Private equity firm Idinvest Partners has launched an Industrial Assets Fund (ISIA) to lease industrial assets to SMEs across Europe.
The fund has already raised €150m (£132.7m) from the European Investment Bank (EIB) and the European Investment Fund (EIF) among other European institutions. Idinvest aims for a €300m close.
The fund will lease equipment to about 70 projects across Spain, France, Germany and Benelux. Investment size will vary from €1m to €15m, with an average of €5m.
Sylvain Makaya, a partner of Idinvest’s who heads the fund, said: “Our 10 years of experience in private debt financing allows us today to propose a custom-made, flexible financing solutions to European SMEs, to help them respond to the challengers of competitiveness and productivity that they are confronted with. Freeing cash flows and giving companies access to more modern industrial equipment will not only help them develop at a greater pace but is at the core of value creation in Europe.”
Idinvest chief executive officer, Christophe Bavière, added: “As we approach our 20th anniversary, we are proud to be launching the ISIA fund, which bear witness to our continued commitment to support the growth of European SMEs and offer new and tailored financing solutions. For investors, we see this fund forming part of their debt allocations, offering access to an attractive risk/reward opportunity, which provides regular cash yields and is backed by hard assets.”