Successful Close of Naxicap Investment Opportunities II
Naxicap has successfully closed Naxicap Investment Opportunities II (“the Fund”), the second commingled fund raised by the European Private Equity investor headquartered in France. Naxicap Partners raised €856 million for the Fund, its largest fundraising with investor commitments significantly exceeding expectations. Coupled with an additional €700 million from co-investments and specific mandates, Naxicap Partners secured aggregate commitments of €1.5 billion, and, as a result total AuM increased to €5 billion.
The Fund secured commitments from a diverse group of more than 25 international investors, consisting of established and prestigious insurance companies, pension funds, funds of funds and family offices. Naxicap Partners has significantly broadened and internationalized its investor base, including through the opening of its Frankfurt office in 2018. The firm has overcome the challenges posed by the pandemic and secured new investor commitments of €1 billion over the past six months through virtual fundraising. This closing marks another important milestone for Naxicap Partners’ pan-European investment strategy, having closed its first commingled fund at €500 million in 2016.
The Fund has been raised to continue Naxicap Partners’ successful path of acquiring majority stakes in fast-growing European mid-cap businesses. It has already deployed c. 70% of the committed capital through 13 investments across continental Europe, and created a well-diversified portfolio consisting of companies from the healthcare (50%), education (16%), tech (15%) and e-mobility (7%) sectors.
As part of the portfolio, transactions in the DACH region include the acquisition of Stromer (Switzerland), the leading manufacturer of premium speed pedelecs, and the acquisition of Guntermann & Drunck (Germany), a leading manufacturer of digital and analogue KVM solutions (keyboard, video, mouse). Investments in France include the majority stake in Lagarrigue, a global specialist in orthopedic prostheses, a majority stake in Siblu Villages, a market leader in operating owner-occupied holiday villages across continental Europe, as well as majority stakes in nursing homes provider Emera, and in Eureka, a leading French private secondary and higher education group.
Éric Aveillan, CEO at Naxicap Partners, says: “We are pleased with the successful closing of our second commingled fund, for which we have managed to raise new record assets despite the challenges and uncertainty posed by the global Covid-19 pandemic. This is testament to the trust institutional investors have placed in us. Our goal is to offer them consistently strong performance paired with low volatility over time and to seize investment opportunities in the market quickly. We are confident that we will be ready again to actively work with existing and new investors to raise and deploy capital next year.”
Peter Pergovácz, Managing Director and Head of Sales at Naxicap Partners, comments: “We have a proven track record of investing in exciting businesses across Europe and through the new fund have even more firepower to realize compelling deals in the near future. In addition, our experienced investment team of more than 40 people in France and Germany ensures a high-quality deal flow. We look forward to continuing our successful journey in the region building on our strategy of investing in high-growth companies that also contribute to a more sustainable economy. Naxicap Partners is firmly committed to being a responsible investor and we believe that encouraging sustainable growth has a real positive impact on our portfolio and generates long-term value creation for our investors.”
Campbell Lutyens acted as exclusive global placement agent for Naxicap Investment Opportunities II and Naxicap Partners was advised by Goodwin Procter (fund counsel).
About Naxicap Partners
Naxicap Partners – a subsidiary of Natixis Investment Managers – is one of the leading European private equity companies based in France and currently manages assets of €5 billion. As a committed and responsible investor, Naxicap Partners builds constructive and sustainable partnerships with entrepreneurs to ensure mutual success. The company has more than 40 investment professionals in five offices in Paris, Lyon, Toulouse, Nantes and Frankfurt. The investment company has been active in Germany since 2016. Since the opening of the Frankfurt office in 2018, the investment activities in German-speaking countries have been coordinated from there.
Naxicap Partners
An affiliate of Natixis Investment Managers
French Limited Liability Company (Société Anonyme) with a board of directors and a supervisory board
5/7 rue de Monttessuy – 75340 PARIS Cedex 07
www.naxicap.com
Natixis Investment Managers
Natixis Investment Managers is a subsidiary of Natixis.
Portfolio management company - French Public Limited liability company
RCS Paris n°453 952 681
Registered Office: 43, Avenue Pierre Mendes France – 75013 – Paris.
www.im.natixis.com
Naxicap Investment Opportunities II is a Professional Specialized Fund formed as a Limited Partnership (SLP – Société de libre partenariat), closed to new subscription. Naxicap Partners is the management company. The supervisory authority approval is not required for this fund.
