French private equity firm Latour Capital has held a final closing of its inaugural fun Latour Capital 1, on its hard cap of €115m.
The subscription requests reached nearly €200m, almost the double of the target size of the fund, the firm said.
Latour Capital invests in SMEs with “strong growth potential”, such as spinoff operations of non core business subsidiaries of large companies and in digital media companies.
Latour Capital has already made several investments through a proprietary deal flow, including first set of acquisitions of five subsidiaries from Veolia and Dalkia, and an investment in internet company Multiposting.
An investment in nuclear engineering and oil sector is currently being completed, making the fund 30 per cent committed.
Latour was founded by three partners: former 3i partner Cédric Bannel; Philippe Leoni, former CEO of listed group Spir Communication and co-founder of Leboncoin.fr; and Alain Madelin, former French Minister of industry, finance and SMEs/ SMIs.