Ardian has raised €4bn in four months for its sixth generation mid cap buyout fund, Ardian LBO Fund VI, with an additional €500m raised for co-investment opportunities.
The fund, coupled with Ardian Expansion Fund IV which closed at €1bn in June, means the firm has a €5.5bn platform, one of the largest in Europe, to invest in small to mid-cap companies.
Ardian Mid Cap Buyout, which has grown from 25 to 36 people over the last three years, will invest in established European companies with an enterprise value of between €175m to €1.5bn.
An 85% of the fund will be invested in the core markets of France, Italy, Germany but also Benelux, Austria and Switzerland.
In addition, following the expansion of the Ardian Mid Cap Buyout in the UK and Spain, the team will also look at opportunities in those markets.
“This fundraising success demonstrates the value our investors have seen in our approach of using transformational strategies to help ambitious companies accelerate their international growth,” Philippe Poletti, member of the executive committee and head of Ardian Mid Cap Buyout.