This document is provided for information purposes only. This document does not constitute an invitation, advice or recommendation to subscribe for, acquire or dispose of units issued or to be issued by the Fund or any other investment vehicle. Recipients of this document who may be interested in investing in the Fund are reminded that such a subscription for units can only be made on the basis of the information contained in the Fund's regulatory documents.
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.
The Fund secured commitments from a diverse group of more than 25 international investors, consisting of established and prestigious insurance companies, pension funds, funds of funds and family offices. Naxicap Partners has significantly broadened and internationalized its investor base, including through the opening of its Frankfurt office in 2018. The firm has overcome the challenges posed by the pandemic and secured new investor commitments of €1 billion over the past six months through virtual fundraising. This closing marks another important milestone for Naxicap Partners’ pan-European investment strategy, having closed its first commingled fund at €500 million in 2016.
The Fund has been raised to continue Naxicap Partners’ successful path of acquiring majority stakes in fast-growing European mid-cap businesses. It has already deployed c. 70% of the committed capital through 13 investments across continental Europe, and created a well-diversified portfolio consisting of companies from the healthcare (50%), education (16%), tech (15%) and e-mobility (7%) sectors.
As part of the portfolio, transactions in the DACH region include the acquisition of Stromer (Switzerland), the leading manufacturer of premium speed pedelecs, and the acquisition of Guntermann & Drunck (Germany), a leading manufacturer of digital and analogue KVM solutions (keyboard, video, mouse). Investments in France include the majority stake in Lagarrigue, a global specialist in orthopedic prostheses, a majority stake in Siblu Villages, a market leader in operating owner-occupied holiday villages across continental Europe, as well as majority stakes in nursing homes provider Emera, and in Eureka, a leading French private secondary and higher education group.
Éric Aveillan, CEO at Naxicap Partners, says: “We are pleased with the successful closing of our second commingled fund, for which we have managed to raise new record assets despite the challenges and uncertainty posed by the global Covid-19 pandemic. This is testament to the trust institutional investors have placed in us. Our goal is to offer them consistently strong performance paired with low volatility over time and to seize investment opportunities in the market quickly. We are confident that we will be ready again to actively work with existing and new investors to raise and deploy capital next year.”
Peter Pergovácz, Managing Director and Head of Sales at Naxicap Partners, comments: “We have a proven track record of investing in exciting businesses across Europe and through the new fund have even more firepower to realize compelling deals in the near future. In addition, our experienced investment team of more than 40 people in France and Germany ensures a high-quality deal flow. We look forward to continuing our successful journey in the region building on our strategy of investing in high-growth companies that also contribute to a more sustainable economy. Naxicap Partners is firmly committed to being a responsible investor and we believe that encouraging sustainable growth has a real positive impact on our portfolio and generates long-term value creation for our investors.”
Campbell Lutyens acted as exclusive global placement agent for Naxicap Investment Opportunities II and Naxicap Partners was advised by Goodwin Procter (fund counsel).
Naxicap Partners – a subsidiary of Natixis Investment Managers – is one of the leading European private equity companies based in France and currently manages assets of €5 billion. As a committed and responsible investor, Naxicap Partners builds constructive and sustainable partnerships with entrepreneurs to ensure mutual success. The company has more than 40 investment professionals in five offices in Paris, Lyon, Toulouse, Nantes and Frankfurt. The investment company has been active in Germany since 2016. Since the opening of the Frankfurt office in 2018, the investment activities in German-speaking countries have been coordinated from there.
Naxicap Partners
An affiliate of Natixis Investment Managers
French Limited Liability Company (Société Anonyme) with a board of directors and a supervisory board
5/7 rue de Monttessuy – 75340 PARIS Cedex 07
www.naxicap.com
Natixis Investment Managers
Natixis Investment Managers is a subsidiary of Natixis.
Portfolio management company - French Public Limited liability company
RCS Paris n°453 952 681
Registered Office: 43, Avenue Pierre Mendes France – 75013 – Paris.
www.im.natixis.com
Naxicap Investment Opportunities II is a Professional Specialized Fund formed as a Limited Partnership (SLP – Société de libre partenariat), closed to new subscription. Naxicap Partners is the management company. The supervisory authority approval is not required for this fund.
This document is provided for information purposes only. This document does not constitute an invitation, advice or recommendation to subscribe for, acquire or dispose of units issued or to be issued by the Fund or any other investment vehicle. Recipients of this document who may be interested in investing in the Fund are reminded that such a subscription for units can only be made on the basis of the information contained in the Fund's regulatory documents.
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.