offering provides SMEs with both private equity funding and sectorial knowledge as well as access to the international network of a leading strategy consulting firm. This multi-directional support will be a growth and transformation booster serving small and medium-sized businesses.
The fund aims at helping a dozen French SMEs to turn into mid-caps in the long run by a proactive strategy of growth, digitalization and internationalization, with the support of Roland Berger.
"Getting permanent access to Roland Berger sectorial and functional experts will enable B & Capital to benefit from an unrivaled support for a fund of this size, at each stage of the investment cycle and make the difference", says Olivier de Panafieu, Co-managing Partner of the Paris office and Head of Private Equity at Roland Berger.
B & Capital will make equity investments in companies whose enterprise value ranges from € 20m up to € 100m.
The fund intends to apply a targeted investment strategy into six growth sectors: business services, health, distribution, technology, specialized industries and environment, which should thrive in the stream of the leading trends in the global economy (digitalization, globalization, changing lifestyles and sustainable development) ".
B & Capital has started to reenergize its origination efforts relying on its networks of regional intermediaries completed by Roland Berger's proprietary contacts and has already an extensive and original deal flow.
The fund target size is € 200m (hard cap € 250m) and B & Capital is currently continuing discussions with French and international investors to hit its target.
- Photos iZonda/iStock