Italian firm Xenon Private Equity raises €150m

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Italian lower mid-market buy-out firm Xenon Private Equity has finished fundraising for its latest vehicle, Xenon V, having notched up €150m, according to reports.

The fund, which started fundraising in November 2008, was targeting €130m, but ended up reaching its hard cap.

Xenon V approached and attracted a mix of international investors including fund of funds, insurance companies and pension funds worldwide, hailing from Finland, Germany, Switzerland, the UK and the US.

Xenon V will focus on investments in companies with an enterprise value between €20m and €50m.

Xenon V expects to make 12 to 15 investments with an equity ticket between €7m and €10m.

Xenon Private Equity was established in 2009, founded by Danilo Mangano, Alberto Castelli, Riccardo Bosco, Franco Prestigiacomo, Giorgio Pastorelli and Stefano Calabrò.

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