10
May’ 2021

A successful final closing for CAPZA 5 Flex Equity Fund

CAPZA 5 Flex Equity reaches its revised hard cap at €700m, doubling the final size of the previous Fund (€350m).

This success confirms investors’ interest in a flexible and agile investment strategy in resilient sectors. It reflects the renewed confidence of its historical investors (insurers, Funds of Funds, public institutions, pension funds, family offices) as well as the interest of new French and international investors.

 

This fifth vintage is leveraging CAPZA Flex Equity ‘s proven approach since 2004 which offers – as lead investor – flexible financing solutions combining majority or minority capital, convertible bonds and mezzanine. The Fund aims to support SMEs in their growth and buy-out projects in the lower mid-cap segment in France, Spain, Germany and Italy.

 

CAPZA Flex Equity’s teams have demonstrated an ability to efficiently deploy capital and achieve a constant pace of divestment over the previous vintages. Close to entrepreneurs, they offer tailor-made equity solutions adapted to the company’s project.

With this successful fundraising, CAPZA is positioning itself as a real player in private equity and wishes to reinforce this strategy in the coming years.
“ 
Christophe Karvelis-Senn, Executive Chairman, CAPZA

Since 2004, the CAPZA Flex Equity teams have led nearly 80 transactions combining equity and mezzanine with an average multiple of 1.97x on completed transactions*. The CAPZA 5 Flex Equity fund, which began its investment period in September 2020, has performed 6 transactions and is already 21% invested: IMF Business School, Ynov Campus, Magellan Partners, Winncare, MT Systems and Eidosmedia.

 

« We are confident about the prospects of this new Fund in the current economic environment. Its hybrid model allows us to be agile by investing in equity and/or mezzanine, and in companies in resilient sectors on a European scale » says Maxence Radix, Co-Head Flex Equity France CAPZA.

 

« Our tailor-made strategy aims to adapt to the needs identified by shareholders and management to best support the company’s growth and meet related challenges» adds Benoit Choppin, Co-Head Flex Equity France CAPZA.

 

« We are pleased with the loyalty of our current investors who have reinvested at more than 100%, and to welcome new investors as well. With the success of this fundraising and now four strategies focused on equity investments (Flex Equity, Expansion, Growth Tech, Transition), CAPZA is positioning itself as a real player in private equity and wishes to reinforce this strategy in the coming years. » concludes Christophe Karvelis-Senn, Executive Chairman CAPZA.

 

*Gross Multiple based on 54 realised Flex Equity Transaction of CAPZA as of 30/04/2021.
*Re-up rate based on the committed amount in A share of Capza 5 Flex Equity investors who were invested previously on Capzanine 4 Flex Equity compared to the total committed amount in Capzanine 4.

Flex Equity
Flex Equity
Flexible financing solutions combining equity and mezzanine
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83 transactions since 2004
Source: CAPZA as at 31/03/2022
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