20
Jul’ 2020

CAPZA successfully raises €450m

CAPZA successfully raises €450m in the first closing of the CAPZA 5 Flex Equity Fund

CAPZA announces the successful closing of its CAPZA 5 Flex Equity fund at €450m, thus exceeding the final close of its previous fund (€350m).

 

This first closing confirms the renewed confidence of CAPZA’s historical investors (family offices, insurers, funds of funds, public institutions, pension funds) as well as strong interest from new French and international investors.

 

This fifth vintage – with a target size of around €500 million – has leveraged CAPZA’s proven approach since 2004 by providing – as lead investor – flexible financing solutions combining majority or minority capital, convertible bonds and mezzanine. The Fund aims to support companies in their development and transmission projects in the lower midcap segment in France, Spain, Germany and Italy.

 

The success of this first closing confirms investors’ appetite for a flexible and agile investment strategy in resilient sectors. CAPZA Flex Equity’s teams have demonstrated an ability to efficiently deploy capital and achieve a constant pace of divestment over the previous vintages.

In the current environment, we are convinced of the strength of our broad financing offer as it enhances our capacity to effectively support entrepreneurs during this period of recovery
“ 
Christophe Karvelis-Senn, President of CAPZA

Since 2004, the CAPZA Flex Equity teams have led more than 70 transactions combining capital and mezzanine, including most recently Eurofeu, Coutot-Roehrig and Audensiel. Working closely with entrepreneurs, the CAPZA Flex Equity teams offer tailor-made equity solutions adapted to the company’s project.

 

With this new closing, CAPZA reaches €4Bn of assets*. With the latest transaction Eurofeu, CAPZA cumulates a history of more than 200 transactions since 2004.

 

“We warmly welcome our investors’ renewed trust in this new context. It confirms the relevance of our investment strategy which emphasises diversification and focuses on resilient sectors across Europe,” underlines Benoit Choppin, Co-Head of Flex Equity France at CAPZA.

 

“We are confident in the future of this new Fund, all the more so since our hybrid model enables us to be especially agile and to invest in capital and/or mezzanine at a time when financing is likely to be more constrained and when entrepreneurs will need our support more than ever, ” explains Maxence Radix, Co-Head of Flex Equity France at CAPZA.

 

“Our multi-expertise platform now covers all the top balance sheet needs of SMEs in Europe. In the current environment, we are convinced of the strength of our broad financing offer as it enhances our capacity to effectively support entrepreneurs during this period of recovery,” says Christophe Karvelis-Senn, President of CAPZA.

 

 

*including assets managed by a third party and advised by Artemid SAS. Based on valuations as of 30/03/20 and also including funds raised during S1 2020.

Flex Equity
Flex Equity
Flexible financing solutions combining equity and mezzanine
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77 transactions since 2004
Source: CAPZA as at 03/31/2021
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