Ardian Raises $2.4 Billion for New European Private Equity Fund
- Ardian Expansion Fund V plans to invest in midsize companies
- Fund’s next acquisition set to be announced later this month
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Ardian has raised 2 billion euros ($2.4 billion) for a new European buyout fund as the French private equity firm expands its investments in midsize companies.
The Ardian Expansion Fund V, the largest yet created for the firm’s mid-cap buyout strategy, will focus on companies valued at 50 million euros to 350 million euros, according to Francois Jerphagnon, head of Ardian’s Expansion unit. The fund has invested about 10% of its capital in digital storage developer Swissbit and French insurance broker Finaxy, and will announce a third acquisition later this month, he said in an interview.