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Investindustrial held quiet November close for Fund V on €1.25bn hard cap

22 Apr 2013

euros_lrgSouthern Europe-focused private equity firm Investindustrial hit its €1.25bn hard cap for its fifth buyout fund in November last year, it has revealed.

The firm closed off Investindustrial V in less than 18 months, underlining the mixed results experienced by European buyout houses in the market for LP commitments.

Investindustrial gathered more than half of the total within the first two months, reflecting investor interest in firms with a more focused approach to private equity.

The firm collected most of the capital from European investors according to PEI, with the rest coming from North America, Asia and Australia.

It has made a single investment from the fund to date, believed to be the purchase of a 37.5 per cent stake in British sports car maker Aston Martin from Kuwait’s Investment Dar.

Investindustrial said in December it would invest £150m in the company in the form of a capital increase, with Aston adding that it intended to invest more than £500m in its new product and technology programme over the next five years.

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