Paris-based Weinberg Capital Partners has created a fund to buy small and mid-sized French security and defense companies as it bets on growing interest in an industry that’s in the spotlight due to Russia’s invasion of Ukraine.
The private equity firm has more than €100 million ($107 million) in commitments so far from investors including a large bank and intends to take majority stakes via leveraged buy-outs, it said on Wednesday. It aims to double in size by the end of next year.
